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IVI Communications, Inc. Signs Joint Venture Agreement With TeleMedium, Inc. to Provide Branded VoIP Telephony Services on Its Lickity-Split(SM) Broadband Network
LOS ANGELES, Oct. 12 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (BULLETIN BOARD: IVCM) (German WKN# A0DNJW) announced today that it has signed a joint venture agreement with TeleMedium, Inc. to provide branded VoIP Telephony Services on its Lickity-Split(SM) Broadband Network.
TeleMedium provides e911 compatible end-to-end voice over IP (VoIP) solutions for xSPs seeking entry into the lucrative VoIP arena. Its hosted business and residential solution allows service providers to cost effectively and reliably deliver VoIP solutions.
Nyhl Henson, President and Chief Executive Officer of the Company stated, "The foundation of IVI Communications' business plan is the acquisition and operation of locally branded Internet Service Providers (ISPs). Our partnership with TeleMedium will facilitate our commitment to providing VoIP telephony services to our Lickity-Split(SM) broadband customers."
Noel Morgan, President of TeleMedium said, "We are committed to delivering superior network and service management products and solutions that enable service providers to introduce new services, manage convergent networks and maximize their business success and profitability."
Charlie Roodenburg, IVCM's CFO stated, "The VoIP services provided by TeleMedium represent an opportunity to generate incremental revenue from existing broadband customers who add VoIP services to their access plan."
About IVI Communications
IVI Communications, Inc. 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. The Company utilizes the Boone market and its student population as a test market for new services that will be marketed nationally. The Company currently generates revenue of over $3 million annually.
The Company 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 the Company 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 http://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 Company's rollout of VoIP telephony services on its Lickity-Split(SM) broadband network, the rate at which existing broadband customers add the VoIP services to their access plans, 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
IVI Communications, Inc.
CONTACT: Stephanie Soleas of Blue-Sky Solutions, LLC, +1-877-4-BLUE-IR,ivcm@blueskyir.com
Web site: http://www.ivn.net/
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