PALM SPRINGS, Calif., Jan. 5 /PRNewswire-FirstCall/ -- Aquentium, Inc.
(OTC: AQNM) announced today that Aquentium Hong Kong Ltd. has signed a
memorandum of understanding (MOU) with Faaco Telecom. The joint venture
between Aquentium Hong Kong Ltd. and Faaco Telecom is to provide a
telecommunication mobile phone system for the Republic of Somaliland.
Under terms of the agreement, Aquentium Hong Kong Ltd. is agreeing to
install, service, market, and maintain said system as part of their phone
license to Faaco Telecom.
Somaliland is situated on the eastern horn of Africa. It shares borders
with Republic of Djibouti to the west, Federal Republic of Ethiopia to the
south and Somalia to the east. Somaliland has a coastal line to the north of
the country which extends 460 miles along the Red Sea.
Somaliland is about the size of England and Wales with an area of
137,600km2 (68,000 sq. miles). The population of Somaliland is estimated at
around 3.5 million. The average population growth rate is 3.1%.
Hargeisa is the capital of Somaliland with an estimated population of 0.45
million. The other main towns are Burao, Borama, Berbera, Erigabo and Las
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Statements contained in this release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933 as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. The forward-looking statements are made based on
information available as of the date hereof, and the company assumes no
obligation to update such forward-looking statements. Editors and investors
are cautioned that such forward-looking statements invoke risk and
uncertainties and the company's actual results may differ from these forward-
looking statements. Such risks and uncertainties include but are not limited
to demand for the company's products and services, our ability to continue to
develop markets, general economic conditions, our ability to secure additional
financing for the company and other factors that may be more fully described
in reports to shareholders and periodic filings with the Securities and
Investor & Media Relations:
Mark Taggatz - Tel: 760-329-4139