Noteworthy is the IM press release statement that IFON gains access to channels in the United States. This indicates that, relative to the present non-U.S. markets being served by IFON, there will be no revenue sharing to impact margins there. So, we can "bank" what we already have.....and what we already have just resulted in a small profit last quarter. It seems that IFON will continue to handle its existing distribution chain outside of the U.S. How big are the IM tentacles in the U.S. market?.....how much new territorial business does this open to IFON? Well, it's a big question that begs a big answer, IMO.
It's a good position for IFON to be in to say that it is break-even with its existing markets and that whatever it can make in the US cellphone market is gravy. Although it shares revs with IM for the distribution, it's probably true that IM can do it less expensively than IFON would be able to on it own.