FORT LAUDERDALE, Fla.,
April 29, 2013 /PRNewswire/
-- iTalk Inc. (OTCQB: TALK) (OTCBB: TALK) ("iTalk" or the
"Company") is pleased to announce today that it has signed a Letter
of Intent to acquire RocketVoIP, Inc., an established 10-year-old
residential and business broadband VoIP phone service provider.
"Through this acquisition, we plan to increase our direct
network footprint providing our customers with the necessary tools
and network capabilities to begin servicing the exploding VoIP
services marketplace," commented David F.
Levy, Chief Executive Officer of iTalk Inc. "Not only
will the expansion benefit new and existing customers of iTalk, but
further builds upon and strengthens the quality of service aspects
of VoIP communications in general."
This potential acquisition remains subject to, among other
things, iTalk Inc. and RockVoIP Inc. completing customary
pre-closing due diligence and entering into a Definitive
Agreement. The Definitive Agreement is expected to be signed
by all parties on or before the end of May
3rd, 2013. There can be no assurance that
any transaction will be completed as proposed or at all.
RocketVoIP, Inc. is a broadband VoIP phone service
provider. The Company provides unlimited international
calling plans that allow you to make unlimited local calls,
unlimited long distance calls, and unlimited international calls to
over 100 countries. RocketVoIP lets you use your broadband to
call the world. RocketVoIP customers utilize our networks of
Internet gateways and other traditional networks to place long
distance calls, online, at discounted rates. The Company is
committed to the long-term success of its customers by providing
premium, dependable, telecommunications products using its Voice
over Internet Protocol (VoIP) enhanced services platform.
At iTalk, we are a mobile communications company using
innovative and disruptive technologies to offer consumers a high
quality cellular alternative while severely undercutting all major
national carriers. Our lead product is the iTalk Sleeve,
which when combined with an iPod Touch, our iTalk mobile app, and
our aggressive pricing plans, provides consumers with a No
Contract, High Voice Quality, and Lowest Price in the industry
alternative to traditional cellular coverage. We will
continue to search out and develop innovate products and services
that will reduce consumers monthly voice and data charges while
providing them with additional functionality. Through our
access to an extensive network, we are able to offer nationwide
voice and data coverage to 280 million people in more than 12,900
For further information regarding iTalk Inc.,
iTalk Inc. - Investor Relations Dept.
Disclaimer/Safe Harbor: Statements about the Company's
future expectations and all other statements in this press release
other than historical facts, are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934, and as that
term is defined in the Private Securities Litigation Reform Act of
1995. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company
that is based on the beliefs of the Company and/or its management
as well as assumptions made by and information currently available
to the Company or its management. When used in this document, the
words "anticipate," "estimate," "expect," "intend," "plans,"
"projects," and similar expressions, as they relate to the Company
or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic.
SOURCE iTalk Inc.