telnet refused on specific port on AWS instances

I'm tryign to telnet from one linux env (10.205.116.141) to 10.205.117.246 on port 7199 but keep getting a connection refused. I did a chkconfig iptables off on both servers and even make sure iptables if stopped as well.

what else should I be looking at?

[root@ip-10-205-116-141 bin]# telnet 10.205.117.246 7199
Trying 10.205.117.246...
telnet: connect to address 10.205.117.246: Connection refused

trace route seems to be working as well...

[root@ip-10-205-116-141 bin]# traceroute 10.205.117.246 -p 7199
traceroute to 10.205.117.246 (10.205.117.246), 30 hops max, 60 byte packets
 1  ip-10-205-117-246.xyz.cxcvs.com (10.205.117.246)  0.416 ms  0.440 ms  0.444 ms

also, I'm on a aws private cloud so we don't get public IPs provisioned for use...

checked my security group and it looks like all ports are open as well