US National Telecom (USNT) -- Set 3-for-1 Stock Dividend Date, Final Approval; Increased Shareholder Interest
13 November 2007 - 2:43PM
Marketwired
DENVER, CO , a rapidly growing VoIP telecom company, confirmed
today that the Board has agreed to instruct its counsel to finalize
the process of setting the dividend date for the Company's
attention-getting prior announcement of a 3-for-1 stock dividend.
The NASD will need to review the Company's information in order to
issue final approval of this dividend. Shareholders seem to be
excited at the current prospects of the Company, which was formerly
known as Yi Wan Group (YIWA) until the many recent changes have
revived the Company.
An announcement of a USA distribution deal for a well-known
voice softswitch is expected later today.
The Company has been pleased by recent shareholder interest as
evidenced by the share trading volume which has soared to as many
as 1,000,000 shares per day in recent weeks. Many shareholders have
expressed interest in the Company as revenues have exploded since
new executive management has revived the Company.
The Company's revived business activity is now focused on the
exploding use of voice over IP, or VoIP, which is based on using
the Internet to transmit voice traffic around the world at low
cost.
About US National Telecom (USNT) - formerly known as Yi Wan
Group (YIWA)
US National Telecom (USNT) is a publicly traded VoIP technology
company, headquartered in Denver, Colorado. The company, formerly
known as Yi Wan Group (formerly YIWA), has now formally changed its
name to US National Telecom, Inc., and has been assigned the
coveted ticker symbol USNT. www.USnationalTelecom.com The Company
focus is on building a large VoIP and Internet services
conglomerate expanding to process international voice traffic and
international calling cards traffic.
Safe Harbor Statement: This release includes forward-looking
statements, made pursuant to the safe harbor provisions of the PSLA
of 1995, that involve major risks and uncertainties based on what
may be inaccurate assumptions. Financial information is based on
revenue and deposits for services, is unaudited and subject to
restatement. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.