SOURCE: InZon Corporation

October 04, 2007 08:30 ET

InZon Insiders Agree to Voluntary Restrictions

DELRAY BEACH, FL--(Marketwire - October 4, 2007) - InZon Corporation (OTCBB: IZON) today announced that all insiders shares, including the shares of the four largest stockholders of the Company, have been voluntarily subjected to express lockup agreements.

Under the terms of the agreements between the stockholders and the Company, the affected shares of the Company may not be sold for one year, and thereafter pursuant to rule 144. The written agreements have been filed with the Company's stock transfer agent with instructions to affix an appropriate legend on the affected shares.

Commenting on the transactions, David Levy, Chairman of InZon, said, "these actions have been taken to instill confidence in our stockholders that management is committed to building permanent franchise value with an aggressive growth strategy." Newly appointed director and C.E.O. Trip Camper added, "This is also a direct reflection of our confidence in the technology, management, and the long-term growth prospects of the Company."

About InZon

InZon is a Global Communications Company utilizing its own modern hybrid worldwide VoIP/TDM network and proprietary control systems for both voice and data traffic for a wide range of telecommunication services.

InZon acquired a major stake in Fiji Cell, a cellular carrier organized to provide nationwide cellular telecommunications and Internet Access Bandwidth Services. This brings InZon into the category of major carriers like T-Mobile, AT&T, British Telecom, Virgin and others. InZon and Fiji Cell expect to have the first towers in operation within the next four months as part of an overall 130 tower build-out in the South Pacific Region. This acquisition will extend InZon's infrastructure further onto the world stage and will begin creating significant additional value for the Company. This strategic acquisition is one of the first of a targeted number in the Southern Hemisphere.

InZon's software application group, SAE, owns a unique group of proprietary Operations Control Support Software (OCSS) that has been licensed to an impressive range of clients from the broadcast, telecom, media, satellite and other industries, such as NBC, CBS, Hughes Television Network, British Telecom, PanAmSat, CIGNA and many others. In addition, InZon's VeriCash Division is developing systems for Stored Value/Mobile Wallet payment technologies designed to allow users to send money from their cell phone and acts as a Virtual Point of Sale device via secure modes in most countries in the world.

InZon's WorldHub Exchange (WorldHubX) subsidiary is tasked to provide neutral centralized switching facilities and exchange services that will offer neutral interconnectivity options, providing significant economies of scale to the global telecom industry in a joint venture with NewCom International, (www.newcom-intl.com). This alliance provides the latest technology in satellite, telecommunications and disaster recovery facilities services to a diverse array on international clients utilizing their unparalleled management and engineering staff from strategically located collocation facilities, ensuring a one-stop solution for all global communication needs.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of InZon and its subsidiaries may include forward-looking statements which reflect the Company's current views with respect to future events and financial performance. Forward-looking statements involve the Company's current assessment of risks and uncertainties, which may cause actual events and results and prospects to differ materially from those expressed or implied in these statements. Certain information regarding such risks and uncertainties is set forth in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information contact:
    ir@inzon.com

    David F. Levy
    561-279-8200

    Trip Camper
    561-279-8200

    Richard Dea
    561-279-8200

    www.inzon.com