More news! This is FANATASTIC!!! NO WONDER NO SELLERS HERE! ICMC TO $5
May 11, 2010 07:49 ET Intelligent Communication Enterprise to Acquire THISS Technologies into ICE Communications Technologies Division
SINGAPORE--(Marketwire - May 11, 2010) - Intelligent Communication Enterprise Corporation (OTCBB: ICMC), (ICE Corp.) announced today that it is acquiring a controlling stake in the satellite communication terminals and systems developer THISS Technologies Pte Ltd. into ICE Corp.'s newly formed Communications Technologies Division.
Singapore based, THISS Technologies Pte Ltd. (THISS) has developed unique and revolutionary applications of the spread spectrum CDMA technology for use in satellite communications. This allows the use of satellite antennas of a much smaller size (cheaper, lighter satellite terminal equipment), than was previously possible. THISS' recent release of a 60cm C-band marine VSAT terminal is the first of its kind that's commercially available and has already attracted a lot of attention in the marine VSAT market. THISS already holds a number of patents for its antennas.
"Acquiring THISS Technologies is a first and significant step that is designed to place us firmly on the communications technologies map. The leading edge and revolutionary nature of THISS' work is in keeping with ICE Corp.'s technology ambitions and core values. We are excited to enter yet another fascinating area of communications with significant potential," stated Luther Jao the CEO of ICE Corp. "We are extremely optimistic about THISS' future and the positive impact it will have on our revenues and profitability," added Mr. Jao.
About Intelligent Communication Enterprise: Intelligent Communication Enterprise Corporation (OTCBB: ICMC), (www.icecorpasia.com), headquartered in Singapore, offers a range of innovative mobile marketing solutions and communications technologies. ICE Corp. operates out of its offices in Malaysia, Philippines and Singapore. Communications Technology and Mobile Marketing are two key areas of interest for ICE Corp. iCEsync is the brand name of ICE Corp.'s Location Based Mobile Services.
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
AI
