approach telecom continues growth

After market announcement from QAD shows continued strong growth from Approach Telecom...This should translate into a strong opening for tomorrow.

APPROACH TELECOM CONTINUES GROWTH
The Directors of Quadrant Iridium Limited (“Quadrant” or the “Company”) are pleased to announce that the Company’s wholly owned subsidiary “Approach Telecom Australia Pty Ltd (“Approach Telecom”) has continued its successful introduction by maintaining strong growth.
Approach Telecom doubled the traffic generated in March to over 180,000 minutes, compared to February of 90,000 minutes, of long distance enhanced telephony services traffic from over 25,000 users.
Revenue collected since inception in January 2004 has now exceeded $285,000. The company has retained its focus on tight cost controls and Approach Telecom has achieved positive cash flow over the period.
Chief Executive, Michael Abela comments, “While focusing on building a professionally managed and tightly controlled operation, we have not lost sight of growth in revenue.”
Yours faithfully
Phillip MacLeod
Company Secretary