IPVoice Communications Inc Featured In Wall Street Reporter.com Interview; CEO Verges Discusses Company's Rapid Growth and Acquisition Strategy
WEDNESDAY, DECEMBER 17, 2003 12:24 PM
DALLAS, Dec 17, 2003 (BUSINESS WIRE) -- IPVoice Communications, Inc. (OTCBB:IPVO) today announced that its CEO, Philip Verges, was interviewed by Wall Street Reporter. The direct link to the IPVoice Communications interview is http://www.wallstreetreporter.com/profiles/IPVoice.html and will be available through December 24.
Verges was interviewed by senior analyst Todd Santorelli on the rapid growth exhibited by IPVoice Communications over the past year. The interview highlighted the companies' revenues increasing from about $1 million in 2002 to $3 million in 2003, with the company booking five consecutive profitable quarters. With two recent acquisitions, the company sees a minimum of $8 million revenue for 2004, with revenue being substantially higher when new contracts and acquisitions are taken into account. The company's business plan of growing revenues organically and through strategic and synergistic acquisitions accretive to earnings was discussed. Recent management additions of communications and technology veterans also were detailed.
About IPVoice Communications Inc.
IPVoice is a six-year-old company that has reported as a research and development concern for most of its history. Just over one year ago, IPVoice launched a business plan to reinvent itself. Since then the Company has posted five consecutive profitable quarters and has booked over $2 million in revenue. The Company is actively acquiring early-stage proprietary technology companies and financially-distressed systems integration companies in specific global markets. In addition to the Infotel acquisition which brought the IPVoice annualized revenue rate from $2 million to over $7 million, IPVoice recently announced the acquisition of IP Global Voice, an early stage emerging technology company led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). IPVoice plans to acquire additional companies similar to Infotel and IP Global Voice.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the integration of Infotel Technologies into IPVoice Communications, Inc business, the ability of IPVoice to restore and stabilize the client base of Infotel and re-establish relationships with key suppliers, the development and market acceptance of the products and services of the combined companies, demand for the telecommunication and other products and related services, domestic and foreign government spending, budgetary and trade policies, economic and political changes in the domestic and international markets where the Company competes, successful deployment of advanced technologies, competitive product and pricing pressures as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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KEYWORD: TEXAS INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING SOFTWARE HARDWARE COMPUTERS/ELECTRONICS
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