IVI Communications, Inc. Completes Transition to the Over The Counter Bulletin Board11 October 2005
IVI Communications,
Inc. (OTC Bulletin Board: IVCM) (German WKN# A0DNJW) is pleased to announce
that the 30 day transition to the Over The Counter Bulletin Board is now
complete. As previously announced, IVCM was approved for trading on the OTCBB
on September 8, 2005.
Within the 30 day transition period, only one market maker (in this case,
Pennaluna & Company) was allowed to enter company quotations on the OTCBB.
The 30 day transition period ended on Friday October 7, 2005, which allowed
additional market makers to begin to enter IVCM quotations and accept orders
to buy and sell stock on the Over The Counter Bulletin Board this morning.
"IVI Communications embraces our new trading venue because we feel the
transition goes a long way in helping to build value for all of our
shareholders. Stock quotes can be more readily accessed and we should enjoy a
more efficient market for IVCM securities," says Nyhl Henson, CEO IVCM.
About The OTC Bulletin Board(R)
The OTC Bulletin Board(R) (OTCBB) is a regulated quotation service that
displays real-time quotes, last-sale prices, and volume information in
over-the-counter (OTC) equity securities. Securities quoted on the Bulletin
Board are subject to filing requirements with the Securities and Exchange
Commission.
About IVI Communications
IVI Communications, Inc. (IVCM) currently has two wholly owned
subsidiaries, Internet Business Consulting, Inc. and AppState.Net. IBC is a
leading provider of turnkey wireless networks that has the expertise required
to engineer, install, and support wireless applications and solutions.
AppState.Net is an Internet Service Provider founded in July 1999 providing
wireless and dialup Internet access to the Appalachian State University town
of Boone, NC. IVCM utilizes the Boone market and its student population as a
test market for new services that will be marketed nationally. IVCM currently
generates revenue of over $3 million annually.
IVI Communications will continue to implement its plan to acquire,
consolidate and profitably operate locally branded ISPs that will offer state
of the art dialup, Lickity-Split(SM) wireless Internet access, and VoIP
services to residential and business customers. Through consolidation,
economies of scale are achieved and profit is maximized. As more compelling
content becomes available, the management of IVCM believes that the demand for
broadband services will increase dramatically. ISPs having a track record of
success in broadband will not only retain customers by converting their
dialup customers to broadband but will acquire new customers who migrate from
other dialup providers.
Please visit our website at http://www.ivn.net for more information.
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 following:
(i) we cannot be certain that any new market makers will decide to accept
orders to buy or sell our stock, or that the one existing market maker for our
stock will continue to do so, (ii) we cannot be certain that we will be able
to maintain our trading and quotation status with the OTCBB, (iii) we cannot
be certain that our status with the OTCBB will result in a more efficient
market for IVCM securities holders, and (iv) 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.
For Investor Relations:
Blue-Sky Solutions, LLC
Stephanie Soleas
(877)4-BLUE-IR
ivcm@blueskyir.com
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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