QTL unknown

QTL on the way up on positive news

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    The following news regarding Quadtel's signing a Preferred Supplier
    Agreement with Australia's second largest broadband ISPs, iPrimus, was
    released to the market today.


    QUADTEL SECURES PREFERRED SUPPLIER AGREEMENT WITH iPRIMUS FOR ADSL MODEMS IN
    $1.5 MILLION REVENUE BOOST

    “Quadtel secures crucial agreement with iPrimus, Australia’s second largest
    provider of xDSL services.”


    Sydney 16th May: Quadtel Limited (ASX & CDNX: QTL) today announced that the
    company has formed an agreement to be the preferred supplier to leading ISP
    iPrimus for the supply of ADSL modems. iPrimus is Australia’s third largest
    ISP with over 385,000 customers and is also the country’s second largest
    provider of xDSL services.

    “This agreement extends and consolidates a valuable relationship with a very
    successful ISP,” Rodney Orrock Chief Executive Officer Quadtel Limited said
    today. “We have worked with iPrimus to introduce the innovative “Broadband
    in a Box” mass retail product into Australia’s largest retailer, Harvey
    Norman. With Quadtel’s extensive vendor partnerships, we can offer iPrimus
    the best of breed quality ADSL equipment available and more importantly we
    can provide choice. I should add that every modem that sells in the
    Broadband in a Box product offered by iPrimus in Harvey Norman has been
    supplied initially by Quadtel.”

    Under the terms of the agreement Quadtel will be the recognized preferred
    supplier of choice to iPrimus for their ADSL modem requirements needed to
    support their fast growing Broadband Division. The agreement is expected to
    add over $1.5 million in revenue to QTL for the coming financial year given
    existing supply run rates.

    Ash Chopra, General Manager for iPrimus said today he believed the expanded
    partnership with Quadtel was mutually beneficial to both parties.

    “Quadtel is an established, proven and experienced supplier / distribution
    organisation. They have already brokered an important partnership between
    iPrimus and Harvey Norman and this new agreement is further recognition of
    the considerable value that QTL has delivered iPrimus over the last year,”
    Mr. Chopra said.

    “Coming on top of Primus Telecom’s recent strong financial performance and
    penetration of the Broadband market, iPrimus believes their partnership with
    Quadtel will deliver not only high quality service but best of breed product
    choice and importantly, added value.”

    Rodney Orrock said that apart from the expected $1.5million boost to Quadtel
    ’s FY 2002/2003 sales, the iPrimus deal reinforces Quadtel’s position as the
    leading end to end distribution company in Australia.

    “The challenge now is to maintain that position and continue our impressive
    growth,” Orrock said. “However important deals such as this with iPrimus,
    following so quickly on our recent expansion into the cable modem market
    with Motorola, plus the exciting developments in China we recently reported
    lead me to predict with confidence that we are on track to match our current
    growth well into the new financial year.”


    For Further Information contact: Denis Orrock – 8852 4600


    ABOUT QUADTEL
    Sydney-based Quadtel Limited is a leading distributor of broadband products
    and services to the corporate, government and SME sectors. Through the
    company’s fully-owned subsidiary Marketing Results Pty Ltd, Quadtel is also
    Australia’s leading distributor of home and business technology products to
    the retail and mass merchandise markets.

    With a focus on best-of-breed product lines, Quadtel has formed distribution
    relationships with world?leading vendors including Alcatel, D-Link, Network
    Associates, Intuit, Symantec, ACCO, Motorola, and Maxtor. Quadtel is listed
    on the Australian Stock Exchange (ASX: QTL) and the Canadian Venture
    Exchange (CDNX: QTL) and has offices in Australia and equity investments in
    Mainland China. For more information visit www.quadtel.com or phone Quadtel’
    s head office in Sydney on +61 2 8852 4600.

    ABOUT iPRIMUS
    iPrimus is the 100% owned Internet and Data Subsidiary of PRIMUS
    Telecommunications Group, Incorporated (NASDAQ: PRTL) a global
    facilities-based Total Service Provider offering bundled voice, data,
    Internet, digital subscriber line (DSL), Web hosting, enhanced application,
    virtual private network (VPN), and other value-added services.

    The Company owns and operates an extensive global backbone network of owned
    and leased transmission facilities, including over 300 IP points-of-presence
    (POPs) throughout the world, ownership interests in over 23 undersea fiber
    optic cable systems, 21 international gateway and domestic switches, a
    satellite earth station and a variety of operating relationships that allow
    the Company to deliver traffic worldwide.

    PRIMUS has been expanding its e-commerce and Internet capabilities with the
    deployment of a global state-of-the-art broadband fiber optic ATM+IP
    network. Founded in 1994 and based in McLean, VA, the Company serves
    corporate, small- and medium-sized businesses, residential and data, ISP and
    telecommunication carrier customers primarily located in the North America,
    Europe and Asia-Pacific regions of the world. News and information are
    available at the Company's Web site at www.primustel.com
 
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