Press Release for One Voice Technologies Inc
Financial News USA: Viper agreement with Global eScience and One Voice corporate update
8/21/2003 10:52:58 AM
Aug 21, 2003 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA -- Global eScience Corporation announced recently that it has signed an agreement with Viper Networks Corp. (VPER) to utilize its IP network services and products in providing alternative IP long distance services to Global eScience e-linkUSA broadband wireless customers. Global eScience CEO Virgil Hentz commented, "Viper Networks team approach, quality IP telephony products and cost effective network termination services fit "hand in glove" with our strategic plan to join with "Best of Breed" suppliers as we develop and serve each market segment within the transportation and travel industry," with our e-linkUSA wireless services.
Viper Networks COO Ron Weaver commented, "Global eScience, has developed it's e-linkUSA wireless service for the Transportation and Travel industry which fits into our business model remarkably well as the exclusive supplier of USB Phones and network termination service to Global eScience."
One Voice Technologies, Inc. (ONEV) chairman and CEO Dean Weber, recently issued the following corporate update: "Since our last corporate update we now have two letters of intent to be signed, one with a carrier in Latin America and another with a PC manufacturer. With the carrier in Latin America we are negotiating the terms of a subscriber rollout of MobileVoice. Regarding the PC manufacturer we are negotiating the bundling of a voice interactive computer.
We anticipate executing at least one, if not both, of these letters of intent shortly. Regarding the Fortune 50 Company that has evaluated our enterprise system, we are still waiting for final approval from the carrier that will host the system and anticipate having approval shortly. Regarding funding, One Voice is in the process of closing an additional round of funding from our current investors and anticipate closing this funding within the next few days.
Greenland Corporation (GRLC) has filed recently its Form 10-QSB quarterly report for the period ended June 30, 2003. For the three-month period ended June 30, 2003, the Company reported revenues of $203 thousand on PEO billings of $9.3 million. For the six-month period, revenues were $400 thousand on PEO billings of $10.7 million. In January 2003, Greenland established operations devoted to professional employment services ("PEO") through which the Company provides a broad range of services associated with staff leasing and human resources management through its wholly-owned ExpertHR(TM) subsidiary. The Company reported an operating loss of $687 thousand for the 3-month period compared to an operating loss of $783 thousand in the prior year period. Operating losses were $963 thousand for the 6-months ended June 30, 2003 compared to an operating loss of $1.6 million in 2002.
Greenland had a net loss of $657 thousand (less than $0.01 per share) for the 3-month period versus a net loss of $1 million ($0.18 per share) in the second quarter of 2002. Year to date, Greenland's net loss was $912 thousand (less than $0.01 per share) compared to a net loss of $3.4 ($0.71 per share) million for the 6-month period in the prior year.
Hy-Tech Technology Group, Inc. (HYTT) announced recently that it has restored $700,000 in assets to its balance sheet from an investment in weComm, Ltd of London, United Kingdom. The investment was originally recorded as a loan to weComm and reserves had been taken against it at the end of the last fiscal year, prior to new management's arrival. Documents have now been exchanged confirming the conversion of the loan to an investment as part of a private investment round led by a UK venture capital firm. Accordingly, following confirmation and verification by the Company and its auditors, and subject to normal impairment tests at each subsequent year-end, the asset will be restored to Hy-Tech's Balance Sheet, and the $700,000 investment will be reported on the Company's next quarterly report, effective for the period ending August 31, 2003.
Reality Wireless Networks, Inc. (RWNT) announced recently that it has arranged the immediate retirement of 40 million issued and outstanding common shares. Victor Romero, President and member of the Board of Directors, stated that, "the share retirement represented a significant step in moving the Company forward on behalf of its shareholders in its preparation for merger with privately held ICC Internet." Reality Wireless announced its intention to merge with ICC Internet Company on August 1st. ICC Internet Company is a next generation communications services and systems provider for businesses in major metro areas of northern and southern California and Dallas, Chicago, New York, Houston, Austin, San Antonio, Atlanta, Las Vegas and Phoenix with current monthly revenues of $525,000 and monthly EBITDA of $60,000 with a projected annual run rate of $6,000,000 revenues and $700,000 EBITDA. Following the common share retirement, the Company will have 52,729,897 shares outstanding, a reduction of 43% of the current outstanding float.
About Financial News USA
Financial News USA is a Next Generation Financial Communications firm that is performance driven and has a proven track record of award winning success. We can enhance the liquidity of your stock by using a unique approach to the mass distribution of news releases through our proprietary wire service program. Our services include but are not limited to OTCBBWire service, GlobalWire services, Copywriting services to help you create news worthy press releases, and Investor Relations and Venture Capital services to assist you if you are looking for more customers or funding. Our goal is to create a long-term relationship with you and your company so we can work together on a regular basis to raise your stock price where it deserves to be. Financial News USA and its affiliates have up to a 4.9% equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com.
CONTACT: Financial News USA Tel: +1 626 961 8041 e-mail: info@financialnewsusa.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD |
