March 6, 2009
-- Libertyville, Illinois based Quantum Global Networks Inc has acquired REDtone of Pakistan, a subsidiary of REDtone International based in Malaysia as of December 24, 2008. Quantum Global Networks Inc is wholly owned and operated by a private investment group form the US. This purchase immediately enables QGN to become a major player in the LDI ( long distance international ) telecommunication sector in Pakistan. With this purchase QGN becomes one of 11 exclusive LDI license holders in Pakistan. Local businessman and CEO Elie Maloof spearheaded this project in hopes to diversify the group's portfolio while contending with the current economic crisis. According to Maloof " The current recession is making growth extremely difficult domestically, however globally due to emerging economies of the world there is ample room for growth". At the initial onset the focus for QGN is to capture a market share of all outbound US calls into Pakistan. As vice president, Paresh Patel states " we are in a unique position to offer highly competitive rates and quality service domestically as we are the only US based company providing services in Pakistan. He also adds " with this license there are many options that become available to QGN in growing global telecommunication sector ". QGN is already in the works to offer a global Subscriber Identity Module, better known as a SIM card that would allow cell phone use anywhere in the world at a fraction of the cost. Currently QGN is in talks with calling card platform vendors and wholesale termination clients as this is also an area they want to capitalize domestically and offer huge discounts to customers. Our motto is " We connect the world one person at a time" and to enable global expansion, QGN is establishing Points of Presence in London, Hong Kong, New York, Los Angeles and India within the first year of operation. Further more with offices in Karachi, Islamabad, Lahore, Illinois, New York, Dubai, India and Lebanon there is zero downtime in regards to customer service. To find out more about Quantum Global Services, visit us at http://Qgntelecom.com
# # #
Quantum Global Networks, Inc is a private investment group out of Illinois with holdings in telecom, heavy duty equipment, healthcare, real estate and hospitality industry. With this much diversity, telecom remains the focal point of the company. QGN offers cost effective high quality communication routes throughout the world, with an emphasis on emerging third world economies. We also see the calling card market evolving as more and more people communicate and want to offer a first no hidden cost service. With a high growth predictated in this sector, we are actively seeking business partners throughout the world to strengthen our global reach. Visit us at http://Qgntelecom.com.