FT. LAUDERDALE, Fla., May 21, 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 executed a Letter-of-Intent to acquire the 1-800-GET-VOIP vanity toll free telephone number and related domains GetVoip.TV, 800GetVoip.com, 1-800-Get-Voip.com and 800-Get-Voip.com from Softline Studios, LLC.
"Until now there has not been a truly dominant brand connection to VoIP service. Our new 1-800-GET-VOIP brand will be used to launch a new retail Voice-over-IP subscriber-based telephone service targeted to compete head-to-head with VoIP industry leaders like Vonage®," commented David F. Levy, Chief Executive Officer of iTalk Inc. "iTalk is planning to commit substantial financial resources to promoting the new brand and just like 800-Pet-MEDS®, 1-800-FLOWERS®, and other unforgettable household names, we envision 1-800-GET-VOIP will become the brand name synonymous with global VoIP services."
Mr. Loren Stocker of Vanity International said, "David F. Levy is a VoIP visionary for recognizing that memorable phone number and domain name integrated brands have been proven to be able to generate up to twice the TV and four times the radio direct response sales compared to traditionally branded consumer products and services. I believe his choice of the easy-to-spell and remember, 1-800-GET-VOIP toll-free vanity phone numbers and matching domain names will help him achieve his VoIP marketing goals like 1-800-FLOWERS has done to make their business successful."
David F. Levy concluded, "We now have the brand name needed to propel the most affordable VoIP service to the masses in the U.S., Canada, and eventually throughout the world. More news regarding our official 1-800-GET-VOIP launch date, service features, and aggressive residential and business rate plans will be forthcoming."
This potential acquisition remains subject to, among other things, iTalk Inc. and Softline Studios, LLC completing customary pre-closing due diligence and executing a Definitive Agreement. The Definitive Agreement is expected to be signed by all parties on or before the end of May 24th, 2013. There can be no assurance that any transaction will be completed as proposed or at all.
At iTalk, we are a mobile communications company using innovative and disruptive technologies to offer consumers a high quality cellular alternative while severely undercutting all major national carriers. Our lead product is the iTalk Sleeve, which when combined with an iPod Touch, our iTalk mobile app, and our aggressive pricing plans, provides consumers with a No Contract, High Voice Quality, and Lowest Price in the industry alternative to traditional cellular coverage. We will continue to search out and develop innovate products and services that will reduce consumers monthly voice and data charges while providing them with additional functionality. Through our access to an extensive network, we are able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities.
For further information regarding iTalk Inc., contact:
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.