NEW YORK --(Business Wire)-- 3P Networks Inc. (OTCBB:TPNW) ("the Company") is currently in the final stage of negotiations with the Royal Cambodian Government to acquire significant frequency spectrum in order to implement unique cost effective telecommunication solutions in Cambodia and in neighboring countries.
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As disclosed in a news release dated December 10, 2007, the Cambodia transaction qualifies as the foothold required for a rapid and strategic expansion into the region, specifically in the emerging economies of Laos and Vietnam. Affordable and reliable telecommunications are critical for developing countries in their efforts to both attract investment capital and stimulate a robust domestic environment. While assisting Cambodia's long term growth and higher GNP-per-capita targets, the Company will also succeed in significantly enhancing shareholder value.
The Company's strategy is to rapidly build value via credible cash flows from an established and continually expanding subscriber base in areas where valuations are considerably below standard industry benchmarks. In the briefest of terms, the acquisition of the available telecommunications concession will meet the necessary return-on-investment criteria from the perspective of the inherent risks in creating business opportunities in the developing world.
The Company continues to look for takeover targets in the heavily undervalued regions of the world, subject to the availability of quality management. The opportunity in Cambodia has led to the suspension of the Company's previously announced (August 20 and October 18, 2007) acquisition and financing of certain Caribbean assets. 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.
About 3P Networks: TPNW
3P Networks' management has decades of experience providing telecommunication technologies to developing nations. Much of the focus has been in technologies which assist in the "custom bundling" of multiple products including TV, fixed and wireless VoIP and broadband connectivity, all in a common platform. 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.