posted
MATAWAN, N.J., Mar 30, 2006 (BUSINESS WIRE) -- iVoice, Inc (OTCBB: IVOC) announced today that it has entered into a Letter of Intent to acquire microMEDIA Imaging Systems, a document imaging and scanning service company whose capabilities include indexing and online document hosting.
The transaction, which is subject to due diligence and the usual and customary conditions, is expected to close in June.
microMEDIA has completed document scanning projects from paper, microfilm and microfiche since 1987. The company integrates existing databases with files kept in paper, microfilm, microfiche and aperture cards. Most of its large conversion projects are conducted onsite at customers' facilities.
Jerry Mahoney, CEO of iVoice, remarked, "We are committed to expanding microMEDIA, expanding its marketing program and geographic reach, and assisting it in offering an expanded range of services. We expect to be in a position to acquire a number of these companies over the next year, and are excited about the prospects of building a very large company."
Joseph Wise, President of microMEDIA, stated, "We entered into this transaction because we want to the company to be part of a large, profitable, high-quality firm. iVoice's acquisition program and financial capabilities will allow us to realize our maximum potential. We look forward to becoming part of the iVoice team as we embark on a mission to create a dynamic success story that rewards both shareholders and employees."
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
| IP: Logged |
posted
Matto, What's the volume been like on this one? I have not been watching this in a while.
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
| IP: Logged |
posted
Tomorrow is the meeting where the R/S , dividend and buyback will be discussed and voted on. Today may be the last 'cheap' price before the action starts.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
| IP: Logged |
posted
Matto do you think this could run today or in a few days? here's the deal, I have $10k sitting in a long term stock that isn't moving, I would take $5k out of there and invest it in a stock that moves today, and then buy more shares of the long term stock with today's gains, and I'm looking at what the hot stocks are. I've made nice cash with IVOC in the past (remember the run up to 0.0048 a couple months ago??) and Im not experienced enough to know if THIS pr will set things moving TODAY. Sure people will say "you want to get rich too fast" but I've seen your stock picks and they're excellent, so i KNOW it's possible to make nice gains in a short time Thanks
Posts: 304 | From: Belgium | Registered: Jan 2006
| IP: Logged |
posted
I'm in, been in and riding in anticipation. This one could be another GWGO. R/S, dividends, multiple press releases. I tend to agree w/blindmelon as this may be the last time to get this at a cheap price.
Posts: 2498 | Registered: Mar 2006
| IP: Logged |
posted
I sold my million and made a few bucks. Today I'm buying it back at a lower pps. My gut feeling is that IVOC's past performance is indicative of a good future. The R/S might even be part of a plan to make a move to a more important venue. (just speculation)
I've been in IVOC since before the spin off stocks and so far don't have any reason to believe they won't continue treating their shareholders in a very positive manner.
At least their PR's are real and meaningful.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
| IP: Logged |
posted
ADVC also has nice looking technicals! RSI siting right in the 50's , and stochastics are showing this baby oversold! I will watch this one as well! Good picks Matto
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
| IP: Logged |
posted
Thanks Matto. Got in at .0013, out at .0016 for a quick buck. That's how I like to start my morning.
Posts: 134 | From: PA | Registered: Mar 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Wink]](wink.gif)
