Petel Incorporated (Pink Sheets:PTEI), the Broadband TV and Digital Media specialists, today announce continued growth in revenue for Quarter 2 2008 on target for an increase of 100% over Quarter 1 2008 and comparative Quarter 2 2007.
Further to quarter 1 2008 closing with an increase in revenue of 82% over quarter 4 2007 the board is pleased to announce the group is on target to close quarter 2 with a 100% increase in revenue compared to both quarter 2 2007 and quarter 1 2008.
"After many months of investment into new technical products to bring our new business models to market we are pleased to register continued growth in revenues for the group; from albeit a modest start to first quarter revenues of some $30,000 we are now set to achieve quarter 2 targets of around $60,000" comments CEO David Morton. "Growth is set to continue with the imminent announcement of additional new clients and a boost to www.SexQube.TV marketing post the successful test of earlier marketing campaigns’.
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Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward looking statements.
Petel Incorporated
Phil Evans, +44 (0)20 3239 9140
enquiries@petel.co.uk
