My Social Income, Inc. Announces Profits for Q2 and Q3, Current Cost Saving Measures in Q4 Expected to Further Increase Company
February 22 2010 - 7:05AM
My Social Income, Inc. (Pink Sheets:MSOA) (www.mysocialincome.com)
is a global provider of VoIP services to Wireless and Wireline
Broadband customers delivering best-in-class services and pricing.
The fully vertically integrated company manages all aspects of its
service from user devices to carrier handoff, targeting retail
customers and large affiliate organizations with a highly
market-adaptive range of products.
My Social Income, Inc. results for Q2 and Q3 are publicly
available thru
www.pinksheets.com Company president
John A. Roberts, Jr. went on to say," Our expenses
were cut down dramatically and previous sales were realized
during this period."
The fourth quarter saw many changes to management, as the
company became much leaner in anticipation of the new and improved
international mobile rate plan. In the Q4, Robert W.
Simpson and Ronald J. Fichera left the Company
amicably and they continue to be big supporters of the Company; we
wish them well. These positions are to be filled on a
commission structure or project to project basis.
John A. Roberts, Jr. added, "Our management
restructure will save us approximately $280,000
annually and with this savings, we expect the bottom-line to
become very attractive."
About My Social Income, Inc.: MSI is a 12-year-old company
formerly named "InteleCom, Inc.". In the past it provided value
added telecommunications and technology products, including
Internet Phone Service through its former wholly owned subsidiary
called InteleFone, Inc. The VoIP service has since been expanded to
cell phone usage, now its main focus. See comparative rates at
http://www.mysocialincome.com.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbor protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
CONTACT: My Social Income, Inc.
Investors@intelecomplus.com
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