SOURCE: Innovative Communications Technologies, Inc.

November 27, 2007 17:42 ET

ICT Announces Wi-Fi/WiMAX Voice and Data Platform

SEATTLE, WA--(Marketwire - November 27, 2007) - Innovative Communications Technologies, Inc. (PINKSHEETS: ICTN) announces the development of an integrated voice and data platform connecting any broadband mobile devices or personal computers at no per minute charges bringing freedom and control to the consumer. This ICT Product Development Group's project, code named the "Cannes Project," enables users to send voice and data from any broadband device anywhere in the world without using cellular plan minutes and not requiring a cellular carrier wherever Wi-Fi/WiMAX is present. Connection to non-broadband mobile devices and landlines are projected to be at a 60% reduced cost over present mobile, VoIP and telecom carriers.

The company intends to roll out different non-browser based applications to support Nokia, Samsung, Motorola, T-Mobile and other brand name broadband devices in phases according to their market share and popularity. Utilizing a phased development plan, ICT's broadband product would have the ability to connect the 424 million industry predicted broadband wireless devices to be sold over the next 36 months, including the over 246 million Skype users and the millions of present broadband VoIP customers throughout the world.

"Securing 1 percent of the broadband device market alone would mean a minimum $3.1M revenue stream and nearly a $2M profit for ICT in year 1," said Joel Edwards, Director of Business Development with Innovative Communications Technologies. "Leveraging ICT's 18 year success with Private Telecommunications Networks, cellular and multi-media delivery, this calling platform has every potential to become the most significant business model and revenue stream in the history of the company. Eliminating per minute charges and taking out the middle man to benefit the consumer is nothing new to ICT. The market is occurring right now for this product's anticipated unique voice and data advancements making this a huge success for the consumer and the industry."

ICT Product Development Group's code name the "Cannes Project" will designate a specific product name, website and user interface at a future date. ICT shareholder listing as of October 24, 2007 includes total securities of 77,978,035, total restricted shares of 16,774,902 and total non-restricted shares 61,203,133. ICT does not intend dilution of shares at this time.

About Innovative Communications Technologies

Innovative Communications Technologies is a communications specific technology development company and, since 1989, has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative has a proven track record of developing communications specific technologies within the telecommunications, media and wireless industries. Innovative owns 21% of ReelTime Rentals, Inc. (PINKSHEETS: RLTR) (www.reeltime.com), 30% of Exosphere Aircraft Company, Inc. (PINKSHEETS: EXSA) (www.flyexosphere.com) and 100% of privately held ICT Private Networks and the "Cannes Project."

Safe harbor statement under the private Securities Litigation reform Act of 1995

This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its products or services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.

Contact Information

  • Contact:
    Joel Edwards
    Director of Business Development
    Innovative Communications Technologies, Inc.
    206-219-6860
    Email Contact
    www.ict.net