| [November 09, 2005] |
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IPtimize to Merge with Simmetech, Inc.; Merger Will Establish Publicly Held VoIP Solutions Provider
DENVER --(Business Wire)-- Nov. 9, 2005 -- IPtimize, Inc., a Managed VoIP (Voice-over-IP) Solutions Provider serving small and medium-size businesses (SMBs), announced today that it intends to merge with Simmetech, Inc. (OTC.PK: JGRT), a Minnesota corporation. Financial terms of the proposed merger were not disclosed.
Upon closing of the proposed merger, which is expected to occur shortly, the continuing entity shall be known as IPtimize, Inc., a publicly traded entity (new ticker symbol to be determined) possessing core operations as a Managed VoIP Solutions Provider. The company's portfolio of VoIP-based communications solutions -- including Hosted VoIP (Voice Pilot(SM)), Telephone Line Replacement (VoIP Connect(SM)) and VoIP business communication systems -- help customers improve productivity, reduce costs and minimize risks.
About IPtimize
IPtimize, Inc., a Managed VoIP Solutions Provider, offers small and medium-size enterprise customers a portfolio of VoIP-based communications solutions -- including Hosted VoIP (Voice Pilot(SM)), Telephone Line Replacement (VoIP Connect(SM)) and VoIP business communication systems -- that help customers improve productivity, reduce costs and minimize risks. IPtimize has been offering customers an innovative and unique method of acquiring technology without large outlays of capital or risks of obsolescence for nearly three years. The company is located at 4949 S. Syracuse Street, Suite 450, Denver, CO, 80237. More information is available at the company's Web site at www.IPtimize.com, or by calling 303-268-3600.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements.
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