Thursday, May 22, 2008 9:20:16 AM
SOURCE: Innovative Communications Technologies, Inc.
May 22, 2008 09:15 ETICT Releases World Free Mobile Investor Relations Document
SEATTLE, WA--(Marketwire - May 22, 2008) - Innovative Communications Technologies, Inc. (PINKSHEETS: ICTN) announces the release of the Investor Relations document defining the new World Free Mobile broadband calling product. The integrated voice and data platform is designed to connect any broadband mobile device, broadband landline or personal computer with no per minute or data charges. All other mobile devices and landline connections are expected to have the ability to connect at a projected 60% reduced cost over present mobile, VoIP and telecom carriers.
The company provided the document to stockholders and is now making it available to the public by request via email ir@ict.net.
ICT's WFM Platform will not only duplicate all functionality previously required within present disparate networks (i.e. mobile wireless communications, wire line dial tone and long distance, Internet protocol, television/cable broadcast) but as a result of blended functionality will set the stage for applications never before conceived.
About Innovative Communications Technologies
Innovative Communications Technologies is a communications specific technology development company and, since 1989, has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative has a proven track record of developing communications specific technologies within the telecommunications, media and wireless industries. Innovative owns 19% of ReelTime Rentals, Inc. (PINKSHEETS: RLTR) (www.reeltime.com), 30% of Exosphere Aircraft Company, Inc. (PINKSHEETS: EXSA) (www.exosphereair.com) and 100% of privately held ICT Private Networks and the World Free Mobile platform.
Safe harbor statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its products or services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
Contact:
Joel Edwards
Director of Business Development
Innovative Communications Technologies, Inc.
206-219-6860
Email Contact
www.ict.net
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