Ft. Lauderdale, FL, June 26, 2013 (eTeligis via ACCESSWIRE) - iTalk Inc. (TALK) (TALK) ("iTalk" or the "Company"), a global provider of advanced communications and mobile broadband services, is pleased to announce a strategic business expansion into the wireless Machine to Machine (M2M) communication sector.
iTalk's new wireless M2M data products (hardware, software, network access, and services) will target the automated teller machine (ATM) and point-of-sale (POS) industry with flexible solutions to improve or replace antiquated manual or wireline transactions utilizing faster, more reliable, and more affordable wireless data networks.
"Financial institutions, retailers, and independent ATM and POS service operators continue to look for new ways to decrease their overall operating costs, and one of the areas they're looking at is wireless," stated David F. Levy, Chief Executive Officer of iTalk Inc. "Today, most ATMs and POS devices use dial-ups or leased lines as their primary means of communicating transaction data. The cost to operate these outdated circuits accounts for one of the largest portions of any operating budget. We feel that iTalk M2M products can make an important impact in reducing these costs and increase the potential profitability of our customers."
iTalk's M2M products will bridge the gap between traditional dial-up, serial, Ethernet ATM or POS devices and established wireless carriers. The iTalk M2M product line will include a PCMCIA interface, mobile M2M router, and wireless hotspot. This flexible configuration will offer customers a wide range of options to suit the connectivity requirements of their existing ATM/POS network.
Wireless M2M technologies provide important operational advantages due to faster connection speeds compared to dial-ups or 56K lease lines, increased network management capabilities (end-to-end monitoring, reduced truck rolls, and lower overall maintenance costs), and faster low-cost deployments with increased mobility. Recent industry research estimates that the M2M market is growing at a compound rate of 15 to 30 per cent per year and that up to 1 billion total devices will be connected via M2M world-wide by the end of 2014. M2M service providers are expected to continue to take significant market share from traditional wireline carriers over the next decade.
iTalk, Inc. (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.
For further information regarding iTalk Inc., contact:
iTalk Inc. - Investor Relations Dept.
(888) 663-9925 (Toll-free)
SOURCE: iTalk Inc.
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