SOURCE: Flint Telecom Group, Inc.

Flint Telecom Group, Inc.

May 04, 2010 10:35 ET

Flint Telecom Group Outlines Strategy, Business Segments and Market Focus

Follows Completion of Recent Restructure

OVERLAND PARK, KS--(Marketwire - May 4, 2010) - Flint Telecom Group, Inc. (OTCBB: FLTT), a fast growing next-generation IP communications products and services company, today announces its strategic direction and growth strategy following completion of the recent organizational rationalization program commenced last quarter.

Through existing operating companies and some pending acquisitions, Flint Telecom Group will address 3 key Business Segments to continue its move from low margin revenues to higher margin and value added revenue streams.

These segments are:

Telecom Software, Services & Equipment

  • Focused Wireless IP and telecom expense management applications to large multinational enterprises and telecom operators worldwide.
  • Modem, cable and other telecom equipment supplies to leading cable and rural telecom operators in the United States.

Prepaid Telecom Services

  • Provision and Distribution of 'Integrated' prepaid calling and cellular products to Ethnic populations in the United States and Internationally.

Postpaid Telecom Services

  • Organic growth will come via 'white label' VoIP Services for both VoIP and Cellular services aimed at niche operators internationally.
  • Direct subscriber revenues in both landline and cellular will be achieved from both organic growth and acquisition.

Vincent Browne, Flint's Chairman and CEO, commented, "The Company is positioning to exploit the next disruptive cycle in the telecommunications marketplace, the emergence of VoIP telephony as a mainstream communications method, the growth of Wireless IP services as a result of exponential growth in mobile Internet usage and the inevitable convergence of both in the short term."

"Our Pre-Paid calling products are currently sold through a network of over 100 private distributors via an estimated 20,000 retail outlets in the United States and this provides the springboard to bring new and innovative offerings to this existing user base with a proven distribution capability. We expect to make more detailed announcements in the coming weeks on each of these areas as we execute against this strategy to build value for our shareholders going forward," Mr. Browne concluded.

About Flint Telecom Group, Inc.
Flint Telecom Group Inc. ("FLTT") is a U.S. holding company headquartered in Overland Park, Kansas. Through its subsidiaries, the Company provides an extensive portfolio of next generation IP communication solutions. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate activity and is traded on the OTC Bulletin Board® (OTCBB) under the ticker FLTT.OB. Additional information may be found at www.flinttelecomgroup.com

This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends,'' "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Investor Relations Contact:
    Steve Keaveney
    phone: 404-254-6980