EX-99
3
exh99-1.txt
99.1
Exhibit 99.1
IVI COMMUNICATIONS, INC. ANNOUNCES THE ACQUISITION OF NORTH CAROLINA ISP
Los Angeles, California, February 2, 2005 PR Newswire-First Call- IVI
Communications, Inc. (OTC Pink Sheets: IVCM-NEWS) announced today that the
Company has completed the acquisition of AppState.net, an Internet Service
Provider located in Boone, NC.
AppState, (www.appstate.net) was founded in July 1999 to serve the students of
Appalachian State University, with an enrollment of 14,000, as well as business
and residential customers of Boone, with a population of 13,472. IVCM acquired
AppState from Internet Business Consultants (IBC) after utilizing the Boone
market and its student population in a joint test market exercise to design the
fixed wireless broadband Internet access service that IVCM will market under a
national brand.
Nyhl Henson, CEO of IVI Communications stated, "This acquisition marks the
launch of our business plan that calls for the acquisition of small locally
branded dialup ISPs in strategic tier-three markets across America to facilitate
the deployment of a nationally branded fixed wireless broadband network. There
is pent up demand for broadband Internet access throughout rural and underserved
America that we plan to serve".
Jim Hollis, President of IBC, who was recently honored by Part-15.org as its
Wireless Internet Service Provider Consultant of the Year, stated that, "The
acquisition of AppState by IVCM allows each organization to focus on what it
does best; IVCM has the necessary expertise to operate locally branded ISPs
while IBC can now focus on its core business, which is to engineer, install, and
support revenue generating and cost reducing wireless applications and
solutions".
Charlie Roodenburg, COO of IVCM stated that "While AppState is currently
profitable, it has relatively low market share. IVCM management sees a
significant opportunity to increase revenue and profit through the expansion of
services and aggressive marketing with particular emphasis on our fixed wireless
broadband product".
IVCM is currently in negotiation with multiple acquisition candidates throughout
the United States that match the Company's criteria for dialup cash flow and
fixed wireless broadband potential.
About IVI Communications, Inc.
IVI Communications' first objective is to acquire up to 50,000 dialup
subscribers in strategic tier-three markets across America. IVCM will operate
the ISPs under the local brands but implement administrative centralization to
achieve economies of scale and to generate cash flow. In conjunction with the
acquisition of dialup ISPs, the Company will launch a nationally branded
wireless broadband service.
It is the Company's goal to grow up to 250,000 subscribers over the next three
years through both aggressive marketing and ISP acquisition. The Company plans
to significantly increase revenue through conversion of many of its dialup
customers to its nationally branded fixed wireless broadband service.
Safe Harbor
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934.
Statements contained in this release that are not historical facts may be deemed
to be forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
Contact:
IVI Communications, Inc.
6171 W. Century Blvd., Suite 130
Los Angeles, CA 90045
p 310-216-7740
f 310-216-7747
www.ivn.net
-----------
Source: IVI Communications, Inc.

EX - 99 3 exh99 - 1 . txt 99 . 1 Exhibit 99 . 1 IVI COMMUNICATIONS , INC . ANNOUNCES THE ACQUISITION OF NORTH CAROLINA ISP Los Angeles , California , February 2 , 2005 PR Newswire - First Call - IVI Communications , Inc . ( OTC Pink Sheets : IVCM - NEWS ) announced today that the Company has completed the acquisition of AppState.net , an Internet Service Provider located in Boone , NC . AppState , ( www.appstate.net ) was founded in July 1999 to serve the students of Appalachian State University , with an enrollment of 14,000 , as well as business and residential customers of Boone , with a population of 13,472 . IVCM acquired AppState from Internet Business Consultants ( IBC ) after utilizing the Boone market and its student population in a joint test market exercise to design the fixed wireless broadband Internet access service that IVCM will market under a national brand . Nyhl Henson , CEO of IVI Communications stated , " This acquisition marks the launch of our business plan that calls for the acquisition of small locally branded dialup ISPs in strategic tier - three markets across America to facilitate the deployment of a nationally branded fixed wireless broadband network . There is pent up demand for broadband Internet access throughout rural and underserved America that we plan to serve " . Jim Hollis , President of IBC , who was recently honored by Part-15.org as its Wireless Internet Service Provider Consultant of the Year , stated that , " The acquisition of AppState by IVCM allows each organization to focus on what it does best ; IVCM has the necessary expertise to operate locally branded ISPs while IBC can now focus on its core business , which is to engineer , install , and support revenue generating and cost reducing wireless applications and solutions " . Charlie Roodenburg , COO of IVCM stated that " While AppState is currently profitable , it has relatively low market share . IVCM management sees a significant opportunity to increase revenue and profit through the expansion of services and aggressive marketing with particular emphasis on our fixed wireless broadband product " . IVCM is currently in negotiation with multiple acquisition candidates throughout the United States that match the Company 's criteria for dialup cash flow and fixed wireless broadband potential . About IVI Communications , Inc . IVI Communications ' first objective is to acquire up to 50,000 dialup subscribers in strategic tier - three markets across America . IVCM will operate the ISPs under the local brands but implement administrative centralization to achieve economies of scale and to generate cash flow . In conjunction with the acquisition of dialup ISPs , the Company will launch a nationally branded wireless broadband service . It is the Company 's goal to grow up to 250,000 subscribers over the next three years through both aggressive marketing and ISP acquisition . The Company plans to significantly increase revenue through conversion of many of its dialup customers to its nationally branded fixed wireless broadband service . Safe Harbor This release includes forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934 . Statements contained in this release that are not historical facts may be deemed to be forward - looking statements . Investors are cautioned that forward - looking statements are inherently uncertain . Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including , without limitation , ability to obtain financing and regulatory and shareholder approvals for anticipated actions . Contact : IVI Communications , Inc . 6171 W. Century Blvd. , Suite 130 Los Angeles , CA 90045 p 310 - 216 - 7740 f 310 - 216 - 7747 www.ivn.net ----------- Source : IVI Communications , Inc .
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