Intelligent Communication Enterprise Letter to Shareholders
SINGAPORE--(Marketwire - May 10, 2010) - Intelligent Communication Enterprise Corporation (
Dear Shareholder,
In our letter on February 5, 2010, we promised to keep you informed as we push ahead with the transformation of your company from a development stage company into a profitable business with great potential. We are pleased to inform you that we are well on track with this transformation.
Following the recent acquisitions, your Directors have decided to organize the business into two divisions, 'Mobile Marketing Solutions' and 'Communications Technologies,' in order to exploit new opportunities. The Mobile Marketing Solutions division will leverage the iCEsync platform to maximize profitability while the Communications Technology division will develop, acquire and manage unique and highly sought after communications technologies. True to the 'Intelligent Communications' theme, both of the ICE Corp divisions will possess and use technology, systems and business practices that give them an edge over the competition.
We have recently secured key contracts for mobile content in the Mobile Marketing Solutions division. Asia's leading events promoter has chosen to work with us to promote their events, and ICE Corp has partnered with a prominent media group in India for Indian content and Indian market access. iCEsync is on track for commercial launch during the second half of this year. Our messaging business is being restructured to increase revenues and profitability. Changes to suppliers, processes and personnel are underway aimed at delivering greater profitability.
At the corporate level we completed our audit and filed the 10-K for the consolidated businesses on April 15, 2010. We have expanded the Board of Directors with the recent addition of Mr. Wu as independent director and we are currently in talks with a number of high profile candidates to further strengthen your Board of Directors.
You may write to [ shareholders@icecorpasia.com ] for information you may require in addition to what is available on our website.
Thank you for your continued support,
Luther Jao
CEO
About Intelligent Communication Enterprise: Intelligent Communication Enterprise Corporation (
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.