EXHIBIT 99.1
PRESS RELEASE, DATED NOVEMBER 20, 2000.
EuroTelecom Communications, Inc. (Trading Symbol-EUTC; Class A Stock quoted on
the Alternative Investment Market of the London Stock Exchange as ETMA) whose
*application linking technology is used to create the communications backbone
for intelligent buildings, has signed a one year exclusive distribution
agreement with Chinese telecommunications equipment manufacturer, Huawei
Technologies Co., Ltd.
EuroTelecom will become the sole U.K. distributor for Huawei's range of SDH
fiber optic transmission products. EuroTelecom expects that prospective
customers will be developers and tenants whose buildings and businesses rely
upon resilient SDH based Communication networks and services. SDM fiber optic
transmission products have a broad application to the retail, leisure, education
and commercial office sectors in addition to executive residential developments
that demand high-speed future proof systems.
Founded in 1988, Huawei is a high technology enterprise dedicated to the
research, development and marketing of telecoms equipment and is one of the
largest network solutions providers in Asia. Huawei product areas include
switching, SDH (synchronous digital hierarchy) / DWDM (dense wavelength division
multiplexing) transmission, optical access networks, mobile and wireless
communications, ATM, data communications and video conferencing. Huawei recorded
revenues of U.S.$1.5 billion in 1999.
Huawei is a market leader within China, controlling about 25% of China's optical
transmission systems, and operates in Africa, the Middle East, Asia, Russia and
the U.S. Huawei is seeking to introduce its operations into Europe Through the
agreement with EuroTelecom.
Phil Derry, Chief Executive of EuroTelecom, commented:
"We have been looking to add to our SDH product portfolio. The Huawei
Relationship provides EuroTelecom with a complementary range of SDH technology
allowing wide area broadband solutions with capacity from STM4 up to STM64.
Huawei's comprehensive product range now enables EuroTelecom to satisfy our
customer's most demanding technology and communication requirements through
innovative optical fiber based integrated solutions.
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The Huawei relationship is particularly important when considered alongside our
proposed acquisition, announced on 17 December, 2000, of Intelect Network
Technologies, (a wholly owned subsidiary of Intelect Communications, Inc
(NASDAQ: ICOM))whose technology serves the intelligent building market using STM
1 multi protocol application platforms as installed by EuroTelecom at 'The
Printworks' retail and leisure development in Manchester and Q.ton Forum a video
conferencing and leisure complex in Cambridge."
This press release contains forward-looking statements. Such Statements are
based on the current expectations and beliefs of the management of EuroTelecom
Communications, Inc. and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those described in the
forward-looking statements.
*Application linking is the term used by EuroTelecom to describe a means of
providing a communication path between a series of devices in a network that
links end user applications.
An intelligent building is a building that uses self-monitoring and
self-supporting technology to control internal building services such as
lighting, heating, air conditioning, alarms and communications. SDH stands for
synchronous digital hierarchy, STM for synchronous transfer mode and DWDM for
dense wavelength division multiplexing, which are recognized transmission
standards or methods.
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