Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. The Company markets a wide range of software, hardware, enterprise solutions and technology services. The Company develops and markets new applications and services using the mycomPRO(R) brand name, and as a private label. The Company's technical services include technology security, networking, ISP and co-location.
Could easily hit .55 52w Hi on low volume and chart not to bad too...
Mycom Introduces National Wireless Internet Access Service (1-18-06)
Mycom Group, Inc., a software sales and professional technology services company, whose stock is traded on the over the counter market (OTCBB:MYCM), announced its national introduction of mycomPRO(R) Wireless Internet Access Service.
This new MycomPRO service will be marketed to businesses and organizations throughout the US. MycomPRO WIAS provides design, configuration, installation, maintenance, repair, replacement parts, and monitoring of wireless Internet connections.
For a fixed monthly fee, organizations can add wireless and hot spot services and have an SLA that guarantees availability at an efficient cost. The service will be VPN powered by Cyberguard(R), and Broadband powered by best-in-class providers from 256X128 up customized to meet the individual needs of the client.
The service package will be available for installations from 2 to 250 wireless hot spot locations (contracts for installations requiring more than 250 hot spots will also be offered under a different pricing model). A 24X7 Help Desk and timely on-site repairs will be provided at no additional charge.
Mycom's Chairman, CEO, Rob Bransom stated, "We are introducing a new Hot Spot Service that will have no big up-front costs and the solution can be customized. The service will be monitored, and bandwidth performance statistics will be provided."
Bransom continued, "We are targeting the rapidly growing market of retailers, businesses and healthcare organizations that want and need secure or open wireless internet access. It will be sold by our Broughton International software sales group which is experienced in working with national accounts and businesses of all sizes. This new service product provides a one source solution and complements our established solution selling model. We believe this will provide Mycom a big business opportunity during 2006."
Mycom will market the service and has formed a strategic alliance with Contingent Network Services to provide installation, and on-site services.
Contingent Network Services specializes in providing complete network solutions tailored to the specific needs of each Client. The company is dedicated to providing world-class information technology products and services with a focus on exceeding customer expectations. Contingent designs, deploys and supports various types of infrastructure solutions for Clients throughout North America including: WAN, LAN, Wireless, Servers, Desktops, Structured Cabling and backs up their service with a Lifetime Workmanship Warranty. For additional information:
The Mycom Group, Inc. is a software sales and professional technology services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com. For additional information contact:
Mycom's Broughton International Sales Group 800-536-7539 or info*mycom.com
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
Mycom's Broughton International Sales Group, 800-536-7539 info*mycom.com
Source: Business Wire (January 18, 2006 - 11:57 AM EST)
posted
JUST RECEIVE THIS EMAIL FROM CEO. I LIKE WHEN THEY RESPOND TO MY EMAIL. I FEEL MORE CONFIDENT ABOUT THIS COMPANY NOW.
Dear Investor:
I am responding to you on behalf of the Mycom Group, Inc. We appreciate your interest and investment in the Mycom Group.
With all of the controls and regulations on disclosure, it is difficult for public companies to correspond or discuss the business with individual investors. I will however, seek to answer some of your questions by referring you to excerpts and information from some of our recent press releases.
Recently, we announced the signing of a twelve month agreement with First Financial Bank, which provides about $1,000,000 of operating capital credit with a $650,000 line of credit for working capital and a long term note and credit cards totaling $349,000. The Bank financing agreement follows several actions taken by Mycom during the second half of 2005 to restructure the Company's financing, reduce debt and improve working capital.
On 9-28-05 Mycom announced the Company's two top officers, agreed to forgive $536,370 of the $905,502 Notes payable to them. This debt originated in 2001 when the individuals sold their interest in Broughton International, to the Mycom Group. For the balance of the Notes owed to them they will receive, over a period of the next 24 months, Mycom stock, cash payments, and Notes totaling $369,132. The forgiveness of debt is part of an overall restructuring plan to strengthen the Company's balance sheet and overall financial position.
The Company also recently restructured terms with three of its' largest suppliers. The new trade credit limits and extended payment terms provided by these suppliers' totals over $500,000. In conjunction with procuring terms with its largest vendor, the Company has also converted about $338,000 of accounts payable to a 15 month Note, to further maximize the Company's cash flow position.
In August of 2005, Mycom sold its managed services business in an effort to reduce its cost structures, to bring working capital into the Company and to curtail future expenditures related to software development.
With debt reduction and the line of credit the Company has developed a new business plan which includes seeking to improve profitability by growing our legacy software reseller business. Management expects sales of software to increase in 2006 as the Company refocuses its efforts on the sale of software.
During the second half of 2005, Mycom heightened its focus on building its software sales and licensing business. We seek to manage all of the software licenses for businesses and organizations, assuring that they receive attractive pricing and are compliant on their license usage. We have a large customer data base and sell to or manage the licenses for many businesses and organizations throughout the US.
Our largest selling software item is AttachmateWRQ's Reflection. Having been a WRQ Channel Partner and Reseller since 1984, we are pleased about the merger of Attachmate and WRQ. This advancement should also help their channel partners, like Broughton International (Mycom), grow.
I hope this provides you some incite on Mycom's business plans for 2006.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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