Talk Visual to Acquire 7,000 Active Pager Accounts From Pure Paging Inc., of Canada
MIAMI--(BUSINESS WIRE)--July 27, 2000--(OTC-BB:TVCP)--TALK VISUAL CORPORATION announced today the signing of a Letter of Intent to acquire the assets of Pure Paging Inc. of Toronto, Canada. Included in the transaction are approximately 7,000 active pager accounts, and an exclusive ongoing carrier service agreement with PageNet of Canada, Inc. Pure Paging supplies pagers and pager airtime service direct to customers and via a number of retail outlets in Canada, including Toys `R' Us of Canada. Talk Visual plans to continue and expand this relationship, and to develop other major distribution in Canada.
Michael J. Zwebner, Talk Visual's Chairman stated, "This new proposed acquisition of one of Canada's largest pager companies is another solid step in Talk Visual's revenue growth. It has been our stated policy to grow our business internally and through the acquisition of solid businesses around the world. Once completed, this new acquisition will place Talk Visual in the forefront of the Canadian pager business, and will help to supplement and solidify our retail operations in Canada.
Mr. Zwebner went on to state, "As part of our agreement, Talk Visual plans to make an investment of $1 million Canadian into the business to grow the subscriber base to 25,000 active pager accounts. We intend to become the foremost pager provider in Canada."
ABOUT TALK VISUAL CORP
Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad.
A list of Talk Visual's videocalling shops is at talkvisual.com. The site allows visitors to order the 4th edition of the company's impressive full-color newspaper. Talk Visual sells pagers at www.beeperforabuck.com. Information on the new Talk Visual TV225 Video-Telephone can be seen on www.thevideotelephone.com. In addition, visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Chairman's Corner latest weekly message. The Company's new FREE videocalling sign-up website service is available to public videocall rooms, private and public corporations, and individuals worldwide. The service can be accessed at www.videocallme.com.
Statements in this press release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. It is important to note that the Company's actual results could differ materially from those in any forward-looking statements, including the Company's ability to achieve a top ranking place in the Canadian pager business, the Company's ability to provide the projected $1 million Canadian in a timely fashion, or in whole or in part, in order to achieve the Company's plans to advance the pager subscriber base and the Company's ability to grow the subscriber base to 25,000 accounts. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include the risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended March 31, 2000. This release does not constitute an offer to sell securities.
CONTACT: Talk Visual Corporation
Janeth Iglesias-Vega, 305 572-0575
Info@TalkVisual.com |
