IPVoice Communications Inc. Announces Summit Meeting March 24th in Dallas with Presidents of Four Recently Acquired Companies and RKM IT Solutions.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--March 16, 2004 Meeting to Update 2004 Forecast, Identify Cross Selling Opportunities and Plan to Integrate and Leverage Operational Efficiencies IPVoice Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IPVO) today announced the first summit meeting of the presidents and chief financial officers of all four recently acquired companies and RKM RKM - Rom Kernel Manual IT Solutions, headquartered in Caracas, Venezuela. IPVoice and RKM anticipate finalizing the RKM acquisition before March 31, 2004. Over the last six months, IPVoice has acquired IP Global Voice headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Infotel Technologies headquartered in Singapore, Medical Office Software headquartered in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. and Digital Computer Integration based in Plano, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. . This acquisition campaign is part of a plan to launch emerging Internet Protocol (IP) Communication Solutions across the Telecommunications, Healthcare and Homeland Security markets. "IPVoice has established a market presence in the Telecommunication, Healthcare and Homeland Security markets through merger and acquisition," explained 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. "We have similarly established a market presence in Latin America and Asia. The cumulative market presence represents an overall $15 million in 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. revenue. Our forecasting to date has only included the sum of the individual business opportunities. This summit meeting will result in an updated forecast that includes the cross sales and marketing opportunities across all five organizations and three geographic regions - North America, Asia and Latin America. This planning and integration meeting will initiate the necessary process of leveraging the operational efficiencies which can be achieved through the cross-leveling of resources across the five organizations." 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 $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). The Company recently acquired Medical Office Software Inc. (MOS (1) (Metal Oxide Semiconductor) See MOSFET. (2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from ) diversifying its communications technology offering into the healthcare industry. IPVoice plans to acquire additional companies similar to Infotel, IP Global Voice, and MOS as part of an overall plan to continuously launch emerging communication technologies. 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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