IPVoice Communications, Inc. Announces Intent to Acquire a Homeland Security Technology Company with a 2004 Forecast of $5 Million In Sales.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--Feb. 11, 2004 Acquisition of Digital Computer Integration Corp Puts IPVoice Six Months Ahead of Merger and Acquisition Plans for 2004 IPVoice Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IPVO) today announced entering into a Letter of Intent to acquire fifty-one percent of Digital Integration Corp (DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ). DCI is a fourteen-year-old corporation located in Plano, Texas that specializes in the development of non-standard products for use in the United States and Allied military applications as well as homeland security and public safety applications. Custom solutions have included mission critical command and control computers, emergency vehicle mobile computing solutions and WIFI systems. DCI was recently awarded a $1.5 million contract with L-3 Communications (Nasdaq:LVLT LVLT Level 3 Communications, Inc. (stock abbreviation, AMEX) ) to provide customized computing systems for the Naval Air Systems Command The Naval Air Systems Command, or NAVAIR, is the part of the United States Navy which provides materiel support for naval aircraft and airborne weapon systems, such as guided missiles. NAVAIR was established in 1966 as the successor to the Navy's Bureau of Naval Weapons (BuWeps). . "The DCI acquisition will put IPVoice six months ahead of our merger and acquisition plans," states Philip Verges, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IPVoice. "IPVoice planned to expand systems integration capabilities into Latin America and expand the current emerging communications technology specialization beyond Voice over IP into the health care and homeland security markets by July of 2004. At that time the Company planned to change its name to NewMarket Technology to better represent this emerging communication technology market expansion. The name change timing remains the same, but the market expansion is well ahead of schedule. Our recent success with new capital formation has accelerated the expansion through the acquisition of RKM RKM - Rom Kernel Manual in Venezuela, Medical Office Software in Florida and now DCI. Our recent progress in new capital formation that has supported the market expansion has been key to our success. The specific details of this innovative access to capital will be delineated soon." About IPVoice Communications, Inc. IPVoice is a six-year-old company that has reported as a research and development concern for most of its history. In 2002, IPVoice launched a new business plan, which has resulted in the Company posting five consecutive profitable quarters and establishing an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. $10 million in revenue. The Company is actively acquiring early-stage proprietary technology companies and financially distressed systems integration companies in specific global markets. In 2003, IPVoice acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Qwest Communications (NYSE NYSE See: New York Stock Exchange :Q). IPVoice plans to acquire additional companies similar to Infotel and IP Global Voice. This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the integration of Infotel Technologies into IPVoice Communications, Inc business, the ability of IPVoice to restore and stabilize the client base of Infotel and re-establish relationships with key suppliers, the development and market acceptance of the products and services of the combined companies, demand for the telecommunication and other products and related services, domestic and foreign government spending, budgetary and trade policies, economic and political changes in the domestic and international markets where the Company competes, successful deployment of advanced technologies, competitive product and pricing pressures as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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