Cyberads' Agreement with Inphonic.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 25, 2003 Cyberads, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD), a leader in online marketing and activation of cellular phone services, has, as previously reported in the Company's Annual and Quarterly Report, executed a Marketing Agreement with Inphonic, Inc., effective March 2003. The agreement provides for Inphonic to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. delivery of cellular phone products when Cyberads' online customers purchase a cellular phone service plan, as well as, Customer Service, Marketing and IT support. Inphonic is a leading provider of wireless voice and data communication solutions to enterprises, online businesses, national retailers and end-users. Inphonic creates and manages online platforms for their customers to enable their end-users, including employees, members and customers, to purchase wireless devices and services. As a result of the Inphonic agreement, Cyberads has been able to significantly reduce expenses by outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. Order Fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , Sales and Customer Service. Management believes that the overall effect of the Inphonic agreement is a substantial reduction (approximately 76%) in staffing levels. Chairman, Lawrence Levinson, said: "Cyberads, Inc. has experienced a 40% increase in gross margins in the 2nd quarter. The cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold was decreased from $100 per sale to $0 as Inphonic has assumed responsibility for equipment purchase and order fulfillment." About Cyberads, Inc. Cyberads utilizes an affiliate-driven, Internet based marketing platform to secure new cellular phone service subscribers for several of the country's leading wireless telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. providers. The Company has formed promotional affiliations with hundreds of companies and websites to offer online consumers a free cell phone product when they purchase a cellular phone service plan. Since inception in November 2000, Cyberads has received over 30 million visitors to its application page on the Internet (found at http://www.freecellular.com) and activated and delivered over 76,000 cellular phones. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the company's existing network will be implemented or accomplished, are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are based upon information available to the Company on the dates of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its network due to lack of capital or an inability to identify acquisition candidates, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. |
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