RENO, Nev., Nov. 22, 2004 (PRIMEZONE) -- ICM Telecommunications (Pink Sheets:ICMH) today announced that it has retained the services of the Stock Charter Group for market making and stock accumulation strategies.
Headquartered in North Carolina, Stock Charter Group Inc. (SCG) is a management consulting firm whose expertise spans the areas of strategic planning, marketing, mergers and acquisitions and public offerings.
Doug Hamby, president and CEO of ICM Telecommunications Technology, reported that, "With 23 years of experience, and hands-on experience with both Fortune 500 companies and small-cap firms, SCG is poised to open the doors of opportunity for ICM. SCG will assist our company in both business planning and building an effective aftermarket for our stock as we move forward on our aggressive growth strategy."
Ken Ash, founder and president of Stock Charter Group, commented, "We look forward to working with Doug Hamby and his talented management team. We believe ICM is a company with high-growth potential, and its current valuation in no way reflects its outstanding future in the stored value debit card marketplace - especially in stored value, reloadable payroll cards."
About Stock Charter Group
Stock Charter Group is an 8-year seasoned venture capital company, participating in both capital raising and market maintenance activities in the micro-cap markets. SCG also provides assistance in stock accumulation strategies and corporate consulting as well as expert technical analysis of patterns and trends. The company is currently completing its web site that will be launched shortly.
ICM Telecommunications Inc. is the exclusive distributor of debit instruments for Secured Financial Solutions Inc., which is in partnership with Ohio-based Sutton Bank. ICM also is developing other international banking relationships to broaden the base of its suite of stored value debit cards worldwide. Stored value debit cards give card users several hundred thousand places where their cards can be immediately accepted and honored.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.