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WorldGate reports receipt of official notice of certification from ACN for digital video phone.

M2 EQUITYBITES-25 August 2010-WorldGate reports receipt of official notice of certification from ACN for digital video phone(C)2010 M2 COMMUNICATIONS

WorldGate (OTCBB:WGAT.OB), a provider of digital voice and video phone services and next generation video phones, said on Tuesday that it has received official notice of certification and technical acceptance of the Ojo Vision digital video phone from ACN.

As a result all conditions have been cleared for ACN's commitment to purchase 300,000 Ojo Vision video phones from WorldGate on an OEM basis.

The phone is sold as the IRIS V by ACN.

ACN signed an agreement in April 2009 to purchase a minimum of 300,000 Ojo Vision video phones to be marketed and sold by ACN's global network of independent sales agents.

WorldGate said that last quarter it shipped over USD7.8m of Ojo Vision phones to ACN under this contract, with thousands more units being ordered and shipped to ACN each month.

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Publication:M2 EquityBites (EQB)
Date:Aug 25, 2010
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