Seasoned Executive Gregory Giagnocavo to assume leadership of Yi Wan Group, Inc. (Symbol: YIWA). The company will change its name to US National Telecom as soon as practical as it begins an aggressive expansion phase. YIWA expects to buy smaller VoIP technology companies.
Denver, CO (PRWEB) September 6, 2007 -- YI Wan Group, Inc. a publicly traded company under the symbol YIWA, has selected Gregory Giagnocavo as President to lead the company as it plans an aggressive expansion phase. At present, with subsidiary revenues, YIWA has an annual revenue run rate of more than $1,300,000. Giagnocavo offers the comment that "With the excellent technical capabilities that the subsidiary Vitelity Communications already brings to the table along with their well-known reputation in the VoIP marketspace, coupled with an acquisition or two, I am hoping that we will see revenue double within the next 10 months." The Company plans to change its name to US National Telecom, Inc.
Acquisitions are expected to generate a much higher profit margin because all of the increased business can be run over the existing network infrastructure at very little incremental cost. The company expects to transition to high-powered and high-availability SONUS network equipment in the next year, and install additional nationwide pops, allowing for the most impressive uptime guarantees and widest range of features.
About Yi Wan Group - US National Telecom
US National Telecom is the new registered operating name for Yi Wan Group (symbol: YIWA) and it plans to embark on aggressive expansion and a doubling of revenues in the wholesale VoIP marketplace by introducing new voice services and, by acquiring smaller wholesale VoIP companies. Investor info at: http://www.USnationalTelecom.com and at quotes.nasdaq.com
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