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IVI Communications, Inc. (OTCBB: IVCM) |
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Dear Reader,
StockUpTicks is pleased to bring you a breaking news from IVI Communications, Inc. (OTCBB: IVCM). If you've been following IVCM, you already know that it has been enthusiastically received by our readers and others in the market - having risen dramatically over the past month.
IVI Communications is an interesting example of the re-emergence of some Internet sectors now making waves with a new technology twist. Savvy investors of the Internet stock boom days are looking for substance rather than just the latest no-revenue, web-based startup. With this in mind, it is impossible to ignore the relentless rise of wireless Internet access. Regular StockUpTicks readers know our pronounced affinity for wireless as we’ve published on the subject often. We firmly believe that wireless Internet and data transmission exemplify the perfect marriage of social and business impact that will exceed even the ubiquitous mobile phone.
So take a moment to read today's breaking news from IVCM (below). 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 September 26, 4:00 pm ET
IVI Communications, Inc. Announces Municipal Wireless Broadband Consulting Agreement & Equipment Sale
LOS ANGELES, Sept. 26 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM - News) announced today that its wholly owned subsidiary, Internet Business Consulting, Inc. ("IBC"), also known as IBC Wireless has been selected as the exclusive wireless systems integrator by the City of Roper, NC to design, procure, and install a fixed wireless network to serve the township's citizens and surrounding areas
Jim Hollis, President of IBC Wireless stated, "This is a highly visible project in the state of North Carolina and is being watched by other cities and counties across the Southeast as a model to resolve the 'digital divide' that exists in economically disadvantaged rural areas. These communities have been underserved by the telcos and cablecos -- IBC will deliver a carrier class wireless system that is less expensive and much faster to deploy than traditional wired solutions."
Roper is the home of "Windows On The World E-CDC" -- or "WOW" -- a facility that was funded with grants from USDA and HUD, through the North Carolina Division of Community Assistance. The Center is a collaboration between the Town of Roper, Washington County, Beaufort Community College, Elizabeth City State University, and East Carolina University. The Technology Center is a major resource for computer literacy, public Internet access, and technology training for labor force readiness. Through distance learning, Beaufort Community College, ECU and ECSU can utilize the WOW as their "virtual campus." Citizens in Washington County, and surrounding counties, for whom distance has been a deterrent to higher education, can now pursue degrees online.
Nyhl Henson, President and Chief Executive Officer of IVI Communications, Inc. stated, "This is a unique opportunity for IBC to demonstrate its ability to offer turn-key wireless integration solutions outside of its traditional market of Internet Service Providers. Roper represents the largest municipal wireless operator that IBC has assisted and highlights its focus to become the Southeast's premier wireless solutions partner. IBC's staff is among the best in the nation in wireless engineering, design, installation and support, not to mention their intellectual capabilities in bridging and routing. We anticipate our relationship with the City of Roper will open many new doors in assisting other municipalities."
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 the project with the City of Roper, market acceptance of products and technologies, competitive factors, 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) $15.205
Float (Millions) 11.0
Recent Price: $0.22
52-Week High (09/07/04) $0.40
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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