20M deal vs current market cap of 51K!
ISVG Introduces Telemetry as CELGE Power Company Agreement is signed. Huge Market Potential!
Business Wire, Sept 15, 2003
Business Editors/High-Tech Writers
HOUSTON--(BUSINESS WIRE)--Sept. 15, 2003
Wireless industry innovators Integrated Services Group (Pink Sheets:ISVG) announced today that Skybercorp, one of ISVG's Joint Venture Affiliates, signed a provider contract with CELGE.
CELGE is the electrical power utility provider for the capital city of the state of Goias.
Telemetry solutions provided as a part of this agreement will enable remote monitoring and control of electrical services to multi-family dwellings and for business providing small industrial electrical service. The Skybercorp call center planned for the build out in central Goias will act as a servicing center for customer service and billing.
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ISVG will integrate GPS based services and mobile business applications for the mobile workforce that work as an integrated component of the Skybercorp solution. The signing of this latest contract is one more indication of our strong growth model going forward and the expanding interest in the wireless market. The market value of this deal is over $1,800,000 USD. The total market for this service and product is estimated at 20 million over the next 2 years.
Flavio Schraibhand, Skybercorp's Executive Vice President stated "the aggressive attitude of the State of Goias and the industrial leadership has made this rapid progression of events possible. Having the tax benefits and the pro-business attitude makes all the difference in the world."
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitations, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ISVG is a non-reporting Pink Sheets company.
The affiliated efforts of SkyberCorp serve to consolidate the embedded development of the PocketPC done by ISVG and the platform and service efforts made by Intraglobis Communications. IntraGlobis Communications owns 80% the issued class shares in Skybercorp, Inc. and ISVG now holds the remaining 20% of this Nevada based corporation.
Source: Integrated Services Group www.iserv.us/
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