ICMH ICM Telecommunications Enters Into New Funding Agreements with Di
ital Communication Services and The Duncan Group to A
ICM Telecommunications Enters Into New Funding Agreements with Digital Communica
ion Services and The Duncan Group to Accelerate Growth Plans
Business Editors
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--ICMH--
ICM Telecommunications, Inc. (OTC Pink Sheets:ICMH), a
rapidly growing provider of prepaid pin-based products through its
EPIS Point of Sales Activation (POSA) terminals, today announced that
it has entered into new funding agreements with Garden Grove,
California-based Digital Communication Services (DCS), and The Duncan
Group, a privately held investment company based in Carson City,
Nevada, that will provide access to new capital to accelerate its
growth plans in five key areas, including Washington, Oregon, Northern
and Southern California, and Arizona.
"Access to these funds ensure that we can accelerate our sites of
service in all these areas," said ICM Telecommunications CEO Doug
Hamby. "Our partnership with Digital Communication Services, which for
the past three years has been focused on servicing the pay phone
industry in Washington and Oregon, will now permit them to benefit
from ICM's suite of services that will offer its products and services
as well, and now will involve further funding commitments from DCS. In
the case of the Duncan Group, we have entered into a purchase and
leaseback program with that firm that will permit us to tremendously
increase our ability to penetrate new markets in Northern and
Southern California, and Arizona.
"This new funding will enable us to have as many as 300 service
sites up and operating in the first quarter of this year alone," said
Hamby. "In the second quarter we expect to launch 300 more, increasing
to 500 additional sites in the third quarter, and at least 250 more by
the final quarter of this year. By year's end we will have more than
1,300 sites of service, cross-marketing goods and services, and
positioning ourselves for the next step - the penetration of the
Southwestern United States in 2005, especially the lucrative New
Mexico and Texas marketplaces," he continued.
"ICM's POSA terminals now offer proprietary and universally
accepted VISA cards, proprietary long distance calling cards, with
extremely favorable rates worldwide, especially to Mexico, prepaid
cellular phone minutes with major carriers, faster processing and
delivery of POSA pin numbers and direct collection of funds, and our
already extremely competitive merchant service program, which has
strong acceptance in our existing marketplace.
"With all these positive developments to help to fuel our growth,
and to move to the next level, and advance to trading on the OTC
Bulletin Board, we continue our discussions with several funding
sources," Hamby noted, reiterating his earlier estimate that near term
the company is seeking approximately $1 million in new working
capital.
Statements contained in this release, which are not historical
facts, may be considered "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and the current economic
environment. We caution the reader that such forward-looking
statements are not guarantees of future performance. Unknown risk,
uncertainties as well as other uncontrollable or unknown factors could
cause actual results to materially differ from the results,
performance, or expectations expressed or implied by such
forward-looking statements.
KEYWORD: WASHINGTON TEXAS OREGON NEW MEXICO NEVADA CALIFORNIA ARIZONA
INDUSTRY KEYWORD: TELECOMMUNICATIONS MARKETING AGREEMENTS
SOURCE: ICM Telecommunications, Inc.
CONTACT INFORMATION:
ICM Telecommunications, Inc.
Doug Hamby, 503-534-3663
*** end of story ***
"i'm just a happyidiot,struggling for that legal tender" jackson brown> 
