Angel Telecom Corporation (OTC: AGLT) announces that its first quarter 2012 results confirm the company´s rapid growth. Revenues from interconnected service providers as well as general traffic volumes have significantly gone up for a second consecutive quarter with an average increase of 97% and 84%, respectively, compared to the last two quarters of 2011. Peter Waneck, Angel Telecom´s Chief Executive Officer, is pleased with the company´s progress following its successful capital raise in December 2011 and comments: "Not only do our numbers look better. Over the past months we have made significant improvements to the quality of our service. As a result, Angel Telecom is closing the gap on the Tier One companies. This positions us ideally to service our target customers, globally operating small-to-medium sized service providers and MVNOs."
Angel Telecom´s goal for 2012 is to become a leading switching center for international Voice over IP calls by reaching the milestone of trading 1 billion minutes per month. In addition, Angel Telecom is targeting a listing on a recognized OTC Market such as OTCBB with a view towards a listing on NASDAQ.
