SOURCE: St. Joseph, Inc.

St. Joseph, Inc.

September 05, 2013 11:53 ET

ST. Joseph Comments on Recent Business Developments Relating to RTO Candidate, Zone USA

TULSA, OK--(Marketwired - Sep 5, 2013) -  St. Joseph, Inc. (OTCQB: STJO) today commented on recent business developments relating to its planned reverse takeover (RTO) candidate, Zone USA, Inc., which holds a 50% ownership stake in ANZ Communications, LLC. 

Over the past several months, ANZ has made notable progress with executing its strategy to become a leading provider of cloud-based unified communications (UC) and application solutions for small to mid-size businesses, as well as mid-size local exchange carriers and service providers. On September 16, 2013, ANPI, ANZ's principal operating subsidiary, will begin offering its hosted UC solution, ANPI VIP, which incorporates mobile access, content sharing and conferencing with system features such as advanced call routing, call recording, fax, video, chat and web meetings. ANPI VIP ambitiously combines all aspects of business communications technology into one solution to save customers time and effort historically associated with sourcing and managing disparate systems while also solving the administrative burden typically attendant to managing the system needs of today's power users.

In a news announcement released by the Company on August 26, 2013, ANPI CEO Dave Lewis stated, "Our solution was carefully crafted to provide a truly integrated and comprehensive service suite in a fashion that significantly enhances the productivity of a business' employees, while delivering economic advantages over traditional solutions." Continuing, he added, "ANPI VIP is the result of significant investments we've made in deploying industry leading technologies integrated into a unified whole by some of the most innovative minds in the business. When married to our existing nationwide network that carries literally billions of minutes per year spanning millions of users, we believe we have assembled a unique platform that is well staged to serve the needs of business customers both today and in the future."

In a recent interview with Telecompetitor.com, Lewis noted that the UC market for organizations with fewer than 100 employees is $15 billion a year. However, he added, "When you expand it to include other cloud services, such as hosted Outlook, email storage and virtualization, you expand the market to about $40 billion." 

Gerry McIlhargey, President and CEO of St. Joseph, stated, "We are very pleased with ANZ's business performance, to date, and believe that its new cloud-based UC offerings for SMEs and small telcos will serve as a key growth driver for the Company for many years to come. This, in turn, provides us with even greater comfort that the RTO with Zone USA represents a sound and exciting strategy to deliver long term, sustainable value for St. Joseph's shareholders. In view of our intention to effect the RTO with Zone USA, I will be joined by key executives from Zone USA to meet with various investment banking firms later this month to identify prospective financial partners capable of supporting our RTO plan."

About ANZ Communications, LLC
Based in Springfield, Illinois, ANZ Communications, LLC is a joint venture owned by Zone USA, Inc. and ANPI Holding, Inc. Through its principal operating company, ANPI, ANZ is a telecommunications company serving the evolving needs of rural local exchange carriers and their affiliates (RLECs), competitive local exchange carriers (CLECs), interexchange carriers (IXCs) nationwide, as well as wireless carriers, corporate enterprise and residential customers in primarily rural markets across the U.S.

About Zone USA, Inc.
Zone USA, via its 50% shareholding of ANZ Communications LLC, is engaged in providing telecommunications services to the residential market, retail business market and wholesale carrier market, including long distance telephone services, local exchange services, high-speed internet and wireless services, access and signaling services, private data networks and value added telecommunications and/or administration services. Zone USA is looking to expand its telecommunications services in the United States that are complementary to its existing business, including, but not limited to, development of wireless services.

About St. Joseph, Inc.
Headquartered in Tulsa, Oklahoma, St. Joseph, Inc. is a publicly traded company focused on effecting a reverse takeover with Zone USA, Inc., a holding company which owns a 50%, jointly-controlled interest in ANZ Communications, LLC. For more information about St. Joseph, Inc., please visit www.stjosephinc.com.

This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. In particular, there is no assurance that the parties will reach a definitive agreement for the proposed transaction or that the transaction will be completed. Additionally, no assurance can be provided that the terms of any transaction will be similar to those contemplated by the Letter of Intent. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

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