iTalk Inc. signs Letter of Intent to acquire Global Toll-Free Service Provider My800online, Inc.
FT. LAUDERDALE, Fla., June 3, 2013 /PRNewswire/ -- iTalk Inc. (OTCQB: TALK) (OTCBB: TALK) ("iTalk" or the "Company"), a global provider of advanced communications and mobile broadband services, is pleased to announce that it has signed a Letter of Intent to acquire My800online, Inc., an established global residential and business toll-free telephone service provider.
"Through this acquisition, we plan to increase our cloud based product coverage to provide our existing and new customers with more of the necessary tools and capabilities to effectively compete in a rapidly expanding technology marketplace," stated David F. Levy, Chief Executive Officer of iTalk Inc. "Not only does the expansion into toll-free services benefit existing and new customers of iTalk, but it also builds upon and strengthens all other aspects of the iTalk global communications business in general. We look forward to completing this and several other complementary acquisitions in the near future."
The successful acquisition of My800online would add another high-demand global communications tool to the growing iTalk family of telecom products and services. Once considered a novelty, toll-free telephone numbers are now a staple of business communications strategies to garner new customers and retain existing ones. The use of a toll-free service will enhance business productivity and increase customer satisfaction by allowing customers to reach the business anytime, anywhere, and at no charge. Research has clearly shown that toll-free numbers build credibility with consumers - 90% of Americans say they use toll-free numbers on a regular basis - 86% of customers will associate a toll-free number with the quality of the business products or services.
This potential acquisition remains subject to, among other things, iTalk Inc. and My800online, Inc. completing customary pre-closing due diligence and entering into a Definitive Agreement. The Definitive Agreement is expected to be signed by all parties on or before the end of June 14th, 2013. There can be no assurance that any transaction will be completed as proposed or at all.
Established in 2005, My800online delivers the highest quality toll-free service with unmatched features to consumers and businesses worldwide with the convenience of routing calls to any landline or mobile phone anywhere. The company is committed to providing customers with quality solutions and superior customer service. My800online is committed to exceeding customer expectations and offers our customers a 100% satisfaction guarantee. Visit www.My800online.com for more information.
iTalk, Inc. (OTCQB: TALK) is a publicly traded global provider of advanced communications and mobile broadband services. The Company utilizes innovative and disruptive technologies, including Voice-over-IP (VoIP), nationwide 3G/4G mobile broadband networks, smartphones, and mobile applications ("apps") to offer consumers the highest-quality low-cost no-contract alternatives to voice, data, and mobile services from major national carriers. Through our access to an extensive network, iTalk is able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities. iTalk's current and planned products, services, and brands include, RocketVoIP.com, (www.rocketvoip.com), 1-800-GET-VOIP, ITG long distance calling cards, iData 3G/4G Mobile Broadband, iTalk Unlimited Nationwide Talk, and the iTalk iPod Touch Sleeve smartphone adapter. For further information, visit www.italkmobility.com.
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Disclaimer/Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic.
SOURCE iTalk Inc.