A.December 12, 2015: The company started trading on the OTC under the trading symbol: ALOC.
B.December 17, 2015: Amitelo completed it’s acquisition of 100% Interest in Sunline Communications SL, a Spanish corporation, incorporated in July 2002 in Malaga / Spain. The company is a Telecommunications Service Provider offering Broadband Internet access via Satellite & Voice over IP for private and corporate customers in southern Spain. Sunline has recently initiated an Internet Broadband Service named “Canal-i” in Morocco for foreigners living in Casablanca and other major cities in the Kingdom of Morocco. Sunline is projecting a revenue of 1.5 Million Euro (1.87 Million US$) for the next Fiscal year.
C.December 31, 2015: Amitelo completed it’s acquisition of 100% Interest in MIDNET Middle East Telecommunications Network SAL, a Lebanese corporation, incorporated in July 2014 in Malaga / Spain. MIDNET S.A.L. is a Lebanese corporation, incorporated in March 2000 in Beirut / Lebanon. The company is an Internet & Telecommunications Service Provider offering Internet Broadband services to corporate customers in The Middle East. MIDNET is also involved in some specific Telecommunications projects in IRAQ. The company has applied for a Telecommunications License / Authorization from the Iraqi Authorities, to install a wireless Network in order to distribute Internet Broadband and Telephony pre-paid Services to the Public.
D.January 23, 2015: Amitelo Communications, Inc. has retained Liberty Consulting International, Inc. as the Company’s Investment Bankers and Investor Relations firm. Based in Aventura, Florida, Liberty Consulting International, Inc. specializes in Investment Banking and Investor Relations services for small and mid-cap companies worldwide. Amitelo has engaged Liberty to evaluate strategic acquisition options.
E.January 23, 2015: Amitelo Communications, Inc. announced it has signed a letter of intent to acquire GNT Global Network Telephone GmbH and is immediately beginning preparations for a listing on the OTC Bulletin Board. GNT is a German telecommunications operator and an international carrier. The company has revenues of approximately $28 million US for 2014 and anticipated revenue of $37 million US for 2015. GNT’s assets are valued at approximately $16 million US.