NaeroDynamics Announces Acquisition of Information Edge Telco Solutions

CHICAGO, July 23 /PRNewswire-FirstCall/ -- NaeroDynamics, Inc.
(Pink Sheets: NAEO) today announced that it has acquired Information Edge
Telco Solutions, Limited, an Irish Corporation (IETS). IETS provides
continuous performance improvement, financial management and business
information solutions for telecommunications companies as well as large
corporate enterprises that utilize significant telecommunications networks.
IETS has the capability to cleanse and normalize large quantities of data.
Its unique ECM proprietary software has been specifically developed to carry
out end to end circuit inventory management quickly and accurately from the
disparate data sets obtained from clients. This software, along with the vast
hands-on experience and knowhow of the IETS team, provides an intellectual
advantage that equates to the identification of significant savings, typically
20% - 40%, of a customer's annual network expenditure. Capital Growth
Systems, Inc. d/b/a Global Capacity was impressed by the capability of ECM and
has entered into an agreement with IETS whereby IETS will provide front end
data cleansing services for Global Capacity related to its telecommunications
circuit cost optimization business. As part of this contract, IETS is
currently providing cleansing services to Global Capacity on networks in over
30 countries.
Additionally, as part of the acquisition, Rohan Chanmugam and Vilosh
Brito, CEO and Director of Systems and Solutions of IETS respectively, have
joined the NaeroDynamics board of directors, effective immediately.
Mr. Chanmugam has over 25 years experience in the Telco sector including
senior management and board level roles in several major global organizations.
He is the founder and Chairman of niche Telecoms consultancy Clevercoms. His
previous roles include -- Senior Vice President, Network Business Management
at Equant (now Orange Business Services); Deputy Managing Director and Senior
Vice President Finance, SITA Equant JV and Managing Director, BT [British
Telecom] Aeronautical and Maritime. In addition Mr. Chanmugam has had several
special advisory appointments including -- Strategic Advisor to the CEO of
COLT Telecom Group (the UK's third largest operator).
Mr. Brito has over 30 years of sound worldwide commercial experience in
financial and operational management. His prior positions include: Founder and
Managing Director of Decsisys Ltd.; Managing Director of CIMDEC Ltd -- an
off-shoot of Digital Equipment Corporation (NZ) and Finance Director, Pepsi
Cola in New Zealand.
Lee Wiskowski, Co-CEO of NaeroDynamics stated, "We are extremely excited
to have Rohan and Vilosh as part of our company. Rohan has over 25 years of
relevant experience carrying out cost management and revenue generation for
Telcom operators over the world and Vilosh has over 30 years of world-wide
experience, both of which will be invaluable to executing the business plan."
Rohan Chanmugam, CEO of IETS also stated, "We are extremely pleased to be
part of NaeroDynamics. Having their access to capital and their relationships
in the US market will only enhance our strong partnerships throughout the rest
of the world. This will help us to accelerate growth of the business."
Doug Stukel, Co-CEO of NaeroDynamics stated, "The current worldwide
economic conditions make our service offering even more important to large
telecommunication companies and other corporate users. Their history of
realizing significant savings in the Telco spending arena makes us quite
confident that we can become an industry leader in this space."
Forward-Looking Statements
Certain information discussed in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and the federal securities laws. Although the
company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions at the time made, it can give
no assurance that its expectations will be achieved. Readers are cautioned
not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and
unanticipated risks, trends and uncertainties such as the company's inability
to accurately forecast its operating results; the company's potential
inability to achieve profitability or generate positive cash flow; the
availability of financing; and other risks associated with the company's
business. The company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
CONTACT:
Skip Behm
NaeroDynamics, Inc.
630-271-8590
SkipBehm@naerodynamics.com

Maria Chanmugam
IETS
+44 20 7681 6989
maria@clevercoms.com

SOURCE NaeroDynamics, Inc.

Skip Behm of NaeroDynamics, Inc., +1-630-271-8590, SkipBehm@naerodynamics.com;
or Maria Chanmugam of IETS, +44 20 7681 6989, maria@clevercoms.com