OSWEGO, Ore., July 17, 2003 (PRIMEZONE) -- ICM Telecommunications, Inc. (OTCBB:ICMH), which offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals, today announced that it has retained the Southern California-based Investor Relations Network and its partner affiliates to direct its financial public relations programs. IRN will work in concert with another of the company's recently engaged consulting firms, KBK Ventures.
"As we execute our business plan, and continue our goal to build a nationwide presence, we felt this was a prudent time to begin sharing with investors at every level our goals for the future," said Doug Hamby, President & CEO of ICM Telecommunications.
"We intend to grow this company rapidly, and to maximize the return for our shareholders. As part of that process, we have retained the Investor Relations Network and its partner companies to better position us within the investment community."
"I am happy to be working with Tom and his team at IRN; we will be able to rapidly cover many areas that will enhance shareholder value," stated David Bromberg of KBK Ventures.
"We are especially pleased that the head of the Investor Relations Network, Tom Gavin, was formerly a key officer with the nation's largest financial PR firm, The Financial Relations Board, as well as a senior communications executive with current and former Fortune 500 companies such as General Dynamics, Eastern Airlines, Gulf Oil and Kennecott Copper. That depth of experience and counsel will be especially valuable to us going forward," said Hamby.
"We are honored to be working with ICM Telecommunications," said Gavin. "The company's plan to become a significant participant in the prepaid marketplace, with its broad array of products and services, suggests to us that its future is extremely promising."
The Investor Relations Network is a full-service financial public relations partnership, with headquarters in Corona, California, and additional partner offices in Irvine, Los Angeles and New York City. It provides investor relations and corporate communications programs for publicly traded and pre-IPO firms nationwide.
The number of grocery and convenience stores now featuring ICM Telecommunications' Electronic Payment & Inventory System (EPIS) has grown to 85, primarily in the Seattle/Tacoma and metropolitan Portland, Oregon markets. The company anticipates additional sales coverage extending to the northern and central regions of California in the next several months.
The company's EPIS hardware and software package enables the retailer to process a suite of services, all on the same terminal. Current products available for purchase in addition to cellular telephones include prepaid cellular telephone recharge, telephone calling cards, home dial-tone, roadside assistance and discounted prescription drug cards. The EPIS system also offers merchant services such as MasterCard transactions.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.