posted
here is info from march 6 press release....this one is going to go up like advc..get it while its low.....
iVoice Forms iVoice Innovation, Inc. to Facilitate Transactions
March 06, 2006 06:03:01 (ET)
MATAWAN, N.J., Mar 06, 2006 (BUSINESS WIRE) -- iVoice, Inc. (IVOC, Trade), announced the formation of iVoice Innovation, Inc. iVoice Innovation will be used as a vehicle to either acquire other operating companies, or for a potential spin-off of an existing iVoice asset similar to the recent spin-offs of Trey Resources (TYRIA, Trade), iVoice Technology (OCTBB: IVOT), Deep Field Technologies, (DPFD, Trade) and SpeechSwitch (SSWC, Trade), in which case iVoice distributed a special dividend to its shareholders in the form of common stock of each of these formerly wholly owned subsidiaries. iVoice's current cash reserves of over $10.0 million will assist in the execution of either strategy.
The newly formed wholly-owned subsidiary, iVoice Innovation, Inc., has been formed in the State of New Jersey and will be used to facilitate future potential acquisition transactions in accordance with iVoice's stated acquisition strategy, which is designed to acquire acquisition candidates with low industry valuations and take advantage of a weak IPO market. iVoice is in the process of evaluating several potential acquisitions.
Jerry Mahoney, Chief Executive Officer of iVoice, stated, "At the present time, no specific transaction is pending, nor do we have immediate plans for a spin-off. We are, however, currently reviewing various strategic alternatives and are negotiating with several potential candidates about a transaction that would enable iVoice to expand its revenue and asset base. The formation of the new subsidiary provides a vehicle to consummate a transaction, spin-off an asset to our shareholders and/or to facilitate the financing of such a transaction".
iVoice is interested in acquisition candidates that provide excellent growth potential, are in a viable and stable market segment, and employ a current management team committed to the organization's long-term success. Our prospective acquisitions may or may not be in the same industry as iVoice.
About iVoice, Inc.
iVoice has determined that the best way to create shareholder value, separate and apart from the operating performance of iVoice, is to implement new business opportunities by distributing shares of spin-offs to the Company's shareholders. The common stock distributions are part of a broader strategy relating to the transition of iVoice into a company focused on the development and licensing of proprietary technologies. We also continue to search for potential merger candidates with or without compatible technology and products, which management feels may offer long term growth prospects to increase shareholder value. For more information, contact CEO Jerry Mahoney at (732) 441 7700 or by e-mail at jerrym*ivoice.com.
-------------------- pink floyds "money" is the way to live....... Posts: 485 | From: two rivers wisconsin | Registered: Jun 2005
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posted
small exerpt from 2 weeks ago about dividend
February 15, 2006 06:05:01 (ET)
MATAWAN, N.J., Feb 15, 2006 (BUSINESS WIRE) -- iVoice, Inc. (IVOC, Trade) announced today that its Board of Directors has proposed a special one-time cash dividend of $1.5 million payable on its outstanding shares of common stock, a stock buy-back program of the Company's Class A Common Stock of up to $1 million,
-------------------- pink floyds "money" is the way to live....... Posts: 485 | From: two rivers wisconsin | Registered: Jun 2005
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posted
Volume has died off since the last spike, might be a good time time to jump in. I am considering buying some more myself. IMO, this one is probably going to penny land after the next PR.
GLTA
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
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quote:Originally posted by pgolden: very good opportunity to get in at .0015 definitely an accumulation point....
I agree, but I have to admit I've been thinking the same thing for more than a year.
I first bought IVOC more than a year ago, watched it dip dramatically, got 3 of its spinoffs (which are OK but have not been great money-makers), and just sold my original shares at a small profit ... and immediately watched it double after that ( ).
Now I am back in for the same reasons as before: I think it has potential for long-term gains. But this time, I hope to flip it a little on spikes and dips to end up with free shares.
I've not suggesting IVOC is a good daytrader. I don't know if the recent trading activity will continue. But if not, I do think it has long-term potential if we're very patient.
Just my opinion.
-------------------- Everything I say is only my opinion ... right or wrong. Posts: 2152 | From: Ohio | Registered: Sep 2004
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Shareholders meeting takes place on the 31st and they have a R/Split and dividend coming in the near future. Good things are coming for IVOC.
Posts: 2498 | Registered: Mar 2006
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