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iTalk, Inc. Enters Final Stages of Operational and Financial Reporting to Achieve Increased Capital and Future Uplisting
DELRAY BEACH, FLORIDA, (PRWEB) March 02, 2016
iTalk Inc. (OTCQB: TALK) ("iTalk" or the "Company"), a value added distributor and master agent for the wireless industry, announced today that it has recently entered final stages of operational and financial reporting to assist in hitting key benchmarks and goals on the path to fully audited financials, greater capital, and ultimately pursuing uplisting from its current listing on the OTCQB and a cleaner balance sheet.
In achieving these internal benchmarks and reporting requirements, management continues on a firm path towards fully integrating the recent acquisitions United Mobile Solutions, United Prepaid and TouchPoint, which will be seen in an increase of profitability and liquidity of the Company. Management projects the overall revenue of the recent acquisition to reach $25 million per annum this year.
Mr. David Lee, President of iTalk, said, "In the last few months we were able to make great strides forward in enhancing the Company's position and shareholder value. We have assembled a strong management team, which has implemented austerity controls and a cost cutting program that reduced our operating costs by $60,000 per month. To improve efficiencies, we have made the decision to relocate TouchPoint's refurbishing operations from Dallas, TX to Norcross GA to be managed closer and improve turn around times while reducing lead times and delays in production and procurement. We are excited to state that as of last week we are fully operational and at full capacity. We are working through a few key business developments and bookkeeping tasks that will give us freedom to move forward and allow us to make more specific announcements in the near future. This path to profitability has included debt restructuring, auditing of financials, and complete reviews of all new acquisitions. We have been been planning strategic moves that will further enhance our reach in our immediate region beginning with expansion plans into Alabama through an opportunity to acquire an existing base of customers from our distributor partner. We have also been in deep discussions with another group in Miami, Florida that could open up opportunities for iTalk with its exclusive branded store distribution. We will continue to explore these opportunities to enter into underserved markets. We are finalizing an agreement with a software company that specializes in wireless business solutions where we could potentially gain access and control of over 4,000 active accounts who are all considered customers. In addition, we have been working closely with our carrier contacts in planning our growth strategy. This strategy will include entering into new markets through both through acquisition and new store buildout with development funding support from the carriers.. This year we will grow into several new cities and key markets. We have reason to believe that our investment into our infrastructure and our reputation for execution with the carriers has positioned us to be considered as a preferred distribution partner in the rapid growth plans of the carriers. If we are able to accomplish our growth strategy in the coming months iTalk will have a national footprint". Mr. Lee also stated, "The iTalk team's goal at the end of the day is to work for the investors to create a profitable company."
About iTalk
iTalk is a full service solutions provider for the mobility industry, specializing in retail and wholesale distribution, master agent services, as well as providing turn key dealer portal and logistic solutions to our clients. We have positioned ourselves to stay ahead of the evolving mobile technology era through our focus on value added services. Through our extensive offerings, iTalk has set itself apart by implementing innovative solutions to carriers it serves. iTalk is a proud preferred distribution partner with the fastest growing Post Paid carrier in the nation as well as the number 1 fastest growing Prepaid Carrier in the nation. Through its extensive portfolio of capabilities and talent, iTalk is able to provide a turn key solution for the demands of today's wireless industry and provide value added solutions to its growing network of resellers and eCommerce driven consumers. Our foundation is built on a solid distribution network, comprising of various channels enabling us to continue to source and develop innovative products and services while quickly deploying new emerging mobile technologies and brands into the marketplace. iTalk currently employs 30 people and is based in Norcross, GA with operations in San AntonioTX, Dallas TX, the Carolinas, Georgia and Miami Florida, with planned expansion throughout the United States.
For further information regarding iTalk Inc., contact:
iTalk Inc. - Investor Relations Dept.
E-mail: investor(at)italkmobility(dot)com
Website: http://www.italkmobility.com
Forward Looking Statements: This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and iTalk, Inc. undertakes no obligation to update such statements.
Disclaimer/Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of these uncertainties.
Read the full story at http://www.prweb.com/releases/2016/03/prweb13243845.htm
© (c) 2016 PRWEB.COM Newswire
KonaRed Provides Update on its Shelf Presence at Target
5 days 4 hours 12 minutes ago - DJNF
KOLOA, Hawaii, Feb. 4, 2016 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), manufacturers of antioxidant juices, cold brew coffees and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R) coffee fruit from Kona, Hawaii, today announced that it has been selected to continue its shelf presence at over 400 select Target stores across the nation through 2016. KonaRed launched into Target in June of 2015, through placement of the Company's 16oz original beverage products onto the store shelves of Target locations nationwide.
KonaRed's President Kyle Redfield stated, "We are thrilled to continue to grow our relationship with Target. Solidifying our shelf space with Target is a significant accomplishment and a milestone for our Company. Target has been actively looking for cutting-edge products and beverages in the health-and-wellness category, and as an emerging leader in the functional Coffee Fruit category we feel this is a synergistic fit. Target has done a great job of expanding its grocery offerings and is quickly becoming a leader in this category, which makes their shelves a perfect place for KonaRed. This is a tremendous opportunity for our brand and is part of our primary focus of growing sales and distribution channels more aggressively in the coming quarters."
KonaRed's beverages and supplements are available at select Kroger, Safeway, Target, Vitamin Shoppe, Whole Foods, Food 4 Less, 7-Eleven, Ralphs, and Fred Meyer stores, as well as many other retail locations throughout the U.S., Japan and Canada
So EX COO, Kyle Redfield from POM left to take over a pump & dump? LMAO! Ignorance is bliss.
KonaRed Provides Corporate Outlook for Fiscal Year 2016
3 days 3 hours 41 minutes ago - DJNF
- Ready to Drink Cold Brew Coffee Seen as a Major Key Development
KOLOA, Hawaii, Jan. 14, 2016 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), a pioneer of the coffee fruit category and manufacturers of antioxidant juices and nutritional supplements from the unique and exclusive Hawaiian CoffeeBerry(R) brand coffee fruit from Kona, Hawaii, today provided a corporate summary on the Company's outlook into 2016.
KonaRed's management team conducted a rigorous review of all operations during the fourth quarter of 2015 with the goal of positioning the Company for strong growth in 2016. The key focus areas will be on growing the company's coffee fruit consumer packaged goods product line with leading retailers and on new strategic sales and marketing plans for its three new lines of revenue: Ready to Drink (RTD) Cold Brew Coffee, Whole Bean Coffees and Industrial Ingredients.
The marketing and sales strategy for coffee fruit beverages will build on KonaRed's existing customer base and expansion will be executed through growing the store counts in major retail chains such as Target, Kroger, Vitamin Shoppe, Ralphs, Fred Meyer and Whole Foods. In addition, the Company will look to increase its footprint at independent grocery and food retail outlets in key markets in the western United States.
The Company's banner new product, its RTD Cold Brew Coffee, will be rolled out via the same retailers that already love KonaRed products. RTD Cold Brew Coffee can be found in different parts of the store and will offer the Company additional visibility and sales within the same retail partners.
The strategy to drive whole bean coffee sales will be to establish high-end retail outlets and sales partners everywhere that coffee is currently sold. The largest opportunity appears to be in the specialty food, coffee outlets and corporate office space, where Kona Coffee is already viewed as the best coffee in the world and worth a premium price.
The company will also focus on growing sales of its new industrial ingredient division. Through a strategic supply agreement announced last November with VDF FutureCeuticals, the Company is poised be a global leader in coffee fruit by supplying high-quality U.S. grown coffee fruit to other leading food and beverage companies for use in their consumer packaged goods.
KonaRed's President Kyle Redfield commented, "The focus for the company in 2016 is very simple and that is to grow top line revenue. We have a base of business that has established us as a leader in the coffee fruit space, and the new revenue streams give us the ability to grow in different directions. We're in a somewhat unique position because we have the opportunity to grow revenue in different industries through the range of initiatives developed in the fourth quarter of 2015. We plan to take full advantage of that position this fiscal year."
About KonaRed Corporation
KonaRed(R) Corporation is the pioneer of the USA Grown, Hawaiian Coffee Fruit. The company oversees a vertically integrated supply chain starting with the highest quality Coffee Fruit from Kona Hawaii. KonaRed(R), through a licensing agreement with FutureCeuticals, Inc., utilizes innovative, state of the art, proprietary patented processes that produce and market a complete range of healthy products that showcase the Hawaiian Coffee Fruit. The line of consumer packaged goods includes antioxidant rich extracts and powders from Hawaiian Coffee Fruit, which are used to produce KonaRed(R)'s ready to drink Antioxidant Juice, Green Tea, Coconut Water, On-the-Go Packs and 100% Hawaiian Coffee Fruit Powders. The company has also launched RTD Cold Brew Coffee, plus a line of 100% Kona Coffee products which includes the coffee fruit as well. The Company was established in August 2008 and achieved its first sales in February 2009. In October 2013, KonaRed(R) went public and trades on the OTCQB under the symbol KRED. KonaRed(R) Corporation is headquartered in Koloa, Hawaii, and its distribution center is in San Clemente, California. KonaRed(R) sells its products at retail stores across the U.S., Canada, Japan and is expanding into other international markets. KonaRed(R) products are sold in select Kroger, Safeway, Albertsons, Vitamin Shoppe, Target, Whole Foods, 7-Eleven and many other retail outlets. More information about KonaRed(R) and its products can be found at www.konared.com.
Forward Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to its plans or operations. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the SEC which can be found at www.sec.gov. There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact:
Investor and Media Relations:
Robert Haag
IRTH Communications
kred@irthcommunications.com
866-976-4784
Logo - http://photos.prnewswire.com/prnh/20140617/119162
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/konared-provides-corporate-outlook-for-fiscal-year-2016-300204361.html
SOURCE KonaRed Corporation
/Web site: http://www.konared.com
(END) Dow Jones Newswires
January 14, 2016 08:45 ET (13:45 GMT)
Good Job Vike! EPGL steady as she goes.
I'm with SB on this one. The pressure and flow of current on an atomic scale... those that do get it are well informed beyond the normal of those I've tried to explain it to.
I use this one http://www.otcmarkets.com/stock/KRED/quote along with ihub's. Thanks, shorters showing their hands here.
I guess POM COO left them to come run a pump and dump? LMacornsO!
A good product on the shelf. Scam? Expensive scam... LMAO!
Paid the last convertible before conversion. Am I missing something? Shorts are her to attack again is more like it.
Still Good News For Longs! Not so much for shorties!
Sure tastes good for a scam. Must be time to short again.
They are looking into the Asian market Starting in Korea.
Very Good product. Link should tell you all you want.
https://www.konared.com/about/
EPGL cuts loose the from helicopter parent COO! Ventures to makes deals with the rest of the top companies worlwide! Coming Soon to a theatre near you!
Carry on Hayes and company! Carry on!
This has huge potential as apposed to being under the thumb of COO. Not sure why all the misinterpretation. I never was a big fan of the coo deal but rode along with it.
HUGE EPGL NEWS FOR LONGS!!!!! Not so good for the impatient shorties... :(
Now where is that checkbook gotta scoop up some cheapies!
Hau'oli Makahiki Hou! KRED'ers!
On November 24, 2015, the Company made its final payment toward the $500,000 note (the "Note") which had been issued to Solait Corp on June 5, 2015. This payment included principal and accrued interest totaling $257,890 (the "Final Payment") and followed prior payments of principal and accrued interest totaling $251,556 (the "Interim Payment"). The Interim Payment and the Final Payment were both made prior to their respective due dates and the Note is now repaid in full.
Upon receipt of the Final Payment from the Company, Solait Corp extinguished a share pledge of 3,333,333 shares of the Company which Shaun Roberts, the Company's Chief Executive Officer, had provided as security for the Note (the "Pledge") and released Mr. Roberts from the Pledge. The Company and Mr. Roberts have no further obligations to Solait Corp with respect to the Note.
This one was paid. Where is a current one? Not til next Dec.
OR is it just a fliptard dumping on the bid everytime it goes for tick up for suppression?
For the frustrated, you might want to think more about COO's role in this instead of being so frustrated with EPGL.
Hau'oli Makahiki Hou! EPGL'ers! Happy New Year!
And get rid of the whacktard that sells into the bid when there is no need to.
Ignorance is the only votes they can acquire.
It's all out there, the mainstream media sheeples are too PC and afraid of politicians, or they align with the current agenda.
LOL! I know how not to be bias and look at and listen to all the information out there. My principals don't allow me to be blindly led by a single source, or D, or R. Obama will be revered as Jimmy Carter 2.0, second communist to screw the country. Shame media is so controlled by dummicrat socialist / communist agenda, FOX included.
Hope AKS can keep kicking along. Imagine all the labor union money that will be lost to the D party.
Been trying to determine If they can keep up and return profitability.
"Our" is a plural possessive used in this instance as those who have an actual stake in EPGL as opposed to others here that do not.
Hope this helps.
Mele Kalikimaka!
Might want to check the record and expenditures on that comment.
Mele Kalikimaka me ka Hau'oli Makahiki Hou! EPGL'ers!
They can't forget the Christmas part!
Merry Christmas and a Happy New Year! EPGL'ers!
MELE KALIKIMAKA! KRED'ers
LMacornsO! Might want to call your local bbb or coc. LOL your not required to do anything with either of these private entities to have an ein or tin.
No one is requiring investors to stay locked in on EPGL.
Accum. / Distr. shows there are plenty that will fill the void.
Thanks for playing.
Mele Kalikimaka!
That is your opinion. A company can't stand around bragging about one single item. LOL probably old technology by now. geesh. They have to be forward looking at new opportunities on a regular basis. Seems as we have been over this like....uh 1000 times before or is my memory slipping?
So YOUR OPINION is that EPGL has nothing?
Will be interesting to see who wins the war of their opinions. lol
Good to hear. I enjoy their products. Still waiting to enjoy the PPS. lol
Amazing how many business savvy contributors there are on this board. We are all grateful for your contributions and wish you a Mele Kalikimaka! Yes it's that time of year again.
Not so sure they spend time on this board. And can you give us a time frame with your expertise of so many other deals of this nature / magnitude?
Only time will tell, not short expectations.
I built what I thought was a good idea for customers and it did not take off at the time. I moved on. Guess what happened almost 6-8 yrs later? That's right it's coming out of china in mass cheap low quality production.
What part of your own comment do you not understand?
That ball is in COOpers court at the moment.
My Goodness! Did you see them pay this off before it could convert?
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On November 24, 2015, the Company made its final payment toward the $500,000 note (the "Note") which had been issued to Solait Corp on June 5, 2015. This payment included principal and accrued interest totaling $257,890 (the "Final Payment") and followed prior payments of principal and accrued interest totaling $251,556 (the "Interim Payment"). The Interim Payment and the Final Payment were both made prior to their respective due dates and the Note is now repaid in full.
Upon receipt of the Final Payment from the Company, Solait Corp extinguished a share pledge of 3,333,333 shares of the Company which Shaun Roberts, the Company's Chief Executive Officer, had provided as security for the Note (the "Pledge") and released Mr. Roberts from the Pledge. The Company and Mr. Roberts have no further obligations to Solait Corp with respect to the Note.
It's why most smart investors won't touch anything under 5. I tend to like finding the 3-5 range with a few of these rolling around waiting to come to fruition.