InteleCom Receives Letter of Intent from Israel for Purchase of 5,000 COIP Technology Adapters and 5,000 Cell Phones
On Tuesday May 26, 2009, 8:45 am EDT
INDIANAPOLIS--(BUSINESS WIRE)--InteleCom, Inc. (OTC: IECM - News) (www.intelecomplus.com), is located in Indianapolis, IN, and has been a leading provider of international Voice over Internet Protocol (VOIP) communications and is now the First Monetized Social Platform, My Social Income (MSI), whereby over 50% of the advertising and sales revenue from its two flagship products, the Web 2.0 Communication Suite and the Web Marketing Suite, are shared with its members.
Recently InteleCom announced the introduction of “1 Button to WiFi”, an adapter that allows one to make cell phone calls internationally for only pennies per minute. The company recently followed that press release with an announcement that they will soon be selling a new “1 World 1 Phone” cell phone with advanced features.
Last week it was announced that over 75 national and international leaders have signed up to sell InteleCom’s products. In addition to direct sales, InteleCom just received a Letter of Intent from Advance Services in Netanya, Israel to purchase 5,000 adapters and 5,000 cell phones. There are 7.5 million cell phones in use in Israel and they all call internationally from time to time. Advance Services is in the process of getting import licenses and working with the Israeli Ministry of Communications. Advance Services believes it can sell 40,000 of each device in the next 12 months.
InteleCom recently issued a press release forecasting in excess of $30,000,000 in revenues for 2009. This forecast is based on revenues received from the sale of both the “1 Button to WiFi” adapter and their new “1 World 1 Phone”. The Company plans to sell them as a combo unit for $499.00, which is the current retail price for most cell phones in the marketplace. In addition, the customer receives over 5 hours of international calling that comes with the adapter. InteleCom believes it can sell five to ten thousand units per month within a ramp up period of three months. Positive cash flow is realized with only 1,000 combo units per month.
For additional information on how to become a member of My Social Income, the First Monetized Social Network, go to www.mysocialincome.com or www.mysocialincome.biz.
About InteleCom, Inc.
InteleCom, Inc. is an 11 year old company that has provided value added telecommunication and technology products, including Internet phone service through its other division InteleFone. This service, which also works on dial-up, is rated at the highest level for voice quality and clarity because of its advanced dynamic bandwidth-dependent voice packet packaging technologies.
For additional information on how to become a Member of MySocialIncome.com, the First Monetized Social Network, go to www.mysocialincome.com or www.mysocialincome.biz.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbor protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
InteleCom, Inc.
Shawn Balaghi
Investor Relations
702-940-9844
investors@intelecomplus.com
