netTALK (OTC:NTLK) Raises $2.5M from PIPE

Oxford, MS 4/7/2011 (Penny PayDay) -- netTALK.COM, INC. (OTC:NTLK), a Competitive Local Exchange Carrier (CLEC) engaged in the sales of products and connectivity network phone service for using Voice over Internet Protocol (VoIP), today announced, in a press release, that it has obtained additional funding up to $2,500,000 in borrowings pursuant to a promissory note agreement. As I write, shares of netTALK.com were down 6 percent at $0.99 per share on light volume of 3,100 shares compared to its average daily volume of 6,317 shares. The company has a market cap of $12.3 million and a 52-week range between $0.10 and $2.50 per share.

“We are most appreciative of the continuing confidence placed in us by our core investor, who continues to support the implementation of our business," said Anastasios "Takis" Kyriakides, Chairman of netTALK. "The new funding will be used to further grow the company, focusing on sales and marketing, expansion of the DUO telecommunications network, and supporting services and products.”

netTALK.com is engaged in the distribution and sale of products supported by its digital voice service. The netTALK DUO is a versatile communications device, with the ability to connect directly to a router or modem (no computer needed) or the computer's USB port, offering consumers free local and long distance calls to any landline or mobile phone in the U.S. and Canada from anywhere in the world.

The netTALK DUO and other innovative netTALK communications products are available at www.nettalk.com.

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