SOURCE: iTalk Inc.

March 12, 2014 08:15 ET

iTalk Inc.: Prospects and Plans for the Financial Year 2014

FORT LAUDERDALE, FL--(Marketwired - Mar 12, 2014) - iTalk Inc. (OTCQB: TALK) (USA) / 2IT (Berlin), iTalk Inc. provides information on the prospects, plans and expectations for the financial year 2014.

For the current fiscal year, iTalk Inc. aims to massively expand the sales of their hardware devices in the U.S.A., South America and Asia! To accomplish this, the company plans to invest heavily in internet marketing, TV spots and also links to larger worldwide retail chains. In addition, iTalk plans to cooperate with the largest renowned network operators to increase sales channel success.

iTalk Inc. also plans for 2014 the launch of the iTalk VoIP smartphones through their ever expanding marketing & sales channels. Research statistics from world known company "Gartner" predicts for 2014 that up to 1.3 billion smartphones will be sold worldwide, which represents approximately 350 million more than in 2013.

iTalk Inc. through the establishment of their own VoIP smartphones, is poised to expand its proprietary VoIP services. The VoIP industry is in the growth stage of its life cycle. In 2002, when VoIP technology first emerged commercially, industry-relevant VoIP providers brought in over $1.0 million in revenue. In 2014, industry operators are expected to generate $3.1 billion in revenue. iTalk is planning to take a piece of this huge market for themselves!

iTalk Inc. also has a VoIP application available in the Apple Store which allows inexpensive international VoIP telephony. Another revenue source for iTalk Inc. is the global telephony service offered which has an annual turnover of $1.2 million last year.

If the company is successful in its plans it expects yearly sales to reach $40 million.

About iTalk

iTalk, Inc. (OTCQB: TALK) is a publicly traded global provider of advanced communications and mobile broadband services. The Company utilizes innovative and disruptive technologies, including Voice-over-IP (VoIP), nationwide 3G/4G mobile broadband networks, smartphones, and mobile applications ("apps") to offer consumers the highest-quality low-cost no-contract alternatives to voice, data, and mobile services from major national carriers. Through our access to an extensive network, iTalk is able to offer nationwide voice and data coverage to 280 million people in more than 12,900 cities. iTalk's current and planned products, services, and brands include, RocketVoIP.com, (www.rocketvoip.com), 1-800-GET-VOIP, ITG long distance calling cards, iData 3G/4G Mobile Broadband, iTalk Unlimited Nationwide Talk, and the iTalk iPod Touch Sleeve smartphone adapter. For further information, visit www.italkmobility.com.

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.

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