InvestorsHub Logo
Followers 11
Posts 926
Boards Moderated 0
Alias Born 04/15/2005

Re: None

Friday, 11/03/2006 10:53:28 AM

Friday, November 03, 2006 10:53:28 AM

Post# of 326351
NeoMedia Telecom Agrees to Take Over Service Bureau Business from Key Customer
Business Wire
English
(c) 2006 Business Wire. All Rights Reserved.

FORT MYERS, Fla. & CALGARY, Alb. - (BUSINESS WIRE) - NeoMedia Telecom Services, a provider of services to the telecommunications industry and a business unit of NeoMedia Technologies, Inc. (OTC BB: NEOM), announced today that the signing of an agreement with MPGC, Inc., of Dallas - one of its biggest customers -- to take over part of its U.S.-based business.

NeoMedia Telecom will now work directly with customers previously serviced by MPGC, an aggregator of telecom services. NeoMedia Telecom will provide these customers -- service bureaus in the U.S. -- with networks and billing services, as well as offer them other business solutions and services.

NeoMedia Telecom anticipates that revenues from the previous MPGC customers could be as much as $2.5 million over the next 12 months.

About NeoMedia Telecom

NeoMedia Telecom ( www.tritonglobal.ca ), including its majority-owned Triton Global subsidiary, is a business unit of NeoMedia Technologies, Inc., and is a leading provider of network access, billing, clearinghouse and information management services to the telecommunications industry. NeoMedia Telecom helps its clients improve services and profitability by enabling them to streamline their operations and make quicker, more informed business decisions.

About NeoMedia Technologies, Inc.

NeoMedia Technologies, Inc. ( www.neom.com ), is a diversified global company offering leading edge, technologically advanced products and solutions to its clients developed out of market-identified needs. From mobile marketing to telecom services to auto rejuvenation, NeoMedia delivers powerful end-to-end solutions built upon its solid family of patented products and processes, and management experience and expertise.