ST. Joseph Comments on Recent Business Developments Relating to RTO Candidate, Zone USA
05 Settembre 2013 - 5:53PM
Marketwired
St. Joseph, Inc. (OTCQB: STJO) today commented on recent business
developments relating to its planned reverse takeover (RTO)
candidate, Zone USA, Inc., which holds a 50% ownership stake in ANZ
Communications, LLC.
Over the past several months, ANZ has made notable progress with
executing its strategy to become a leading provider of cloud-based
unified communications (UC) and application solutions for small to
mid-size businesses, as well as mid-size local exchange carriers
and service providers. On September 16, 2013, ANPI, ANZ's principal
operating subsidiary, will begin offering its hosted UC solution,
ANPI VIP, which incorporates mobile access, content sharing and
conferencing with system features such as advanced call routing,
call recording, fax, video, chat and web meetings. ANPI VIP
ambitiously combines all aspects of business communications
technology into one solution to save customers time and effort
historically associated with sourcing and managing disparate
systems while also solving the administrative burden typically
attendant to managing the system needs of today's power users.
In a news announcement released by the Company on August 26,
2013, ANPI CEO Dave Lewis stated, "Our solution was carefully
crafted to provide a truly integrated and comprehensive service
suite in a fashion that significantly enhances the productivity of
a business' employees, while delivering economic advantages over
traditional solutions." Continuing, he added, "ANPI VIP is the
result of significant investments we've made in deploying industry
leading technologies integrated into a unified whole by some of the
most innovative minds in the business. When married to our existing
nationwide network that carries literally billions of minutes per
year spanning millions of users, we believe we have assembled a
unique platform that is well staged to serve the needs of business
customers both today and in the future."
In a recent interview with Telecompetitor.com, Lewis noted that
the UC market for organizations with fewer than 100 employees is
$15 billion a year. However, he added, "When you expand it to
include other cloud services, such as hosted Outlook, email storage
and virtualization, you expand the market to about $40
billion."
Gerry McIlhargey, President and CEO of St. Joseph, stated, "We
are very pleased with ANZ's business performance, to date, and
believe that its new cloud-based UC offerings for SMEs and small
telcos will serve as a key growth driver for the Company for many
years to come. This, in turn, provides us with even greater comfort
that the RTO with Zone USA represents a sound and exciting strategy
to deliver long term, sustainable value for St. Joseph's
shareholders. In view of our intention to effect the RTO with Zone
USA, I will be joined by key executives from Zone USA to meet with
various investment banking firms later this month to identify
prospective financial partners capable of supporting our RTO
plan."
About ANZ Communications, LLC Based in
Springfield, Illinois, ANZ Communications, LLC is a joint venture
owned by Zone USA, Inc. and ANPI Holding, Inc. Through its
principal operating company, ANPI, ANZ is a telecommunications
company serving the evolving needs of rural local exchange carriers
and their affiliates (RLECs), competitive local exchange carriers
(CLECs), interexchange carriers (IXCs) nationwide, as well as
wireless carriers, corporate enterprise and residential customers
in primarily rural markets across the U.S.
About Zone USA, Inc. Zone USA, via its 50%
shareholding of ANZ Communications LLC, is engaged in providing
telecommunications services to the residential market, retail
business market and wholesale carrier market, including long
distance telephone services, local exchange services, high-speed
internet and wireless services, access and signaling services,
private data networks and value added telecommunications and/or
administration services. Zone USA is looking to expand its
telecommunications services in the United States that are
complementary to its existing business, including, but not limited
to, development of wireless services.
About St. Joseph, Inc. Headquartered in
Tulsa, Oklahoma, St. Joseph, Inc. is a publicly traded company
focused on effecting a reverse takeover with Zone USA, Inc., a
holding company which owns a 50%, jointly-controlled interest in
ANZ Communications, LLC. For more information about St. Joseph,
Inc., please visit www.stjosephinc.com.
This press release consists of forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Those statements include statements regarding the intent,
belief or current expectations of the Company and its management.
In particular, there is no assurance that the parties will reach a
definitive agreement for the proposed transaction or that the
transaction will be completed. Additionally, no assurance can be
provided that the terms of any transaction will be similar to those
contemplated by the Letter of Intent. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties, and actual results could differ materially from
those indicated by such forward looking statements. The Company
assumes no obligation to update the information contained in this
press release, whether as a result of new information, future
events, or otherwise.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Investor and Media Contact: Hanover|Elite Kathy Addison
Chief Operating Officer 407-585-1080 Email Contact
Grafico Azioni St Joseph (PK) (USOTC:STJO)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni St Joseph (PK) (USOTC:STJO)
Storico
Da Giu 2023 a Giu 2024