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IVI Communications, Inc. (OTCBB: IVCM) |
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Dear Reader,
StockUpTicks is pleased to bring you another UPDATE with **breaking news** from IVI Communications, Inc. (OTCBB: IVCM). IVCM announced today that it has successfully transitioned to trading on the OTC Bulletin Board. It is widely accepted that the OTCBB provides a broader audience of investors, easier access to trading information and a more efficent trading environment.
So take a moment to read the recent news below from IVCM. And if you missed our September 15th profile on IVI, click on this LINK to view it.
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**Breaking** NEWS FROM IVCM |
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Press Release
Source: IVI Communications, Inc.
Monday October 10, 4:23 pm ET
IVI Communications, Inc. Completes Transition to the Over The Counter Bulletin Board
LOS ANGELES, Calif., Oct. 10 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM - News; German WKN# A0DNJW) is pleased to announce that the 30 day transition to the Over The Counter Bulletin Board is now complete. As previously announced, IVCM was approved for trading on the OTCBB on September 8, 2005.
Within the 30 day transition period, only one market maker (in this case, Pennaluna & Company) was allowed to enter company quotations on the OTCBB. The 30 day transition period ended on Friday October 7, 2005, which allowed additional market makers to begin to enter IVCM quotations and accept orders to buy and sell stock on the Over The Counter Bulletin Board this morning.
"IVI Communications embraces our new trading venue because we feel the transition goes a long way in helping to build value for all of our shareholders. Stock quotes can be more readily accessed and we should enjoy a more efficient market for IVCM securities," says Nyhl Henson, CEO IVCM.
To Read the entire News Release including dislaimers, Click Here
Company website: www.ivn.net
Investor Relations Contact:
Blue-Sky Solutions, LLC
Stephanie Soleas
(877)4-BLUE-IR
ivcm@blueskyir.com
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About IVCM |
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IVCM is a fully reporting, Los Angeles-based Internet Service Provider (ISP) management company that is currently developing one of the first nationwide high speed Wireless Broadband Networks. The IVCM business model is focused on bringing the Nation's dial-up users into high-speed access via a nationally-branded, fixed wireless broadband network.
IVI Communications, Inc. (IVCM) currently has two wholly owned subsidiaries, Internet Business Consulting, Inc. and AppState.Net. IBC is a leading provider of turnkey wireless networks that has the expertise required to engineer, install, and support wireless applications and solutions. AppState.net is an Internet Service Provider founded in July 1999 providing wireless and dialup Internet access to the Appalachian State University town of Boone, NC. IVCM utilizes the Boone market and its student population as a test market for new services that will be marketed nationally. IVCM currently generates revenue of over $3 million annually.
IVI Communications will continue to implement its plan to acquire, consolidate and profitably operate locally branded ISPs that will offer state of the art dialup, Lickity-Split(SM) wireless Internet access, and VoIP services to residential and business customers. Through consolidation, economies of scale are achieved and profit is maximized. As more compelling content becomes available, the management of IVCM believes that the demand for broadband services will increase dramatically. ISPs having a track record of success in broadband will not only retain customers by converting their dialup customers to broadband but will acquire new customers who migrate from other dialup providers
The management team at IVCM has extensive depth and practical, hands-on experience in acquiring broadband services; having already participated in the acquisition and integration of 13 ISPs in four Western states totaling nearly 30,000 customers with annual revenue of $6.5 million.
There are currently 3,000+ independent ISPs providing dial-up Internet access to approximately 12 million households in the U.S. The primary focus of IVCM management is to acquire the most dominate providers in this niche market and convert their customers to IVCM's fixed wireless broadband network.
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Financial Highlights For IVCM |
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State of Incorporation: NV
Fiscal Year End: March 31
Outstanding Shares: 65,675,686 as of 2004-12-31
Authorized Shares: 100,000,000 as of 2004-12-31
Market Cap (Millions) $37.435
Float (Millions) 11.0
Recent Price: $0.57
52-Week High (09/07/04) $0.57
52-Week Low (06/13/05) $0.03
Transfer Agent: Signature Stock Transfer, Inc., Plano, TX 75093
To view the latest 10Q from IVCM on the SEC Web site, CLICK HERE
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To Contact IVCM |
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6171 W. Century Blvd., Suite 130, Los Angeles, CA 90045
telephone: 310-216-7740 - fax: 310-216-7747
To visit the IVCM Web site: CLICK HERE
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