Yi Wan Group (YIWA) Awards Executive & Employee Stock Options
September 07, 2007 (PRLEAP.COM) Business NewsYi Wan Group (YIWA) announces plans to issue stock options to its executives and employees. The awards will grant each executive and employee the option to acquire 100,000 shares of stock at the set price of $0.20 per share through August 31, 2008. The stated purpose for the award is to increase the incentive for each employee to continue to contribute to the growth, profitability and continued success of the Company. Recent sales activity at its subsidiary Vitelity Communications is ramping up Company revenue by more than 5% per month. Vitelity President Brian Ford notes "At the current rate of growth, and with new acquisitions, the YIWA Group could double revenues in the next 12 months. It's an exciting time to be in the VOIP technology space, and we plan to become a national market leader."
The company plans to change its name to US National Telecom, which is now the new and current operating name for YIWA. More information at www.USnationalTelecom.com and up to date stock quotes are available at www.nasdaq.com under ticker symbol YIWA. Vitelity's website is www.Vitelity.com
This release includes forward-looking statements made pursuant to the safe harbor provisions of the PSLRA of 1995 that involve risks and uncertainties. The Company is not obligated to revise or update any forward-looking statements.