NEW YORK--(BUSINESS WIRE)--3P Networks Inc. (PINK SHEETS:TPNW) (“the Company”) has recently entered negotiations with the Royal Cambodian Government to acquire significant frequency spectrum and be issued the required concession required to effectively commercialize the resulting opportunity in the country’s telecommunications industry.
Cambodia’s status is that it is going through a period of rapid growth; consequently valuations in certain industries are extremely attractive and can lead to strong returns on investment, thus enhancing shareholder value. Telecommunications is one of those industries. According to 3P Network executives, this acquisition will provide the requisite foothold needed to rapidly expand 3P’s operations throughout South East Asia.
The Company’s strategy is to rapidly build shareholder value via credible cash flows from an established and expanding subscriber base and to invest in areas where valuations are considerably below standard industry benchmarks. The acquisition of the available telecommunications concession meets all of the necessary criteria required and provides the necessary foundation to consolidate the industry in the South East Asia area.
The Company’s strategy will be to continue to look for takeover targets in the heavily undervalued regions of the world, subject to the availability of quality management. The current opportunity is a direct result of the Company’s joint venture with a boutique investment-banking firm in Phnom Penh — Diversified International Projects.
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About 3P Networks: TPNW
Over the last three years, 3P Networks Inc. has been focusing on developing technologies which assist in the “custom bundling” of multiple products, like HD-TV, fixed and wireless VoIP and broadband connectivity, in a common platform. The Company has already begun deploying its technology in North America, Latin America and the Caribbean and will employ such technology to restructure and enhance the cable-broadcasting and telecom assets acquired.
The Company’s management realizes that aggregating subscribers is the name of the telecommunications game; the growth-oriented markets of the niche South East Asian region (in and around Cambodia) offer a unique window of opportunity. For more information please access the company’s website at (www.3pnetworksinc.com).
This document contains certain forward-looking statements. Such forward-looking statements, by their very nature, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of 3P Networks Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Those trading in shares of the Company should access independent and qualified investment advice, particularly where claims made in forward-looking statements deserve expert attention. Any valuation of the Company’s shares currently depends upon the success the Company will achieve in its merger and acquisition strategy in and around Cambodia, in South East Asia, and upon the overall growth of that region. Such a valuation is also conditioned by the nature and quantum of financing available from time to time.