LONDON, Jan. 4, 2005 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QANT), through its wholly owned subsidiary DimiTel Ltd, announced today that its advanced platform is powering the recently launched calling card service by Internet Gold in Israel.
Internet Gold (Nasdaq:IGLD) has recently announced that its 015 International Telephony business plans to enter Israel's NIS 100 million calling card market with a launch of prepaid and postpaid calling card services, and set itself a target of acquiring a 10% market share of Israel's calling card market.
The new contract is a result of the ongoing successful cooperation with Yamatel UK Limited, one of Quantech's strategic marketing partners.
About DimiTel Ltd
DimiTel has based its business and technology upon its founders' experience in the mobile applications and billing systems. DimiTel's products range from VoIP wholesale billing systems to complex calling card and callback systems. This enables clients and distributors to implement switching and billing systems, tailored to their needs. DimiTel's platforms are commercially proven in multi-vendor operations, and are used with more than 20 leading Telecom operators, calling card operators and partners -- such as China Unicom, CK Group, Bezeq Int.
About Internet Gold
Internet Gold is a communications company that provides Internet access and related value-added services, international telephony, e-advertising, content and e-Commerce services throughout Israel to both residential and business customers.
Safe-Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. QANT's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors not under the control of QANT including but not limited to, market conditions, level of investment on technology, changes in operating conditions and costs, technology developments, etc. QANT assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it was made.