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September 08, 1999 11:40
Kensington and Mail Call Announce a Joint Marketing
Program
MINNEAPOLIS, Sept. 8 /PRNewswire/ -- Kensington International Holding Corporation (OTC Bulletin Board: KNSC) and the Internet company, Mail Call, Inc., of Miramar, Fla., of which Kensington owns 36%, announced today that Kensington will finance a joint marketing program for Mail Call's telephone E-mail retrieval system.
Kensington and Mail Call expects the users of its services to be businesses, governmental agencies, and consumers. These people are often on the move and cannot access their computer but they do have access to a telephone.
Kensington's existing customers are Fortune 1000 businesses and they are natural customers for Mail Call. Based upon initial contacts, Kensington's customers have liked the fact that its employees could access their E-mail by phone and respond by pre-written text, FAX, or in their own voice.
In addition, Kensington's existing customers were impressed with the low cost of Mail Call's service and that they
would only be charged for the time that their employees used Mail Call's service.
E-mail has emerged as a universal communications medium. A recently completed study (1998) by Nielsen Media Research and CommercialNet estimated that there were 79 million people in the United States, over the age of 16, using the Internet.
The July 1999 issue of Business 2.0 magazine, page 149, stated that 3 percent of the world's population uses the Internet (171,200,000 people). International Data Corp. estimates that that number will increase to a billion users by the year 2010.
Ron Schnell, President of Mail Call, Inc., stated that he was very encouraged by Kensington's commitment and looked forward to working with Kensington on this new marketing program.
Kensington has completed phase two of its stock purchase of Mail Call, Inc. and is completing phase three of the acquisition, at the completion of which, Kensington
should own over 50% of Mail Call, Inc.
Mail Call ( mailcall.net ) uses advanced text-to-speech technology to read E-mail over a telephone without a computer. The user may respond to the E-mails by selecting from one of four pre-written responses or by using their natural voice, right on the phone. The user may also fax a message to a designated fax machine from the phone.
Kensington also announced that its Annual Shareholders Meeting is scheduled for 1:00 PM-CDT on Saturday, October 9, 1999. The meeting will be held at the Company's headquarters located in the Interchange Tower, room 205, 600 South
Highway 169, Minneapolis, Minn. 55426. The record date was August 10, 1999.
The preceding statements are made pursuant to the Private Securities Litigation Reform Act of 1995, as amended, in order for the Company and Mail Call, Inc. to
avail themselves of the "safe harbor" provisions of that Act, as amended. Certain
statements in this release and the Company's and Mail Call, Inc.'s financial
projections that are not historical fact constitute "forward-looking information." Such
forward-looking information involves known and unknown risks, uncertainties and
other factors, which may cause the actual results of the Company and Mail Call,
Inc. to be materially different from results expressed or implied by such
forward-looking information. Such risks, uncertainties and other factors include, but
are not limited to: customer demand not meeting expectations; lack of consistent
supply of hardware and software to service demand; lack of adequate distribution
markets; the inability to generate enough cash to service operations; the loss of
the right to resell or use other products; adverse economic conditions; intense
competition; inadequate capital; unexpected costs; lower revenues and net income
than expected; loss of customers; price increases; failure to obtain customers; the
possible acquisition of a new business or products that do not perform as
anticipated; inability to carry out marketing and sales plans; changes in interest
rates; inflationary factors; inability to meet customer demand and other specific
risks that may be alluded to in this press release or in other reports issued by the
Company or Mail Call, Inc.
SOURCE Kensington International Holding Corp.
/CONTACT: Mark Haggerty, President of Kensington International Holding
Corporation, 612-546-2075, 612-512-8451 fax, mark@mailcall.net, or Ronald
Schnell of Mail Call, Inc., 954-437-4199 ext. 606, ronnie@mailcall.net /
/Web Site: mailcall.net /
(KNSC)
KENSINGTON INTL
HOLDING CORP - KNSC
Price
1 1/2
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1 5/8
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1.437
as of
09/08/99 12:06 PM
EDT |
