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Press Release Source: AccessKey IP, Inc.
AccessKey IP, Inc. Announces European Joint Venture
Tuesday September 11, 9:30 am ET
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--AccessKey IP, Inc., (Pink Sheets: AKYI - News) the developer, designer and producer of advanced entertainment and communication devices, today announced that it has signed a joint venture agreement with an Italian communications and ethnic services firm, ICC Italy, Srl. According to Rich Lauer, President of AccessKey IP, "ICC Italy (Internet Communication Centers) is a rapidly growing company focused on providing communications products and services to the Italian immigrant worker community. This is a very significant market with over 3.5 million individuals currently working in Italy. A critical and rapidly growing component of the Italian economy, these workers are legal and for the most part permanent residents with significant disposable income."
Lauer continued, "We are working with ICC Italy and the firm's U.S. parent company, Torbay Holdings, Inc. (OTC BB: TRBY.OB - News) to deliver specialized IPTV services. These will include our advanced set top box technology, network and infrastructure management services, as well as ethnic content such as home-country TV broadcasts, news, sports, movies, and other entertainment. This comprehensive service offering will provide: 1) extremely cost effective VOIP (Voice Over Internet Protocol) home country telephone calling capabilities, as well as 2) access to the internet (for email, instant messaging, and video conferencing) using the integrated web browser functionality of our set top box. Initial deployment of this exciting capability is planned for the first quarter of 2008."
Alfred Settino, President of ICC Italy added, "This much enhanced communication and entertainment offering is an extremely desirable product for us to be able to offer our growing network of ethnic-oriented customers. In addition to our traditional telephone offerings, this new capability definitely provides us with a valuable new line of high margin products and services for our Italian customers. It will also substantially enhance our product offerings as we expand the ICC business into other countries in Western Europe."
About ICC Italy Srl
ICC Italy Srl (Internet Communications Company) provides communications, entertainment, and alimentary (specialized food and liquor) products and services to the ethnic immigrant worker communities in Italy through an extensive network of retail and wholesale distribution points. With over 3.5 million permanent resident workers in Italy today, this community is rapidly growing (CAGR 28%) and has become an integral component of the Italian economy.
A wholly-owned subsidiary of U.S. based Torbay Holdings, Inc. (OTC BB: TRBY.OB - News), ICC Italy Srl is headquartered in Montova, a city in the Lombardy region of Italy.
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms.
AccessKey IP's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR INVESTOR INQUIRIES: Please visit the Company's website www.accesskeyip.com, or contact: Bruce Palmer, 310-734-4254, ext. 105.
Contact:
AccessKey IP, Inc.
Bruce Palmer, 310-734-4254, ext. 105
www.accesskeyip.com
--------------------------------------------------------------------------------
Source: AccessKey IP, Inc.
Not directly related but, interesting....
FCC Chair Promotes Post-Digital TV Rule
Tuesday September 11, 5:42 am ET
By John Dunbar, Associated Press Writer
FCC Chair Wants to Force Cable Industry to Service Analog TVs Even After Digital Switchover
WASHINGTON (AP) -- Here's the pitch from the cable TV industry: One way or another, all subscribers will still be able to tune in their favorite shows when broadcasters shift to digital-only transmission in 2009.
Seeking more than a promise, Federal Communications Commission Chairman Kevin Martin wants commissioners to require cable companies to provide that service.
"Unless the commission acts, some cable customers may actually be harmed by the transition and lose the ability to view some of these channels," Martin told The Associated Press on Monday.
The FCC, which is scheduled to meet Tuesday, has been split over such a proposal in the past but may be moving toward a compromise.
The greatest impact of the digital conversion will be on viewers of non-digital televisions who receive their signals over the air. Beginning Feb. 18, 2009, they will be forced to buy a special converter box, subsidized by the government, to receive their channels.
The impact of the shift on the nation's cable subscribers is less certain.
Today, cable television system operators receive broadcast feeds in analog and digital format. Come Feb. 18, 2009, broadcasters must stop supplying the analog signal. That creates a problem for the cable industry's 32 million analog subscribers.
Cable operators can either convert the digital signal to analog at the point where their cable signal originates, or they can supply customers with a "down converter" device that will change digital signals to analog at the TV set.
This is essentially what the FCC wants to force the industry to do, under Martin's proposed rules.
Last week, the National Cable and Telecommunications Association launched a $200 million advertising campaign to assure customers that the shift won't affect them. "Every TV set you have that's hooked up to cable will work just fine," happy customers intone in a TV spot.
What the commercials do not say is how the industry is going to manage the transition, something that concerns Gene Kimmelman, federal affairs chief for Consumers Union. "It is astounding that they're telling their customers 'don't worry, we're taking care of you' without telling them at what price."
NCTA spokesman Brian Dietz said analog consumers will not be charged more when the transition occurs. Nor will they be forced to sign up for a more expensive digital service.
The NCTA has committed to doing what the FCC is asking, but is resisting the mandate, a position Kimmelman calls "disingenuous."
The NCTA says what the FCC is doing violates the industry's constitutional rights.
"We've said we will voluntarily take care of our customers, which is different than a government mandate," Dietz said.
Dietz said a government-ordered transition would deny the thousands of cable system operators the flexibility they need in managing the transition.
Kimmelman credited the industry with launching the ad campaign, but said the government should assume an oversight role.
"I think there are some sticks that can be placed over their heads to try to ensure that they don't take advantage of their customers," he said.
To see the ads: http://www.ncta.com/dtvspots
FCC's digital transition Web site: http://www.dtv.gov
trying to stay positive, yes there is a change in price,
hopefully this will pan out, let not let this drop get to us...bid and ask is still 0.011 and 0.016...
not sure whats happening, but hopefully it keeps the uptrend we have seen since june....tomorrow is another day
i think they are waiting for the sep 15 deadline, where the transaction is complete....
i am not sure where ur going with this, but i am just stating that, this thing can run up to 4 or 5 cents...not pumping or bashing...just giving an opinion...whether the market cap is 100 million or 10 million, at this stage of this company, it makes no difference to me, its still a pink, and it can go anywhere, up or down...
every investment in a pink sheet company is 100% risk, because the key figures for a company dont mean anything....its just a matter of how much risk you want to take, and how much money you want to put in...
i guess only time will tell the direction it will head to...
i agree with u partially,
i have seen companys with no viable business plan, with a bigger float, with a higher share price
yes we have no product, or sales at the moment, but we are dealing with paper money here...stocks such as akyi are purely on potential rather than product...not getting defensive over this company, but they can have a good run to 4 or 5 cents easily in the next 4 months... thats good enough for most people to break even or narrow their loses...
personally i believe there is something there, as in a real product to introduce....shares have been hit badly, but the growth potential can be huge...if shares go upto 5 cents or so, thats almost 500-600% gains, since june.....can this company hit 5 cents realistically...yes, is this company worth that much, maybe not....
well yes hopefully they will grow and succeed with this new plan...i have to admit, i didnt see this coming, i was expecting some sort of merger/buy out from akyi to by trby's shell....but if they want to work to companys, then thats great...hope this works out for everyone...
if it did what it did 18 months ago, going from 2 cents to 14, i dont think anyone would be complaining....even if it goes back down...not in it for the short term, but, i am holding since the days of 8 and 10 cents a share...and it would be nice to get some of that back, if u know what i mean...
okay cool , just checking, i thought i missed somethin, pr wise...but i agree with u, there is an uptrend....i think mid september, based on trby last 8-k release we should see some bigger movement
why do u say that
side note here, did u know ponzi was italian...LOL....
i know i am not sure either, you would have thought the price would have went up on this pr, i mean even akyi, kinda settled, and dropped a little bit...i think there is stuff in the works that we dont know about....i have to admit i was super pumped that finally akyi/trby might be on to something...but once i saw that they want to generate 1 million, in three months, on a project thats not establised yet, was kinda hesitant....i am not saying its not possible, and i am not wishing that it wont...but, i am nervous about this, and not in a good way....
must wait and see, we need some more prs....with some good details, from akyi....
like the ponzi scheme...if so, then i have....
i would agree there with you, but i can see the cost of running the business to be high....i am not sure, they need set a store up and see how it is received...atleast they got italian people trying to deal with an italian market...thats a good start...i am just not too sold on the idea...by mid to end september we should see how well these stores will be receieved, as i believe one should be open....
they see something...i am actually a bit shocked at this whole thing, i was expecting a bigger move...this company technically is working of the akyi product line....
so now akyi will say they have signed a contract, with technically a company they have financial interest...not sure how this will pan out..unless there is a huge demand for this service they will be providing in italy, then i am worried...
thanks
no they havent,
if i may ask, how did they get your phone number, through the broker, or have u talked to them before....hmm thats kinda weird, i wonder if they are trying to see if people have shorted the stock....i would assume they know who they shareholders are...did they ask how many shares you had, and do u remember who contacted you, was it rich, or some one else...
sorry very curious
well, its a dip, i wouldnt saying we are going DOWN...lol, going down is like we are at 0.006....
any ideas where we are heading this week?
ummm, whats up with the share price? not complaining, but really whats going on...
not sure what u guys are refering to
well, i hope so, i mean, there has been some positive movement, and some good volume, not sure if its speculative buying or part of the buy back...either way it looks good that the price and volume are picking....
i think if it keeps going up at the rate it is, then u know something big is cooking up inside the company....i personally think the management, has not tried to cover anything up at this stage of the game, and i am believing that something is in the work....
i know there is a lot of people, saying, same old news, nothing really oustanding is be released...i completely agree...but this movement, this volume, and the investment in trby....means something is coming up....it may lead to a good run, or it may fizzle out....not sure, but these are exciting times....lets hope we get a product release and a good run...
í am not sure whats happening with this stock specifically...i know akyi, has had some good movement in the last couple of months, now whether this is just speculation or actual internal activity who knows....i think once akyi release more concrete info and the recent uptick in both price and movement, trby will follow suit...i think if trby price stay in line with akyi, then there is some sort of buy/share exchange, plan going on....trby investors are nervous, nothing is being explained by management, kinda sucks....but i am hoping by early mid september, some one cracks and says something....
need a solid pr, csi distribution deal or accesskey vault distribution...that will push it past the 5 cent mark...expecting about at 25%-30% jump in share price when the buy back is complete, based soley on the reduction of stock....not sure when all this happen....but since june, the stock has had some positive movement
no offense taken, i dont take anything personal, we are here to learn, not to make sure our individual opinion is the correct one...
i just think that with this long wait, they, akyi have sorted some thing out...market is waiting and expanding for iptv distributors, access key and vault in my opinion are great products....i would like to see them or use them, but i love the concept....
ur right, we have seen this before, but i can see that, since last year, i am assuming they have built on the initial product base, and ready for a newer better product to be released...thats what i am basing it on....i am believing there is internal progress in the company, but who knows...
well i only say three or four months, becuase i know akyi has been dead for the last 7 months....the wheels have just started spinning again, and i know when they say soon to something....they mean 1-2 months....so from their side, i dont see anything happening until mid september, possible contract release the earliest would be mid september....
meaning any move for trby, would happen after they take off...
also, share buy back is important thing to note....once that happens expect some sort of share swaping or dividend giving, possible to trby shareholders....
it really is in the hand of rich lauer...he is an advisor on nutmeg, and president/ceo of akyi/trby....its only a matter of time, before the wheel starts to spin, i am giving it atleast a month...as for now i think trby, is just an empty shell...wait for akyi to dictate the moves..once again, just my opinion
well, i dont know, not trying to be pumping akyi, but i can see them take this stock back upto the 5 cent range, in 3 or 4 months....if what i think will happen is going to happen....not sure what everyone bought at, but akyi, so far has been straightforward and direct, very slow, but havent seen too much variations from whats been said, and whats been done...
not sure, i guess we will have to wait and see
to be honest, from what i see, i dont think that the mouse and tom are involved that much....if they are, they wouldnt have paid for the shell and got tom out...
i am not sure but, i think tom and designer appliance are an entity on their own now....tecknocreations is, akyi long awaited product line involving game consoles accessories, ipod accessories (which they have previously sold)...i dont know, i have a gut feeling that tom is out...cause the mouse doesnt really fit akyi plan....but who knows....i am only speculating, not trying to be negative at all....just my thoughts...
well not sure about tanking...
i think now that it is technically in the hand of akyi, whether people want to admit it or not..president and ceo hold opposite position in both companies...
my assumption all along and still standing by it, is that akyi will do something to take out trby shell...that is the cheapest way for them to get bullitien board status..
now from my experience with this company, they are some what truthful with what they say....i.e plans really dont defer too much from the prs....they are not really about diluting shareholder value, so i dont see them weeding out any trby shareholders...i have given it alot of thought on how they will do this, and one way which they hinted today was, tecknocreations becoming a public company...so, wild wild wild stretch here...trby may become tecknocreations...or, akyi takes out trby shell...leaving the old akyi to become tecknocreations...
this is possible the only shuffle that i can see them do, to keep all shareholders happy, without incuring damage to anyone, including their so progress so far...if not, then what is the point in investing in trby as an empty shell...what is in it for them....cleary the mouse or whatever trby had previously wasnt strong enought or had potential to decline the nutmeg/alchemy offer...
anyone have any thoughts, i know it sounds far fetched...but its is not, i dont think...it can be possible..
i think, as i have said before, that akyi wil buy out the shell, as they are looking for better trading status...wouldnt be surprised, if they make a move in september...just my opinion though...
yes that was expected, hopefully in next month , we should hear from both companies what is happening....the companies have been quite for some time now, especially akyi, ben quite for over 12 months, so its exciting to see some sort of news or movement...
thanks guys, for your responses....hopefully we will see something positive soon...
I agree, no idea on whats happening...both companies, should just release a pr saying something about the restructure. Akyi is pursing european efforts, and opening a california office...honestly, just set out the domestic contracts, release info on the involvment with trby, and then go forward....i hate when they play these games...just makes me think, the truth is not being told and we as shareholders are being played....i know thats the risk of investing but, really how long can u drag something on for......
sorry just expressing my frustrations....
News Release Sunday 6:00pm Aug 12....
sounds interesting, but i am still looking for domestic contracts...pr is very short...i think they are just putting
something out to hold us over...i am not expecting anything
sold until early september....i hope this is not the reason for
the increase in the share price, cause it just may fizzle...i hope i am wrong...
any thoughts
ok mark k has taken over rich lauer old job at AKYI, not sure, if its becuase of the morph mouse...i really think they are trying to market their own products first....not being biased towards akyi, but what they have is huge, it can bring in 100 of millions a year...
i am still not sure what the deal with trby and akyi, but i am assuming still its a shell purchase...
i am not sure if tom was on this board before, but if he was, i think an update would be great...
i think it relates to the contracts for the usb accesskeys that akyi are producing and distributing for pcs and hd/ip tv
thats just what we are being told, as well as ipod accessories, and game console accessories
sorry u mentioned new company, what new company has 91 million shares
thats my theory all along, akyi, buys out, merges, whatever term they want to use, with trby, so they can aquire the shell for over counter status...akyi has been very quite on what is happening...now they are quite with whats happening regards trby, and quite with whats happening within...aka their own awaited contracts.
there is accumalation on behalf of akyi, but this may not deal with trby...maybe with the new office and potential release of contracts.....if i had to put my money down, i see akyi coming out on top of the two companies....with a restructure in stock (including a buy back), and issuance of some share to current trby share holders)....only my opinions...
i hope more people can get in this discussion, the silence is killing me,
i have been with akyi for over a year and a half...the products that we are waiting for are access keys, (usb keys) that plug into your computer to deliver hd tv over the internet...other products, are access key vaults (usb keys) used as encryption for pcs...meaning without the usb key the user can not turn the computer on....these are the two main products that we are waiting for....
the communication side of it, i believe is the triple play sets, internet/phone/tv set top boxes.....
original akyi, bought out a cable station, and they were going to deliver tv channels world wide in 36 languages over the internet with the use of their patented technolody...delivery hd quality via internet....as u can see there are alot of issues with this project, as it cross over and break licenses and agreements and distribution contract from network...i.e big telecom will lose money through this efficient and cheap deliver of tv channels....so they were kinda shut down, and instead becoming a compeptitor, they decided to be oem manufacturers to deliver such content...i.e making triple play set top boxes, making access key (usb) to encrptyt computers data, and to act as a remote to the iptv market.....so at this stage we are waiting for contract to be released...they said they will release contract within the first half of 2007, and that is what they are relaasing in their pr.....
as for the link with tryb, george stevens and rich laurer, they have invested in trby...and in personal belief, its for the shell of the company...they have been wanting to get off the pinks for a while now...so i see a possible merger maybe september or so, before release contracts....i am not sure honestly what trby has to offer akyi...business models are different, and product lines are different...thus my only assumption is that, they are interested in the shell....
akyi invests in trby, merges, possibly gives trby shareholders a dividend on akyi...akyi, reduces its float, and releases the long awaited contracts....just what i think is happening, if anyone else knows anything or likes to share please let us know.....i know people on this board are aware, but they are told to keep quite...i think it would be a good idea to let the thoughts out in public, it will only generate interest in both companies....