Glad you asked because that is a very good question! What does TALK have to TALK to us about!
(1) 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 non-GAAP operating costs by $60,000 per month.
(2)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.
(3)In our effort to reach profitability, we have engaged in debt restructuring, auditing of financials, and complete reviews of all new acquisitions.
(4)We have 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.
(5)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.
(6)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.
(7)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 build out with development funding support from the carriers.
(8) This year we will grow into several new cities and key markets.
(9)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.
(10)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.”
David was previously CEO of Inzon Corporation and was responsible for developing a proprietary VoIP technology. Prior to joining Inzon, David was founder and CEO of SubMicron Systems Corporation, a NASDAQ-listed, worldwide semiconductor technology leader. David funded the company with a personal investment of $48,000 and leveraged it into a $176 million global business entity with 1,000 employees, three international plants, and ranking fourth largest in its industry.
Mr. Levy is listed in Who's Who in the Midwest, Who's Who in Leading American Executives, Who's Who Registry Platinum Edition and Who's Who Registry of Global Business Leaders. In 1992, Mr. Levy was accorded the Entrepreneur of the Year Award, Atlantic Division, an annual honor organized by Inc. magazine, Merrill Lynch and the accounting firm of Ernst & Young.
Mr. Levy graduated in 1969 with a BSME degree from Potificia Universidad Catolica, in Rio de Janerio. Mr. Levy then went on to earn his MBA from John F. Kennedy University, in California, graduating in 1979. David and his wife, Luciene are active in several South Florida charities.
David K Lee iTalk New President
David K. Lee has more than a decade of experience in the wireless industry. Following initial sales experience with a regional wireless wholesaler, and then an MVNO - David built one of the fastest growing distribution markets in the US. In 2007, he established a prepaid payment terminal business that grew to 1,000 stores with annual revenues of more than $30 million. In 2009, David launched Cell Phone Depot, later to be renamed CPD Mobile. Capitalizing on a high rate of acquisitions, David began expanding the company’s overarching capabilities and, in 2013, renamed the business United Mobile Solutions (UMS). David’s ability to consistently visualize his company six months into the future is driving the company’s expansion into a multi-national business.
