Y-Tel International Completes Sunrise Broadband Acquisition

Y-Tel International Completes Sunrise Broadband Acquisition

BROOMFIELD, Colo., Oct. 26 /PRNewswire-FirstCall/ -- Sunrise Broadband Group, Inc., ("Sunrise") a Nevada corporation announced today that on October 17, 2006, the Company entered into an agreement with Y-Tel International, Inc., ("Y-Tel") a Delaware corporation that is listed on the Over-the-Counter Bulletin Board trading under the symbol "YTLI."

Y-Tel has agreed to acquire Sunrise Television Networks, Inc., (STN) from Sunrise Broadband Group, Inc., by merging STN with a wholly owned subsidiary of Y-Tel called Sunrise Acquisitions, Inc. The transaction includes Sunrise Broadband of Colorado, Inc., holder of MMDS licenses serving southeast Colorado. Y-Tel agreed to issue two series of preferred stock to Sunrise shareholders, one for preferred shareholders of Sunrise, Series A and one for common shareholders of Sunrise, Series B, which is convertible to common and which will be restricted and held in trust for Sunrise common shareholders subject to a registration statement registering the underlying common conversion shares. The dividend (in trust) to Sunrise common shareholders will be based upon the Sunrise shareholders of record on October 30, 2006. After registration, the Series B preferred shares will be converted to common shares of Y-Tel in four equal quarterly distributions, to shareholders of Sunrise Broadband as of October 30, 2006.

The closing of the transaction is subject to delivery of audits for Sunrise Television Networks, Inc. and its subsidiary Sunrise Broadband of Colorado, Inc. After the successful completion of certain company performance criteria the Series A Preferred shares will be eligible to convert to common shares of Y-Tel.

It should be noted that no Sunrise Broadband Group, Inc. share certificates will be surrendered in this transaction. Each shareholder of Sunrise securities will retain their ownership in Sunrise.

Over the next 60 days, Y-Tel's Board of Directors intends to present for shareholder approval the following items:

- change the Company's name to Sunrise Broadband Holdings, Inc.

- expand the Companies' stock authorization from 50 million common shares
to 500 million common shares

Symbol Change

If the shareholders approve the name change the NASD will assign a new trading symbol.

Management Change

With the completion of Phase 1, John T. Conroy has stepped down from his previous Chairman, Acting CEO/CFO position to accept his newly appointed position as EVP of Strategic Development and Director. Calvin D. Smiley, Sr. has been appointed Y-Tel's Chairman, CEO and President, while Daniel M. Smith has appointed Y-Tel's EVP, CFO and Director.

Board of Directors

The Board of Y-Tel now consists of: John T. Conroy, Calvin D. Smiley, Sr., Daniel M. Smith, Allan Tracey and Todd Wallace.

About Y-Tel International, Inc.

Y-Tel International, Inc. (BULLETIN BOARD: YTLI) is focused on delivering broadband solutions to rural communities through strategic acquisitions and mergers. The Company has closed on its first cable television system and has selected additional strategic cable television systems all to be upgraded and consolidated; resulting in increased bandwidth, improved customer service, and improved reliability. Y-Tel International is focused on delivering a true "triple-play" of Voice Over Internet Protocol (VoIP), Video-on-Demand (VoD), High-Speed Data services and other related broadband solutions. The Company plans to acquire rural cable television systems and synergistic technology to assist in executing its Strategic Business Plan. Y-Tel seeks to become the leading provider of Wi-Fi Internet Services and VoIP calling solutions.

SAFE HARBOR STATEMENT

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Y-Tel International, Inc. (YTLI) may differ materially from these statements due to a number of factors. YTLI assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

To learn more, visit www.ytelwifi.com or www.otcfn.com/ytli.

Source: Y-Tel International, Inc.

CONTACT: Investor Relations, Peter Clark of OTC Financial Network,
+1-781-444-6100, ext. 629, peter@otcfn.com, for Y-Tel International

Web site: http://www.ytelwifi.com/
http://www.otcfn.com/ytli

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