Telesource International, Inc. Announces its Joint Venture with Sayed Hamid Behbehani & Sons, Co.

LOMBARD, Ill. -- Telesource International, Inc. (Pink Sheets:TSCI) announces its joint venture with Sayed Hamid Behbehani & Sons, Co. (SHBC). Its joint venture company, Telesource International/Sayed Hamid Behbehani & Sons, Co., Joint Venture, L.P.

has also been awarded a $43 million contract to build the United States Department of State's new United States embassy in Suva, Fiji. Construction of this project is expected to commence towards the middle of 2007 and will be completed in 2009. Telesource International, Inc. previously announced it would be entering the construction market in partnership with Sayed Hamid Behbehani & Sons, Co., one of its major investors and shareholders. Telesource International, Inc. is the majority partner in the joint venture and will provide all management services on the project.

Nidal Zayed, Chief Executive Officer of Telesource International, Inc. stated, "this project represents a new beginning for Telesource. We have experienced significant challenges in our construction business. However, prior to bidding for this project, we restructured our management team, installed state-of-the-art systems and processes to ensure proper tracking and management of this project. We also invested in the latest technology and information management systems and are building a team of professionals with extensive embassy construction experience. We have partnered with Hellmuth, Obata + Kassabaum (HOK), a premier architectural and engineering firm with extensive Embassy and Department of State design experience and look forward to a successful launch, design and build of this project."

Telesource International, Inc. has a significant presence in Fiji. Telesource International, Inc. now manages a significant number of power plants within Fiji. Keeping with its mission of being a responsible and conscientious corporate citizen in Fiji, Telesource International, Inc. looks forward to subcontracting a majority of the work to local Fijian contractors and employ as many local people as possible. "Building a United States Embassy is a premier project and at the same time a challenging project Oand if handled incorrectly, can lead to significant losses; however, we are extremely confidant of the systems, management tools and personnel we have in place and expect to deliver this project on time and within budget," Mr. Zayed later added.