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.
