GoIP CEO Ike Sutton Releases Letter to Shareholders
Discussion Updates Shareholders, Speaks to Substantial Opportunities and Growth Amidst Recession
May 11, 2009 10:12:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 05/11/09 -- GoIP Global, Inc. (PINKSHEETS: GOIG) today released a letter to shareholders from Ike H. Sutton, Chief Executive Officer, providing investors with management's vision for the company in 2009 and beyond.
Dear GoIP Shareholder,
I would like to take this opportunity to thank you for your support during the recent uncertain economic environment. While our government has begun to take massive action and signs of improvement have emerged, GoIP has remained focused on its goals. For the past two years, GoIP has been developing and building Mobile Communities for Enterprises, a concept of marketing via mobile phones. This concept has been endorsed by major companies nationwide and has been touted as the future of media marketing. In reality, as with many new media developments, adaptation of Mobile Media has been slower than anticipated due to economic conditions and enterprise budgets cuts. Therefore, due to the unsteady business climate, GoIP embarked on securing new product lines to complement GoIP's expertise in marketing and to generate immediate revenues while still enabling GoIP to remain committed to its business plan. To that end, we have recently signed two exclusive distribution agreements with two highly regarded companies with patented products and services.
First, as announced in April, GoIP is offering Xit Poll(TM) wireless survey device to enterprises under an exclusive nationwide distribution agreement with Cleva Technologies LLC.
Xit Poll(TM) utilizes cellular technology to allow enterprise's management to connect wirelessly with Xit Poll(TM) terminals positioned nationwide. Through a user-friendly web-based data management system, the enterprise has the ability to upload customizable survey questions and receive/analyze customer insights in real-time. In today's market, the ability to capture customer data and react instantly is critical to corporate decision-makers to help ensure that resources are invested appropriately. Xit Poll(TM) is extremely easy to use and set-up, making it a breeze to deploy to branch locations throughout the country. GoIP is offering the Xit Poll(TM) terminal free of charge in combination with an affordable two-year service contract. Customizable designs combined with store incentive programs help encourage even the busiest customers to register their responses.
GoIP is currently in discussions and/or Beta testing Xit Poll(TM) with various Fortune 500 enterprises, including, but not limited to:
-- Financial Institutions: BOA, Chase, Citibank, Sovereign Bank, Wells
Fargo Bank, HSBC.
-- Hotels: Hyatt, Holiday Inn, Marriott.
-- Pharmaceutical companies: Novartis, Johnson & Johnson.
-- Research companies: Nielson, Gallup Poll, TNS.
-- Drug Chains: Rite Aid, CVS
-- Retailers: Wal-Mart, Target, Sears, Foot Locker.
-- Auto Dealers: Lexus, Toyota.
-- Fast Food Chains: McDonald's, Wendy's, UFood.
Second, GoIP recently entered into an agreement with DMI Manufacturing, Inc., a Pennsylvania-based company, to exclusively distribute their American-made, patented, power saving unit. This unit, when installed in a home, provides a universal solution to a myriad of electrical waste and inefficiency issues. The patented technology features a state-of-the-art control module transformer that monitors, stores and distributes the proper amount of electricity to each operating load within an electrical system. What this translates into is a monthly electric bill reduction of 11% to 30% and a reduction in the amount of electricity used and wasted. The unit is installed by a licensed electrician directly into the home circuit breaker panel, improving harmonics and power correction and acts as a surge protector for the entire house, protecting computers and big screen TVs. The unit has been endorsed by studies by Wilkes University and Lehigh University and is supported by the Benjamin Franklin Fund.
GoIP's projections for 2009 calls for the sale of 10,000 power saver units (yet to be branded) through home improvements centers, such as Home Depot, Lowes, electrical supply stores, hardware stores and service professionals, such as air-conditioning, pool, and refrigeration service centers. This will set the groundwork for mass distribution of the units in 2010. The 7 pound, 4'x4" unit will carry a suggested retail of $350. A GREEN consumer product that conserves energy, saves consumers money and employs Americans will certainly be a hit in today's economy.
Based on these two new products, GoIP is anticipating 2009 revenues to exceed $2 million and for GoIP to be cash flow positive in the 4th quarter of 2009. Currently, there are approximately 73 million common shares outstanding, which include 26 million common shares in the float. In the upcoming months, GoIP plans to launch a new web site, open new offices in New York City, become a reporting SEC compliant company and move from pink sheets to bulletin board.
GoIP's management is dedicated to building shareholder value and is optimistic that share value will grow as revenue grows. Our stock trades on the Pink Sheets under the ticker symbol "GOIG.PK." I welcome any suggestions and/or comments from shareholders, especially from shareholders that have contacts or resources that can be leveraged to assist in the expansion of our sales and marketing efforts. Please drop me an email at isutton@goipglobal.com and, in the future, updated information on GoIP will be sent directly to you by email. Thank you for your support.
Sincerely,
Ike H Sutton, CEO
May 11, 2009
About GoIP Global, Inc.
GoIP Global offers a range of services, solutions and tools for brands, agencies, content providers, online portals, entertainment and media companies. GoIP has both creative experience and the technical Knowledge to connect mobile marketers with their audiences by means of interactive campaigns and mobile content distribution. GoIP Global offers brand and content customers great flexibility in creating mobile marketing campaigns and applications. GoIP is offering Xit Poll(TM) under an exclusive nationwide distribution agreement with Cleva Technologies LLC. For additional information, visit www.goipglobal.com and www.xitpollsurvey.com.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the Company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the Company's periodic filings.
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