Innofone filed today with SEC!
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE
NEWS
FOR: INNOFONE.COM INCORPORATED
OTC Bulletin Board SYMBOL: INNF
JANUARY 12, 2000
Innofone Files Form SB2 Registration Statement with SEC
TORONTO, CANADA--Innofone.com Incorporated (OTC: INNF)
recently completed the filing of Form SB-2 Registration Statement with the Securities and Exchange Commission (SEC) in order to become
a reporting company and maintain its eligibility to trade on the
OTCBB. The filing which is in compliance with the reporting
changes implemented by the SEC in 1999 effecting all OTCBB
companies will be available on the SEC's web-site at
www.sec.gov President, Larry Hunt said "that during the filing process the companies operating division Innofone Canada, has continued to develop its next generation of bundled communications services which it will release in 2000 through several 'branded loyalty' programs across Canada." Branded loyalty programs provide
customers with an opportunity to purchase a number of consumer
services at a reduced cost to the consumer, while providing
reassurance to the consumer that the products and services are
being delivered through a trusted brand. "Credit Card companies
have been providing third party services to their client bases for
several years, but this offering of bundled communication services
will be a first," Hunt said.
"We have been developing our 'back office systems' over the last
four months and have now put together a high level development
team to roll out the new bundled services beginning in March
2000.
Innofone Canada President Charles Blaquiere has brought
structure
to the development of the new service offering, and the skill sets
he has introduced to the operation will allow Innofone Canada to
offer bundled services to numerous other loyalty programs. The
company anticipates that its current client base will be increased
to 40,000 by the end of 2000.
The launch of the new bundled service package will be unique to
the marketplace, as the entire service offering will be driven by
Innofone's exclusive "Rate and Compare(tm) " Next Generation
billing program. Included in the billing program will be Long
distance and Calling Cards, Cellular, Internet Access and Home
Security. The company also will continue to promote its
Guaranteed
Lowest Rate (GLR(tm)) program through direct sales efforts and
anticipates an enormous response to the new enhanced GLR(tm)
with
the offering of the additional bundled services.
Both the Rate and Compare(tm) and the GLR(tm) will provide
consumers with a comparison of the top three providers of each
service in the bundled offering." Innofone will compare the top
three Canadian companies in each of the services programs
offered,
(long distance and calling cards, cellular, internet access and
home security) against the consumer's monthly usage, then
provide
the consumer with a further 5% discount for post paid accounts
and
a 10% discount for pre-authorized and credit card accounts," Hunt
said.
Innofone has also been assembling an elite group of third party
vendor relationships to provide the outsourced services for the
new bundled offering. We are currently finalizing contracts with
all of our suppliers, which will allow the launch of the new
programs to begin in March 2000.
About Innofone
Innofone currently markets traditional long distance telephone
services to residential, small and medium sized businesses and
the
small office/home office (SOHO) market, offering its Guaranteed
Lowest Rate Calling program GLR(tm). Utilizing its exclusive
billing software, Innofone analyzes its customers' phone bills
each month against the rates of the three leading long distance
service providers in Canada: Sprint Canada, a division of CallNet
(Nasdaq: CNEBS), Bell Canada (Nasdaq: BCICF) and AT&T
(NYSE: T),
using Innofone's software. (Innofone is not affiliated with Sprint
Canada, Bell Canada or AT&T.) The GLR(tm) program is a
powerful
tool that Innofone uses both to keep customers from switching long
distance service and to market to new customers looking for
lowest
rates.
Innofone offers state-of-the-art voice, VOIP, fax and data
services over its Fully Integrated Worldwide Network facilities,
the company also offers wholesale ITSP services to other
Canadian
and US Telecommunications companies. Innofone's product line
includes a portfolio of state-of-the-art "virtual office" products
geared to the growing business/home office market which allows
commercial users to consolidate voice and data into a single
network with substantial savings. For additional information
visit Innofone's World Wide Web Site at innofone.com
Safe Harbor Statement: Assertions in this news release which
look
forward in time involve risks and uncertainties, including the
risks associated with the effect of changing economic conditions,
trends in the development of the Internet as a commercial medium
and carrier of telephony traffic, market acceptance risks,
technological development risks and other risk factors.
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