Spantel Growth in Revenues Continues FUENGIROLA, Spain, July 29 /PRNewswire-FirstCall/ -- Spantel Communications, Inc. (OTC:SPAL) (BULLETIN BOARD: SPAL) , a provider of telecommunications services within Spain, announced today that sales for the quarter ended June 30, 2004 were up 16% to $4,989,162 versus $4,316,533 for the same period in 2003, with a net profit of $210,010 and $440,367 respectively. In the first six months sales were up $1,921,080 and net profits rose by $230,691 versus the first six months of 2003. Spantel's president, Jose Ramon Basterra, said, "We are very pleased that we have again realized double digit growth in sales and saw an increase in our margins, both of which have been fundamental to our profitability over the last seven quarters. Since the first of this year we have incurred increased expenses as a direct result of our implementation of expanded services and introduction of additional new products with only marginal impact to our profitability." Mr. Basterra went on to say: "In order to remain competitive, retain customers and increase market share, we are focusing resources on increasing our product lines and services to meet our customers needs. Customers are demanding convenience, quality, a broad selection of goods and services from their telephone carrier, and we are committed to meeting the needs of our market." To learn more about Spantel, visit the Company's website at http://www.spantel.es/. Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among other things, the competitive environment in the telecommunications industry in general and in the Company's specific market areas, inflation, changes in costs of goods and services and economic conditions in general. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. Contact: Spantel Communications, Inc. Mr. Robert Carlin +34.952.66.93.29 & +34.607.514.906 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Spantel Communications, Inc. CONTACT: Mr. Robert Carlin of Spantel Communications, +34-952-66-93-29 or +34-607-514-906, Web site: http://www.spantel.es/

Copyright