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Flint Telecom Group, Inc. (FLTT) Looking to Capitalize on World Connectivity

Apr. 13, 2011 5:16 PM ETFLTT
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Getting connected has taken on a whole new meaning in today’s digital world. Mobile phone usage continues to reach new heights, not only in the United States, but across the globe. In China alone, there are over 800 million cell phone subscribers today. It has become so second-nature to U.S. teens to use mobile devices that an amazing 42% of teens say they can text blindfolded, according to a national survey from CTIA, the international association for the Wireless Telecommunications Industry, and Harris Interactive.

Additional data from CTIA shows that as of December 2010, U.S. wireless revenues are $160 billion per year with 303 million users representing 96% of the population. This is an increase from 69%, or 208 million users, in 2005. 26% of households are now wireless only with no fixed line phone installed.

Looking to cash-in on the mobile craze, Flint Telecom Group, Inc., an international Telecoms Technology Organization based in Overland Park, Kansas, with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally, is pushed hard to grow exponentially. The Company’s wholly-owned subsidiary, Flint Prepaid, Inc. has recently opened a new division, Flint Mobile, which offers nationwide cell phone services, including voice, text and data, as an MVNO (Mobile Virtual Network Operator) with particular emphasis on international calling for U.S. -based customers. Flint Mobile is bringing a new dimension in making international calls from the cell phone and offers users the ability to call over 50 countries at domestic rates as part of their standard calling plans.

Today, it was announced that Flint Mobile has received orders for 1,000 handsets from its distribution partners ahead of its formal launch of wireless services on April 25, 2011. The Company is seeing this as a strong showing of faith that their business model is taking shape as the launch date is rapidly approaching. Per the Flint plan, customers will have no bills and no contracts and can avail of a wide choice of options to suit every need from budget services with costs of just 10 cents per minute, to Smartphone’s with unlimited voice and data options from $44.99 per month.

Commenting on the new order and impending new rollout, Vincent Browne, Chariman and CEO of Flint Telecom Group, stated, “This is another milestone for Flint Telecom and marks a key step in our journey to becoming a leading telecommunications service provider in the U.S. and beyond. With these wireless services and the recently announced letters of intent to acquire VoIP providers we will be able to offer SME’s customers one source for all of their communication needs. By integrating VoIP technologies with wireless services we will offer more value, more flexibility and more choice to business users and individuals alike who want the convenience of one provider without the additional costs. We aim to capture over 20,000 users by the end of 2011 that we expect will generate profitable monthly revenues of approximately $500,000 to the group.”

More information on Flint, its subsidiaries and business strategies can be found on the Company’s website at flinttelecomgroup.com

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