Engin Yesil Miami

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 31, 2004 -- DALLAS (Dow Jones/AP) - WorldQuest Networks Inc., which provides international long-distance and money-transfer services using Internet telephony, said Wednesday it agreed to acquire Ntera Holdings Inc., a privately held company that also provides Internet telephony services.



Ntera is a subsidiary of Radiant Holdings Inc., a Miami provider of prepaid calling cards.

Despite being the acquired company, Ntera stockholders will receive 80 percent of the common stock of the combined company. WorldQuest shareholders will own the remaining 20 percent. Specific terms were not disclosed.



Ntera's majority shareholder, Chief Executive Engin Yesil, will hold 54 percent of the combined company's stock, the companies said.

engin yesil miami