HOLLYWOOD, FL - (NewMediaWire) - January 19, 2016 - Telco Cuba, Inc. (OTC PINK: QBAN), an Amgentech company, publicly traded telecom provider is pleased to report that it expects to regain "current" reporting status by January 25th by releasing its Q3 Financials. "We have been working diligently with the company's auditors on getting our post merger consolidated financials released and are eager to see the Company's return to fully reporting 'current' status. Transparency and fully reporting status is important to the Company, and a priority for our shareholders," commented William Sanchez, CEO.
The Company is also pleased to report that the U.S. Federal Communications Commission said Friday it has removed Cuba from its "exclusion list," allowing U.S. companies to provide telecommunication services to the Caribbean country without separate approval from the agency. "Cuba has long ranked as one of the world's most repressive environments for information and communication technologies," according to Freedom House's analysis of the Cuban Internet market. "High prices, exceptionally slow connectivity, and extensive government regulation have resulted in a pronounced lack of access to applications and services other than email. Most users can access only a government-controlled intranet rather than the global Internet, with hourly connection costs amounting to 20 percent of the minimum monthly wage.
"We believe this market to be a large, untapped opportunity for telecom providers such as our Company," stated Mr. Sanchez.
About TelcoCuba, Inc.: Telco Cuba is a cellular service provider that is targeting the Cuban demographic in the United States and intends to offer its services in Cuba when legally able to. The vast majority of Telco Cuba's potential subscribers are Cuban expatriates living in The United States. All of Telco Cuba's calling plans will allow international calls at similar or lower rates than competitive landline rates. Additionally, as an MVNO of Sprint, Telco Cuba will offer direct text messaging and calling to the Country of Cuba. In addition to its cell phone services, Telco Cuba offers digital home phone service and will be bundling its digital and cell phone service in Q1.
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Telco Cuba cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Telco Cuba undertakes no obligation to revise these statements following the date of this news release. Additional details of the Company's business can be found in its public disclosures as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
This press release is issued on behalf of the Board of Directors by William J Sanchez, CEO and Chairman of the board.
Disclaimer Regarding Forward Looking Statements
Certain statements in this press release, on Telco Cuba's ("QBAN") website and other oral and written statements made by QBAN from time to time are "forward-looking statements", as that term is defined in Section 27A of the United States Securities and Exchange Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, Forward-looking statements include, without limitation, statements regarding beliefs, objectives, intentions, goals, plans, strategies, financial projections, any other statements regarding the future and any statements that are not purely historical. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and QBAN expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date thereof. All forward-looking statements, whether written or oral and whether made by or on behalf of the QBAN, are expressly qualified by these cautionary statements. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. QBAN's expectations, beliefs and projections are expressed in good faith and are believed by QBAN to have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. A variety of factors, many of which are beyond QBAN's control affect QBAN's operations, performance, business strategy and results and could cause the actual results, performance or achievements of QBAN to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For QBAN, particular uncertainties arise, amongst others but not limited to and not in any order of importance, from (i) focusing on and allocating more resources on certain target markets (ii) the possibility to raise further equity and debt to fund future growth, (iii) changes in demand for QBAN's products, (iv) performance issues with key suppliers, affiliates, agents, advisors or subcontractors, (v) changes in government changes in laws or regulations to which QBAN or its suppliers are subject, including environmental laws and regulations relating to water or water sources and (vi) the inability to complete announced acquisitions, difficulty or unanticipated expenses in connection with integrating acquired businesses and the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.
THIS NEWS RELEASE HAS BEEN PREPARED BY QBAN's MANAGEMENT, WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.