BAAR, Switzerland--(BUSINESS WIRE)--Angel Telecom Corporation (OTC: AGLT) announces that its first quarter 2012 results confirm the company’s rapid growth. Revenues from interconnected service providers as well as general traffic volumes have significantly gone up for a second consecutive quarter with an average increase of 97% and 84%, respectively, compared to the last two quarters of 2011. Peter Waneck, Angel Telecom’s Chief Executive Officer, is pleased with the company’s progress following its successful capital raise in December 2011 and comments: “Not only do our numbers look better. Over the past months we have made significant improvements to the quality of our service. As a result, Angel Telecom is closing the gap on the Tier One companies. This positions us ideally to service our target customers, globally operating small-to-medium sized service providers and MVNOs.”

Angel Telecom’s goal for 2012 is to become a leading switching center for international Voice over IP calls by reaching the milestone of trading 1 billion minutes per month. In addition, Angel Telecom is targeting a listing on a recognized OTC Market such as OTCBB with a view towards a listing on NASDAQ.