SOURCE: Innovative Communications Technologies, Inc.

September 12, 2006 07:00 ET

Innovative Communications to Participate in the Washington Credit Union League 2006 Convention and Trade Show

SEATTLE, WA -- (MARKET WIRE) -- September 12, 2006 -- Innovative Communications Technologies, Inc. (PINKSHEETS: ICTN) will support and participate in the Washington Credit Union League Many Voices, One Community Convention and Trade Show, September 12-15, in Seattle, WA. Decision makers attending this event will be actively investigating technologies, such as Innovative's GPTN and Private800 network products that provide efficiencies and benefits to their perspective credit unions.

The Washington Credit Union League (WCUL) represents and serves the state's 135 credit unions with assets of more than $214 billion and 2.3 million credit union members. WCUL's mission is to provide credit unions with legislative representation, information technology advisement, public relations/communications, education and training and product and service support from trusted vendors.

"Innovative is positioned to gain significant revenue as a direct result of this event. Credit unions fit Innovative's customer profile as they are traditionally large users of mission critical long distance and toll free traffic through their call centers and automated services," said Joel Edwards, Director of Sales, Innovative Communications Technologies. "This is an amazing opportunity for Innovative to affect decision makers in an industry where we have established success."

Over the past 2 years Innovative Communications has been providing the GPTN outbound long distance and Private800 inbound toll free products to the WCUL and several of their members.

Being sensitive to the fact that WCUL does not endorse a non-marketing partner, Bill Songstad, Director of Technology and Operations, the Washington Credit Union League, acknowledges that Innovative has provided everything that was represented to the League. Their organization experiences toll quality voice communications over their private network with Innovative, the installation was non-invasive, simple and seamless and the cost savings to the WCUL are significant and real.

About Innovative Communications

Since 1989, Innovative has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative's proprietary technology and alliances with industry leaders now place the company at the forefront of the telecommunications industry. The GPTN and Private800 technology combines proprietary leading-edge packet switching technology and dedicated fiber optic networks with Innovative's Voice Over Packetization Technology (VOPT). VOPT uses packet switching instead of traditional circuit switching when routing calls. Customers use their existing equipment and pay only a fixed monthly rate eliminating per-minute billing and the long-distance carrier. For more information visit the company's website at Innovative also owns approximately 28% of ReelTime Rentals, Inc.

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:
    Barry Henthorn
    Innovative Communications Technologies, Inc.
    (206) 812-3500