June 23, 2009
Fuego Enterprises, Inc. Launches
Operations in the Telecommunications Industry
MIAMI, June 23, 2009 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc.,
(OTCBB:FUGI) today announces that it has entered into a long term
licensing agreement for the technology and digital telephony platforms of
IP1 Network Corp., one of the world's leading telecommunication service
providers. With this license, Fuego Enterprises is able to offer worldwide
telephony services and long distance services over existing fixed or
cellular lines in over 30 countries at competitive prices with top
quality.
Fuego Enterprises now offers a single solution which allows calls to
move seamlessly through NATs, firewalls, the Internet, and worldwide
public switch networks by combining soft switches, session controllers,
applications services, and proprietary software platforms of IP1 Network
Corp. This switch/session controller solution is vendor agnostic and has
been tested with most of the primary IP CPE vendors such as: Cisco,
Grandstream, Vertical, Sipura, Avaya, Ipitomy, Samsung, Linksys, and
Quintum. Additionally, it provides all telephone calling features such as
call forwarding, call waiting, call transfer, 3-way calling, prepaid
calling, postpaid calling, voicemail, unified messaging and conferencing,
telephone number porting, toll free numbers, VoIP lines, SIP trunks, video
conferencing, enhanced fax, and enhanced long distance.
"Fuego is now a private branded provider and reseller of
telecommunications services on a worldwide basis, with a focus on our
existing markets in the U.S. and one day, Cuba. We will develop this
offering to be highly competitive with the leading providers of telecom
services in these markets and hope to build a stable consumer base in the
coming years," said Hugo Cancio, President and CEO of Fuego Enterprises,
Inc.
"We are proud and exited to add Fuego as a key strategic partner. Their
ability to penetrate certain consumer markets was attractive to our
partnership and we have now established full functionality for Fuego's
Telephony Solution Service Provider platform. Our network topology was
built to ensure 100% redundancy for all network elements with some of the
world's best domestic and foreign routes. Additionally, our network
backbone and high quality IP-based communication services allows Fuego
Enterprises to offer a turn-key solution to their end-users at competitive
prices," said Frank J. Erbiti, President of IP1 Network Corp.
The following services will be launched by Fuego in the coming weeks:
1) A pinless platform for digital (VoIP) telephony, worldwide dialing
from telephone numbers in over 73 countries, and a state-of-the-art
wholesale platform to buy and sell minutes to all worldwide calling
destinations;
2) A pinless platform in the USA via two new pinless calling card
websites ready for launch to the target the Latino worldwide market.
http://www.milllamadas.com will soon be ready to offer competitive
long distance rates to all countries.
http://www.tellamoacuba.com will specialize in calls to Cuba from
anywhere in the world;
3) Residential and business communications services to communities
across the United States; and,
4) A digital/VoIP Line designed for voice and long-distance calling
over a basic broadband connection while using the Internet.
About IP1 Network Corp.:
IP1 Network Corp. is an enhanced applications services provider that
offers worldwide enhanced internet-based services, including
Voice-over-Internet Protocol (VoIP) and other IP-based services to medium-
and large-sized businesses. The company's operations are located in South
Florida. For further information, please visit
www.ip1network.com.
About Fuego Enterprises, Inc.:
Fuego Enterprises, Inc. is a diversified holdings company with
operations in media and entertainment, telecommunications, and other
industries currently under development. Fuego Enterprises is based in the
U.S. with a focus on Latin markets and the potential to enter trade with
Cuba once restrictions are lifted. For more information, please visit
Fuego Enterprises at
www.fuegoentertainment.net
This press release contains statements, which may constitute
forward-looking statements within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of Fuego
Enterprises, Inc., members of their management, and assumptions on which
such statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking statements.
