LOS ANGELES, Sept. 12 - IVI Communications, Inc. (OTC Bulletin Board: IVCM) announced today that it has met the admission requirements and has been granted permission to trade its shares on the Frankfurt Stock Exchange (FSE). IVCM was also listed on the XETRA, FSE's electronic trading system. The company's German securities code (WKN) is A0DNWJ and its trading symbol on the XETRA is I4C.
The Frankfurt Stock Exchange is the world's third largest organized exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 85 percent of the total securities volume in Germany and is the largest of the eight German stock exchanges. It ranks third in the world behind the NYSE and NASDAQ markets. It offers its clients floor trading through brokers and, since the launch of XETRA, also provides fully-electronic trading facilities.
The listing on the FSE and the XETRA provides much wider, international market access for IVCM shares. Institutional access will mainly be attained through the XETRA trading system.
Nyhl Henson, President and CEO of IVCM, commented, "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will enhance the opportunity for German and European investors to become shareholders of IVCM and should provide substantially improved liquidity in our common stock overall. I am planning a comprehensive tour to introduce the Company to money managers, institutional investors, analysts and other professionals well versed in the German Markets and to assess opportunities to expand our business."
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, market acceptance of products and technologies, competitive factors, the Company's ability to continue to secure sources of financing and 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
