International Telecommunications, Inc. Announces the Change to a New Name and New Trading Symbol: International Technology Systems, Inc. and OTCBB:ITYS.WEST HOLLYWOOD West Hollywood A community of southern California northeast of Beverly Hills. It is mainly residential. Population: 36,600. , Calif. -- International Technology Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITYS Itys (ī`tĭs) or Itylus (ĭt`ələs): see Philomela and Procne. ), a leading player in the Voice, Video and Data via internet Protocol markets worldwide, has announced confirmation of its new name and receipt of its new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors , currently in effect. The Company has already begun trading on the market under the new symbol, ITYS. International Technology Systems, Inc. (OTCBB:ITYS), formerly International Telecommunications, Inc., develops and markets products and services globally in video, voice and data technologies. ITYS specializes in video conferencing technologies and Voice over Internet Protocol (VoIP), as well as proprietary related electronic telecommunication technologies for commercial and residential use worldwide. "The primary reason for the name change is the company's rapid expansion of product development in diverse technological fields," said International Technology Systems, Inc., President, Alie Chang. "Our new name reflects the leadership, growth and developments that are taking us into exciting new areas of opportunity," said Chang. ITYS provides cutting-edge video communication technologies, including its patented Video Users Interface (VUI (Voice User Interface) A voice-controlled application on a computer, PDA or smartphone. A VUI is more sophisticated than an interactive voice response (IVR) system. It implies a wide range of commands rather than just voicing "yes" or "no." Contrast with GUI. ) technology and Secure Communications Node (SCN SCN Scan SCN Sustainable Communities Network SCN System Change Number (Oracle) SCN Scientology SCN Suprachiasmatic Nucleus SCN Switched Circuit Network SCN Standing Committee on Nutrition (UN) ) appliance, through its subsidiary, CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. Technology Group. VUI technology reduces bandwidth requirements for both video transmission and for producing bi-directional audio and video transmission across even a standard phone line. The SCN is an innovative appliance for use as a multi-interface video gatekeeper/PBX. CCS Technology Group is also continuing development on the Remote Medical Diagnostic System that enables health care providers to remotely access medical experts for diagnosis and treatment. Disclaimer The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and consult licensed professionals prior to making an investment decision. |
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