LOS ANGELES, Dec 12 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (BULLETIN BOARD: IVCM) (German WKN# A0DNWJ) announced today that they have signed a letter of intent to acquire Arkansas based Internet Service Provider, Futura, Inc. The transaction was arranged by Stanton, Walker & Company, a New York-based consulting firm retained by the Company.
Futura, Inc is a locally owned and operated Internet Service Provider servicing Jacksonville, Arkansas since 1995. It offers many Internet services including DSL and two-way satellite, but it concentrates its efforts on dialup access that is available in over 3,000 cities nationwide. Additional information on Futura, Inc. and its services can be found on its website, http://www.futura.net/
Nyhl Henson, CEO and President of IVCM, stated, "Futura, Inc. is an attractive acquisition candidate for a number of reasons. In business for over ten years, it has a proven track record of service and success. IVCM, while focusing on regional ISP roll-ups, has aspirations on a national level. Towards that end, Futura's presence in such a large number of cities was very compelling. We think we can quickly grow revenues and achieve profitability within Futura by improving organizational efficiencies, placing an emphasis on migrating its customers to fixed wireless broadband Internet access, and offering VoIP telephony services."
If you would like more information on IVI Communications, Inc., please visit our website at http://www.ivn.net/, or contact Investor Relations at Blue-Sky Solutions, LLC, Stephanie Soleas, (877) 4-BLUE-IR,
Forward-Looking Statements
This press release contains certain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the successful consummation of this acquisition, the successful integration of Futura, Inc's operations with those of IVCM, market acceptance of products and technologies, competitive factors, the Company's ability to continue to secure sources of financing and other factors described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
