Vistula Communications Services Inc announced that ITC, a fast-growing, leading telecommunications carrier and business Internet Service Provider in Argentina, signed a five year contract to distribute Vistula's V-Cube VoIP platform in Argentina. This would be the second V-Cube to be installed and launched in Argentina by Vistula Communications Services.

V-Cube will be used as the central system to deliver a range of hosted VoIP telephony products to business enterprise customers in Argentina. Vistula will integrate its web portal set with ITC's existing client and operational systems to give a cohesive client front end. This will facilitate client sign-up and allow those clients straightforward control of their telephony environment.

The system has been officially launched and offered to customers starting July 1st, 2006. Due to the fast integration and deployment process, ITC has been able to install and launch the service well within the time frame estimated.

ITC will initially market Vistula's IP-PBX to it's existing broadband clients, and Vistula's call shop solution to certain cyber cafes it currently services. Both of these products are based on the V-Cube platform. ITC currently services approximately 2000 corporate clients, each with an average of 8-10 extensions, and about 100 cyber cafes. Each cyber cafe has a potential of 4-6 call shop extensions. Due to ITC's long standing relationship with clients, their immediate goal is to capture 50% of their corporate users, and about 30% of its cyber cafes.

Marcelo Moreno, COO of ITC, said, "This is a very exciting business development for us. We will offer an innovative and competitive VoIP telephony service in Argentina. We anticipate significant demand from our existing clients and we believe that the V-Cube platform will attract new customers to ITC's existing products and services. The V-Cube platform allows us to bring world-class VoIP products to our clients, all in a time frame very difficult to match by the competition. This has allowed us to be one of the first ISPs to bring VoIP telephony to the Argentinean market".

Rupert Galliers-Pratt, Chairman and CEO, Vistula, commented, "We believe that ITC is the right partner for Vistula as we continue to deploy our platform in the South American market. ITC has constructed a high capacity, high quality network that will serve as the launching platform for rapid deployment of Vistula's VoIP product suite.

"We look forward to working closely with ITC to capitalize on the substantial opportunity that Argentina provides at this time."