SOURCE: Innovative Communications Technologies, Inc.

March 07, 2008 09:00 ET

World Free Mobile Integrated Calling Platform

SEATTLE, WA--(Marketwire - March 7, 2008) - Innovative Communications Technologies, Inc. (PINKSHEETS: ICTN) announces the official product name "World Free Mobile" as the public face of the "Cannes Project" integrated voice and data platform. The ICT Product Development team has purchased the domain names www.worldfreemobile.com and www.worldfreemobile.net. The company is in the process of developing an interactive website which allows customers to download the World Free Mobile product and manage their individual accounts, modeled after ICT's Private Network IAccess online business management tool.

"The World Free Mobile (WFM) name describes our product exactly. The platform will allow mobile broadband phone calls and data communication anywhere in the world with no per minute or data charges," said Joel Edwards, Director of Business Development with Innovative Communications Technologies. "We expect to release an ICTN shareholder letter along with a product information piece depicting the business/revenue model and product features for the public within a few weeks."

The ICT Product Development team intends the World Free Mobile integrated voice and data platform to connect any broadband mobile device, broadband landline or personal computer with no per minute or data charges. All other mobile devices and landline connections are expected to have the ability to connect at a projected 60% reduced cost over present mobile, VoIP and telecom carriers.

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.exosphereair.com) and 100% of privately held ICT Private Networks and the World Free Mobile platform.

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