TMCnet News

The PhoneBrasil Group provides updates on its financial reporting and public shares
[March 25, 2015]

The PhoneBrasil Group provides updates on its financial reporting and public shares


MIAMI, March 25, 2015 /PRNewswire/ -- The PhoneBrasil Group, in a statement from its Chairman and CEO Anderson A. Dias, reported to the market that its current focus is not on selling new shares, but rather properly reporting its financials and creating a leadership structure that is sound for years to come.  The company in recent years has not declared revenues but rather concentrated on self-investing for new products and services.  The Chairman/CEO himself invested in the last few years much of his personal wealth, in addition to other key officers and private investors.

PhoneBrasil International Inc.

Mr. Dias stated that The PhoneBrasil Group is finalizing the selection of an accounting firm in order to restart public financial reporting in the second quarter of 2015.  Said Mr. Dias: "Full accountability and transparency is our goal now and always, our investors and clients can expect and demand the highest levels of communication and integrity from our global leadership team.  We are poised to make a difference in the marketplace and the time for us has come!"

Mr. Dias also stated that their new handset The Glass, which he expects to become a revolutionary product in the industry, utilizing PhoneBrasil's own operating system is on schedule for global announcements and testing in the late April, 2015 timeframe.  Said Mr. Dias: "Our expetations are that The Glass, in addition to our already developed solutions like the Conect3S-USA and Conect3S-Brasil, will have an immediate positive impact on our financials and employee growth.  The key for us is to manage the expected growth in a prudent fashion while we continue to create new global partnerships." 



Mr. Dias added: "We have put the right cost controls in place and have negotiated great cost from our global partnerships, our partners are forward thinkers, giving us the benefit of the doubt with a cost based on our future potential, allowing us to become profitable in a very short timeframe."

About PhoneBrasil Group:


Through its subsidiary PhoneBrasil International Inc. is a telecommunications provider offering wireless telephone and broadband services to consumers and enterprise entities nationwide in Brazil, USA and worldwide, while providing its Evolution branded handsets, tablets and peripherals worldwide.  The company has its global headquarters in Miami, Florida, USA with its Brazilian offices in Curitiba, Parana, Brazil.  For further information please visit www.phonebrasil.com.

This document includes forward-looking statements.  All statements regarding PhoneBrasil International including without limitation, future financial position, results of operations, financing plans, products and services, competitive positions, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from expectations or projections. PhoneBrasil International Inc. does not undertake any duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include the ability to fund operations, actions of competitors, consumer acceptance of existing and new product offerings, and changes in general economic conditions as well as conducting business in foreign jurisdictions and risks inherent with currency exchange rates.

Logo - http://photos.prnewswire.com/prnh/20150310/180819LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-phonebrasil-group-provides-updates-on-its-financial-reporting-and-public-shares-300055996.html

SOURCE PhoneBrasil International Inc.


[ Back To TMCnet.com's Homepage ]