You Can`t Even Give a 100 Million Dollar Company away These Days

Released on: May 9, 2008, 5:25 am

Press Release Author: Chas Watkins

Industry: Telecommunications

Press Release Summary: With Lingtastic\'s different delivery vehicles your mobile
phone or PDA device has been turned into a real-time universal translator, added
Chas.

Press Release Body: Nevada, USA -- May 9, 2008 -- You can't even give away a 100
million dollar company away these days! jokes the founder of Lingtastic
(www.lingtastic.com ), Chas Watkins, during a recent interview. "What Lingtastic
needs is a true visionary who can take the reins using our technology and create a
100 million dollar company while turning the world of international communication on
its head"

Lingtastic, a radical internet startup, allows the user to have live language
interpreters and chunks of text translation done instantly at drastically reduced
prices (Up to 90%). It has created a unique market model for international
communication and translation by removing the barriers between customer and
interpreter as far as possible and introducing a competitive market place where
professional interpreters compete for customer business. Mr. Watkins said during the
interview that Lingtastic would consider giving majority ownership of the company,
FREE, to a company, group or person with the resources and vision to make this new
and unique technology ubiquitous.

We have this incredible technology that will make this service the dominant player
in a 12 billion dollar market. There is no reason, with the phenomenal interest
shown by interpreters in our service and our extreme scalability, that within three
years we can not be earning revenues over the 100 million mark. Lingtastic already
has over 1,500 highly qualified interpreter applications in their system with 20-30
new applications added every day. Lingtastic has developed the technical software
aspects but what we need is a business partner that can develop the brand awareness,
sales channels and push us in today\'s international marketplace. At our prices the
service sells itself but you still need a strong team to execute on a daily basis.

In 2006 Chas Watkins realized that the traditional expensive telephone interpreting
model was a completely outdated and formed Lingtastic based on a radically new
concept for international communication and translation. A person on holiday, for
example, struggling with the local language barrier does not have the same needs as
an executive in a technical business meeting nor can they afford the ridiculous
pricing of $100 an hour. So Lingtastic offers the ability to choose the skill level
of the interpreter you need for the given task, be it casual or technical, and gives
the interpreters the ability to compete for the work at a fair price.

The internet has broken down the obstacles of distance. It is ridiculous that large
interpreting companies can pay someone in the second world under $10 an hour but
charge a customer a $100 an hour for their services. Lingtastic has completely
changed that antiquated business practice and has truly made it a fair playing field
for all. If the interpreter uses our technology he can now potentially double or
triple his income and still give the same service to a customer that is now paying a
much cheaper rate. It's a real win-win situation for everybody involved.

Lingtastic\'s scalable technology has the built in ability to translate personal and
business text jobs and deliver the translations instantly as needed by the customer.
Lingtastic\'s translators can do a live translation of email or SMS so all of your
messages arrive in the language of the person with whom you are trying to
communicate. As Lingtastic is not tied to any one delivery mechanism they are
continually developing new and exciting methods for interpreters to interact with
the customer.

Currently Lingtastic can conference in or call standard phones, cell phones, Skype
and Google talk but testing via MSN, Yahoo and Jajah are fully expected to be
completed within the next few months.

With Lingtastic\'s different delivery vehicles your mobile phone or PDA device has
been turned into a real-time universal translator, added Chas.

It is a real challenge to find companies with the vision that we need to take this
to the next step Chas pointed out. We have a technology that actually uses every
interpreter's computer to power the service so as we add people we add power. It
makes our company massively scalable at little cost. We truly have resolved the
language barrier.

Amazingly enough, what we never expected was the reaction from the interpreters and
translation community itself. There is obviously a lot of frustration there with the
large discrepancy between what they are paid and what companies charge the business
community for their services. They are behind us 100%.

For a more in-depth understanding of the business infrastructure please follow this
link to view Lingtastics investor video: http://www.lingtastic.com/ver.htm

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Press release distributed by PressReleasePoint(http://www.pressreleasepoint.com/)

Contact

Chas Watkins
Lingtastic
Nevada, USA
44 222 656
press@lingtastic.com
http://www.lingtastic.com

Web Site: http://www.lingtastic.com

Contact Details: Nevada, USA

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