 |
March 4, 2008 |
|
|
|
 |
CORDIA CORP: Says LatAm Will be 10% of Revenues by Year-End Cordia Corp.'s President Kevin Griffo told Business News Americas that the firm expects revenues from Latin America to be 10% of global revenues by year-end, compared to the current 2%. Latin America contributes with 25% of Cordia's Voice Over Internet Protocol services revenues, BNamericas says, citing Mr. Griffo. Mr. Griffo told BNamericas that Cordia expects to see high growth of its Latin American operations, especially in: -- Mexico, -- Brazil, -- Argentina, -- Chile, and -- Peru. Cordia has about 2,000 clients across Latin America. The company will have 20,000 clients by year-end, BNamericas notes, citing Mr. Griffo. Mr. Griffo said in a statement, "During 2008, we will be further expanding our efforts in Latin America through the use of third party telemarketing companies in order to expedite our growth in this region." Headquartered in Florida, USA, Cordia Corp. -- http://www.cordiacorp.com/ -- is a global communications provider of traditional wireline and Voice over Internet Protocol technologies. The company's services include: * Bundled Local, Long distance, International, and Toll-Free Calling Services (www.cordia.us) * Voice over IP (www.cordiaip.com) * Shared and Dedicated DSL (www.cordia.us) * International Phone Numbers - Magellan (www.magnumbers.com) * Wholesale and Agent offerings (Contact us) Going Concern Doubt Cordia Corp. incurred a net loss of approximately US$303,800 for the three month period ended Sept. 30, 2007. It has a negative working capital of approximately US$7,346,000 and a deficiency in stockholders’ equity of approximately US$1,989,000 as of Sept. 30, 2007. These conditions raise substantial doubt about the company’s ability to continue as a going concern. The company recognized the need for additional working capital to strengthen its financial position, maintain growth, and continue to carry out its plans for its international expansion of Voice over Internet protocol and related value added services. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
