EX-99.1
14
v070546_ex99-1.htm
PHINDER
TECHNOLOGIES INC
-
OTC BB
symbol (PHDT)
Miami,
April 2, 2007. Phinder
completes sale of web presence business
Phinder
Technologies Inc. is pleased to announce that it has completed the sale of
a
portion of its' web presence business to a non related third party.
Management has made the decision to sell the web presence business in order
to
focus on its' core business of a facilities based wholesaler of international
voice traffic within the carrier to carrier marketplace.
This
is a
share transaction comprised of a non related company purchasing all
the outstanding stock of Axcess Internet Solutions, Inc., a subsidiary of
Phinder Technologies Inc.
The
purchase price consist of an initial payment of just under $1 million. In
addition to this payment Phinder will receive settlement payments on revenues
generated from an even larger section of the data base on a shared revenue
bases
with yet another party (60% for Phinder and 40% for the other party). These
revenues will continue for as long as any active customers remain.
"I
am
very pleased to have completed this transaction in such a short time
frame as it will now give the company additional resources to focus on its'
core business", stated John Alexander van Arem, CEO of Phinder Technologies Inc.
"Although we will experience a decrease in revenues for the 4th quarter of
2007
(ending March 31st 2007) as a result of this transaction, it will allow the
company to fast track its' business model in the wholesale carrier to carrier
marketplace".
Phinder
Technologies'
core
business runs through its wholly owned subsidiary, Zupintra Communications
Inc. Zupintra is a facilities based wholesaler of international voice
traffic within the carrier to carrier network. As a wholesale VoIP provider,
Zupintra Communications Inc. signs both origination and termination contracts
with next generation carriers and profits from negotiated rates.
FRANKFURT
- WKN #: A0DQU5
For
Investor Relations contact:
David
Putnam
Email:
ir@phinder.com
416-815-1771
ext.227
www.phinder.com
In
compliance with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, PHDT notes that statements contained in this
announcement that are not historical facts may be forward - looking statements
that are subject to a variety of risks and uncertainties. Accordingly, PHDT
wishes to caution readers of this announcement that its future actual results
may differ materially from those that any forward - looking statements may
imply. There is no assurance the above - described events will be completed.
There can be no assurance of the ability of the company to achieve sales goals,
obtain contracts or financing, consummate acquisitions or achieve profitability
in the future. The above and additional factors are discussed in detail in
the
company's filings with the U.S. Securities and Exchange Commission. These may
be
viewed at www.sec.gov
and
many
other Web sites without charge.

EX - 99 . 1 14 v070546 _ ex99 - 1 . htm PHINDER TECHNOLOGIES INC - OTC BB symbol ( PHDT ) Miami , April 2 , 2007 . Phinder completes sale of web presence business Phinder Technologies Inc . is pleased to announce that it has completed the sale of a portion of its ' web presence business to a non related third party . Management has made the decision to sell the web presence business in order to focus on its ' core business of a facilities based wholesaler of international voice traffic within the carrier to carrier marketplace . This is a share transaction comprised of a non related company purchasing all the outstanding stock of Axcess Internet Solutions , Inc . , a subsidiary of Phinder Technologies Inc . The purchase price consist of an initial payment of just under $ 1 million . In addition to this payment Phinder will receive settlement payments on revenues generated from an even larger section of the data base on a shared revenue bases with yet another party ( 60 % for Phinder and 40 % for the other party ) . These revenues will continue for as long as any active customers remain . " I am very pleased to have completed this transaction in such a short time frame as it will now give the company additional resources to focus on its ' core business " , stated John Alexander van Arem , CEO of Phinder Technologies Inc . " Although we will experience a decrease in revenues for the 4th quarter of 2007 ( ending March 31 st 2007 ) as a result of this transaction , it will allow the company to fast track its ' business model in the wholesale carrier to carrier marketplace " . Phinder Technologies ' core business runs through its wholly owned subsidiary , Zupintra Communications Inc . Zupintra is a facilities based wholesaler of international voice traffic within the carrier to carrier network . As a wholesale VoIP provider , Zupintra Communications Inc . signs both origination and termination contracts with next generation carriers and profits from negotiated rates . FRANKFURT - WKN # : A0DQU5 For Investor Relations contact : David Putnam Email : ir@phinder.com 416 - 815 - 1771 ext . 227 www.phinder.com In compliance with the " safe harbor " provisions of the Private Securities Litigation Reform Act of 1995 , PHDT notes that statements contained in this announcement that are not historical facts may be forward - looking statements that are subject to a variety of risks and uncertainties . Accordingly , PHDT wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward - looking statements may imply . There is no assurance the above - described events will be completed . There can be no assurance of the ability of the company to achieve sales goals , obtain contracts or financing , consummate acquisitions or achieve profitability in the future . The above and additional factors are discussed in detail in the company 's filings with the U . S . Securities and Exchange Commission . These may be viewed at www.sec.gov and many other Web sites without charge .
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