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Brasília, D.F., 71.215-000
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
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| Investors Relations | |
| (55 61) 415-1140 | |
| ri@brasiltelecom.com.br | |
| Media Relations | |
| (1 212) 983-1702 | |
| cesarb@brasiltelecom.com.br |
Free Translation
BRASIL TELECOM S.A.
Publicly Traded Company
Corporate Taxpayer Registration: 76.535.764/0001 -43
Board of Trade: 53 3 0000622 9
Extract of the Minutes of the Board of Directors’ Meeting,
Held on July 31, 2007
On July 31, 2007, at 10:15 am, the members of the Board of Directors of Brasil Telecom S.A. (“BT” or “Company”), Messrs. Sergio Spinelli Silva Junior, Pedro Paulo Elejalde de Campos, Elemér André Surányi, Ricardo Ferraz Torres and Antonio Cardoso dos Santos, met at the Company’s office, located at Av. Brigadeiro Faria Lima, 2055, 17° andar, in the city and state of São Paulo, and unanimously approved: (i) the 2Q07 Results, (ii) the proposal to substitute the concession’s convertible assets with judicial guarantees, pursuant to ANATEL’s regulations, and (iii) amendments to the manuals Information Use and Disclosure, and Trading in the Company’ Securities. I certify that the aforementioned resolutions were extracted from the minutes drawn up in the Book of Minutes of the Company’s Board of Directors’ Meeting.
São Paulo, Brazil, July 31, 2007
Darwin Corrêa
Secretary
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BRASIL TELECOM S.A.
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By: |
/S/ Paulo Narcélio Simões Amaral
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Name: Paulo Narcélio Simões Amaral
Title: Chief Financial Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.