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IVI Communications, Inc. (OTCBB: IVCM) |
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Dear Reader,
StockUpTicks is pleased to update you on IVI Communications, Inc. (OTCBB: IVCM) with another positive piece of news from the company. As we've mentioned before, its CEO has been buying shares in the open market and his purchases now total 75,000 shares. Clearly, this indicates his continued confidence in the company and his enthusiasm for its business plan.
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.
Wednesday September 28, 2:30 pm ET
IVI Communications' CEO Continues to Purchase IVCM Shares in the Open Market
LOS ANGELES, Sept. 28 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM - News) announced today that its CEO purchased an additional 25,000 shares of IVCM in the open market on September 26, 2005 at an average purchase price of 46 cents ($.46) per share. This brings his total open-market stock purchases to 75,000 shares.
As IVCM further implements its expansion model and continues to demonstrate successful revenue growth, Mr. Henson expects he will continue to purchase shares.
"This is an exciting period for IVI Communications, Inc. The popularity of Lickity-Split(SM) wireless broadband in Boone, North Carolina and AppState.net's impressive growth rate are both indicative of the positive progression of the company. In addition, we are confident that the retention of Stanton Walker and Silicon Valley Law Group will continue to enhance our success," commented Nyhl Henson, CEO.
About IVI Communications
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.
Please visit our website at www.ivn.net for more information.
Forward-Looking Statements
This press release contains certain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the success of Lickity-Split(SM) wireless broadband and AppState.net, market acceptance of products and technologies, competitive factors, the Company's ability to identify suitable acquisition candidates and to acquire them on terms that are acceptable to the Company, the Company's ability to continue to secure sources of financing and other factors described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
For Investor Relations:
Blue-Sky Solutions, LLC
Stephanie Soleas
(877)4-BLUE-IR
ivcm@blueskyir.com
Source: IVI Communications, Inc.
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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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