Science & Technology
Science and Technology
Science and Technology
Tue, February 17, 2009
Voiceserve Announces Financial Results for 2009 Third Fiscal Quarter
NEW YORK & LONDON--([ BUSINESS WIRE ])--Voiceserve, Inc. (OTCBB:VSRV), a UK based company targeting VoIP Softswitch users and the global telecom market, today announced financial results for its third fiscal quarter ended Dec. 31, 2008.
The company reported net income for the quarter of $30,529 compared with a loss of $274,123 for the same period a year earlier. The company had revenues of $439,185 for the quarter with a gross profit of $188,422.
The company attributed the swing from loss to profitability to sales of VoipSwitch licenses. VoipSwitch was acquired in January 2008. During the third quarter, Voiceserve launched an improved version of its Vippie Softphone, with an added SMS feature, which enhanced sales.
Voiceserve CEO Michael Bibelman said, "Earlier this month we exhibited our VoipSwitch products at the Technology Marketing Corporation Communication Conference in Miami. We introduced our VoipSwitch Solution to our American softswitch consumers and we were quite pleased with the reaction we received. In March we are exhibiting at [ CeBIT ] in Hannover, Germany. CeBIT is the world's largest trade fair showcasing digital IT and telecommunications solutions. This is part of our strategy to increase awareness to the VoipSwitch Solution in Europe and beyond. We are confident that with a presence at key exhibitions within our arena, we'll be able to increase growth in profitability."
Voiceserve President Alexander Ellinson said, "VoipSwitch Solutions has just launched the IPBX and mobile dialer for Windows mobile. These features should attract a large global clientele. VoipSwitch solutions are very versatile with a range of modules, which are designed for either the VoIP entrepreneur or the more sophisticated VoIP provider. The softswitches are priced very economically, enabling potential VoIP enthusiasts to enter the VoIP arena with a very modest investment even during the current economic climate."
About Voiceserve, Inc.
Voiceserve is a London-based wholesale telecommunication provider focusing primarily on delivering next generation services to Internet Telephony Providers (ITSPs) located in Europe, Africa and the Middle East. Products include VoipSwitch, a custom modular all-in-one Voice over Internet Protocol (VoIP) management platform licensing solution for resellers, VoIP airtime minutes bundled with optional convenient features, including [ virtual numbers ], direct dial, web [ callback ], and [ call forwarding ] and roaming free SIM technology. Voiceserve's network allows customers savings on average up to 85% on international calls. For more information, visit [ http://www.voiceservegroup.com ].
An investment profile about Voiceserve is located at [ http://www.hawkassociates.com/profile/vsrv.cfm ]. Other information for investors is available at [ http://www.hawkassociates.com ] and [ http://www.americanmicrocaps.com ].
For investor relations, contact Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: [ voiceserve@hawkassociates.com ].
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.
