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.
