Empresas y finanzas

WorldOne, LLC Retains Guirao & Alcaraz as Legal Counsel For Mergers and Acquisitions in the European Market



    WorldOne LLC, a joint venture of Payless Telecom
    Solutions, Inc. (OTC:PYTJ), which holds a 50% stake in WorldOne LLC
    and Sagitel Telecom, SL who holds the other 50% of equity, are pleased
    to announce they have retained the services of Guirao & Alcaraz, a
    prestigious European law firm, to oversee transactions involving
    mergers and acquisitions, and in-country licenses that will be
    acquired throughout the European telecommunications marketplace.
    "I have just returned to Miami after spending a week in Spain,"
    said Mr. Ricardo J. Canal, President of Payless Telecom Solutions,
    Inc. After careful thought and deliberation, we were able to select
    the appropriate law firm that will help us facilitate the development
    plans we have for the present and future growth of WorldOne LLC. The
    selection process was the first step in implementing our strategy for
    the European market and we can now move forward with acquisitions
    and/or joint ventures with more vigor. Moreover, this expansion will
    set the stage for remarkable growth potential and additional revenues
    for WorldOne, as well as our parent companies."
    "Sagitel Telecom SL, since joining forces with Payless to form
    WorldOne, has created a powerful company with the ability to purchase,
    merge or joint venture with large and small European telecom
    companies. Now that we have retained Guirao & Alcaraz for legal
    representation, other companies will begin to acknowledge that we are
    a serious merger or buyout candidate," remarked Daniel Diaz, CEO of
    Sagitel Telecom SL.

    About WorldOne, LLC

    Through its parent companies, WorldOne, LLC has a considerable
    presence" in the US, Latin American, and European markets. With the
    inception of our expansion plan, we will also benefit the people of
    Africa and Asia's growing economy by providing less expensive expanded
    services and more efficient telecommunications.

    About Payless Telecom Solutions, Inc.:

    Payless Telecom Solutions, Inc. and its subsidiaries and
    acquisitions offer services such as local and long distance phone
    service, Voiceover Internet Protocol (VOIP), WiFi/WiMax technology,
    and Internet Protocol Television (IPTV). Located in South Florida, the
    company filled the needs of the Latin markets for more enhanced
    economical telecommunication services. From its inception, Payless has
    expanded from offering its services in Florida to 37 additional states
    and several countries in Central and Latin America.

    About Sagitel Telecom, SL

    Sagitel Telecom, SL, is located in Alicante, Spain with more than
    7 years of experience in the sector of Telecommunications. Sagitel has
    based its development on the opening of new markets and on the supply
    of the most advanced products and services to residential and
    professional consumers. They offer their clients technological
    solutions that ensure the success of their businesses, providing an
    integral range of solutions based on service, solidity, reliability
    and quality of the products offered. Being based in Spain, they have
    made a special emphasis on targeting the tourist zones of the Spanish
    Mediterranean coast, the islands, and in the main industrial nuclei of
    the peninsula.

    About Guirao & Alcaraz

    The Law office of Guirao & Alcaraz was formed in January of
    1986. The office specializes in the following legal areas: corporate
    and private government matters, Spanish and Foreign residents or
    corporations economic, administrative, fiscal, and telecommunications
    licensing rights as well as representation in criminal and civil
    matters.
    Since its inception the office has been involved in international
    business, representing businesses clients from Sweden, Norway,
    Finland, Germany, the United States, as well as legal interests of
    other European countries. The members of the Office have been
    collaborating professors of the main school of Spanish business linked
    to the Department of Industry: the School of Industrial Organization.
    Likewise they have collaborated on legal reports and articles that
    have been published in European law magazines.

    Statements in this press release that are not historical facts are
    forward-looking statements within the meaning of the Securities Act of
    1933, as amended. Those statements include statements regarding the
    intent, belief or current expectations of the company and its
    management. Such statements reflect management's current views, are
    based on certain assumptions, and involve risks and uncertainties.
    Actual results, events, or performance may differ materially from the
    above forward-looking statements due to a number of important factors
    and will be dependent upon a variety of factors including, but not
    limited to, our ability to obtain additional financing and access
    funds from our existing financing arrangements that will allow us to
    continue our current and future operations and whether demand for our
    products and services in domestic and international markets will
    continue to expand. The company undertakes no obligation to publicly
    update these forward-looking statements to reflect events or
    circumstances that occur after the date hereof or to reflect any
    change in the company's expectations with regard to these
    forward-looking statements or the occurrence of unanticipated events.