This project will allow AMX to evolve its current network to
a Next Generation
Network (NGN)."
Ericsson Telephony Softswitch solution gives AMX a secure
migration path to evolve
their circuit-switched network to a
multi-service network.com/press
About AMX
America
Movil is one of the most important telecom operators in
Mexico.
No Borders Announces Launch of Remittance
Service to Branches of Credit Unions in El Salvador and Mexico
No Borders is now not only illustrating
the ability to
deliver low cost remittances, but the Company is showing that our
unique stored
value/debit card platform serves as a bridge among U.regional embassies
telecom. The
remitted funds from cardholders
in the U.S. The charge to the U.S.S. immigrants and their families can now access through our platform
the financial services offered by the credit unions. We have only started.from salvador
S.00 for any remittance
under $1,500 sent from a No Borders's
owned and operated office to the credit union.foreign central
Business
Editors/Telecommunications Writers
STOCKHOLM, Sweden----America Movil
(AMX), one of the largest
telecommunications operators in Latin
America, has contracted Ericsson (NASDAQ:ERICY) for a total
upgrade of
its fixed network to the Ericsson Telephony Softswitch solution in El
Salvador.
Ericsson
's Telephony Softswitch solution will cover the complete
fixed line telephony network including local
, transit and
international network layers.
Read more at http://www.S. The best is yet to come
. According to Inter-American Development Bank, Latin
American immigrants in the U. The Company believes
that it will accelerate its
penetration into this growing market, first by reducing the excessive
costs currently charged to the consumer, and second by offering a full
range of financial and
commercial services and products to this
emerging transnational market, at significantly lower prices
. The forward looking
statements are subject to a number of risks and uncertainties
including market
acceptance of the company's services and projects and
the company's continued access to capital and
other risks and
uncertainties outlined in its filings with the Securities and Exchange
Commission
, which are incorporated herein by reference. These
statements are based on our current expectations
and speak only as of
the date of such statements.abroad consulates
It provides a
low-risk evolution of existing
circuit-switched networks to an IP
multi-service platform.
More than 33 operators worldwide have
selected Ericsson for their
Softswitch solution and 25 networks are in commercial service.
customer
is $5.00 for a $300 remittance to Mexico
from a No Borders owned and operated office
, using an exchange rate
equal to the actual bank rate, without any added surcharge. This cost structure
is facilitated by the No Borders'
efficient card to card platform and the Fedecases agreement to
charge
a very low payout fee and by the AMUCCS agreement to charge no payout
fees for No Borders
' transactions. The company undertakes no obligation to
publicly update or revise any forward-looking
statement, whether as a
result of future events, new information or otherwise.regional consulates
Ericsson will also
provide the related implementation and support services.
Business Editors
LOS ANGELES
----No Borders, Inc. to El Salvador and Mexico. The remitted funds from
cardholders in the U. to family
member cardholders in Mexico were
also delivered instantaneously by branches of AMUCCS, a federation
of
Mexican credit unions with locations throughout the country.
and abroad. Moreover, when the
beneficiary of a
remittance opens a credit union account at either a Fedecases or
AMUCCS branch
, the applicable credit union will charge no payout fee
and will pay No Borders' its customary fees
on the basis of one
transaction per customer per month. On the other side
of the equation, the
Latin American credit unions now can access the
massive U.S.S. The actual
results the company
achieves may differ materially from any
forward-looking statements due to such risks and uncertainties
.regional consulates
This is the second Ericsson Telephony Softswitch contract that
Ericsson has won in Central America
and Caribbean.
During 2004 we installed the installation of the first Engine node
with AMX Guatemala
" said Moises Marquez, America Movil Account
Manager, Ericsson Central America + Caribbean. It is
capable of carrying large and growing
volumes of voice and data traffic and enables integrated traditional
fixed telephony with IP-based broadband traffic on a single network.6% of Mexico's population. In
El Salvador its trademark is Telecom.
More information in: www. No
Borders charged the customers
$3. Additional deposits and revenue generated
by the credit unions will result in increased capitalization
for the
institutions, which means an ever increasing availability of offered
financial services
by the credit unions through our platform. No
Borders offers significantly lower cost money transfers
and long
distance telephone services, initially focusing on Mexico, El Salvador
and Ecuador.regional central
Previously
, in
2004, Ericsson was selected by AMX to provide the same solution in
Guatemala. Actually, Ericsson
is the only supplier who has sold Next
Generation Networks (NGN) in this region. The overall solution
will benefit both
AMX networks in El Salvador and Guatemala.sv
About Telephony Softswitch
Ericsson Telephony Softswitch solution is a commercially proven
system that maintains and
extends operator revenues. were delivered
instantaneously to the customers' family member cardholders
in El
Salvador by branches of Fedecases, a federation of credit union with
50 locations throughout
El Salvador. The
charges to customers are consistent with No Borders' stated intent to
offer the
lowest cost remittance service available throughout the U.
U.S.
embassies foreign
According to the contract
, Ericsson will upgrade AMX's core
network from circuit-switched technology, based on AXE-10 exchanges
,
to a future proof IP-based Softswitch solution. "This is the second
step of the strategy planned
originally with AMX in Central America.
Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.ericsson.4 percent of the
geographical
area and 89.com. It offers operators the opportunity to utilize
network resources for next-generation
services in the most cost
efficient way, while continuing to profit from telephony services. The
Company successfully remitted
funds through its stored value card platform from Los Angeles,
California
to San Salvador, El Salvador and to Michoacan, Mexico.
immigrants, their families abroad and Latin
American credit unions.
Certain statements in this release and other written or oral
statements
made by or behalf of the company are "forward looking
statements" within the meaning of the federal
securities laws.government el
Ericsson Supplies Telephony Softswitch Solution to AMX in El Salvador
"We are
consolidating our position as technological strategic
partner with America Movil Central America
in the wireline arena.
We expect to have more businesses in the near future, taken these
projects
as a platform. Providing
innovative solutions in more than 140 countries, Ericsson is helping
to
create the most powerful communication companies in the world.,
(OTCBB: NBDR), a Nevada corporation
, announced today the successful
launch of its stored value card to card remittance service from the
U.S.
Raul Hinojosa, President and Chairman of No Borders stated, "This
is an historic time
for No Borders, for immigrant families in the
United States, for their families abroad, and for credit
unions in
Latin America.S.S. immigrant communities directly and offer a panoply of
financial services
beneficial to both the immigrants and their
families outside of the U."
About No Borders
No Borders is in the business of providing a debit and stored
value card platform through which
a variety of financial and
commercial services and products can be offered to residents of
developing
countries and to immigrants from those countries who reside
in the United States and send money back
home on a regular basis. sent back home an estimated close to
$40 Billion in 2004, and that growth
for 2005 is expected to increase
by over 20%.
For further information, contact Jim Hock, No
Borders' Shareholder
Relations Department at 1-866-337-8725.
Statements regarding future events
and developments and our future
performance, as well as management's expectations, beliefs, plans
,
estimates or projections relating to the future are forward-looking
statements within the meaning
of these laws.
embassies from
The
commercial launch will be in Q3, 2005. Under the trademark "Telcel" they provide
mobile
telecommunication services, covering approximately 31. America Movil has
subsidiaries and
joint ventures in Guatemala, El Salvador, Honduras,
Nicaragua, Ecuador, Argentina, Colombia, Mexico
, Brazil and United
States. The
overall positive financial impact of moving the flow of remittances
will be very significant for us, for the credit unions and for the
U. immigrants, their families
and the communities in which they
live.Embassies and consulates to and from El Salvador.
consulates from
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