NORTH HAVEN, Conn., Feb. 11, 2004 (PRIMEZONE) -- International Wireless, Inc., (Pink Sheets:IWLJ) a diversified publicly traded company, today announced the opening of its collection division in Ripley, TN.
The company has leased a 31,000-square-foot building and is preparing to upgrade the office space and configure it with state-of-the-art equipment. This division will operate as a full-service accounts receivable company serving clients nationwide.
The company specializes in collection services for healthcare, financial services, telecommunications and utilities, returned checks, commercial, and other industries. Primary services will include billing, collection services, credit repair services, and educational opportunities. International Wireless' mission is to provide clients with collection services that help them recover the highest percentage of receivables possible and to become a leader in the collection industry. The new company brings depth and practical experience to the industry.
As an integrated part of billing services, International Wireless will have focus on the healthcare industry as it introduces wireless technologies to medical offices to create a fully connected, digital workflow that will aid medical personnel and enhance office efficiency, productivity, and results in the collections of receivables.
Part of the growth strategy is based on acquisitions. This includes the identification and acquisition of companies whose expertise brings new or complementary opportunities to the company. Through marketing and acquisitions, the company expects rapid growth, which will create several hundred new job opportunities in the Ripley community over the next few years.
The division Vice President Brigette Caldwell said the office will open in the very near future.
"We are extremely excited about moving forward with this venture and are delighted that we will be doing so in such a wonderful community," Caldwell said. "We have decided to base and grow our infrastructure in Ripley."
"We have worked with Mayor Douglas for over a year on this project and continue to be impressed with the Ripley Community. Mayor Douglas sold us on this community and the work ethics of its people," said Caldwell.
"We look forward to locating this company in Ripley, Tennessee and feel that Ripley's present interest and attitude will invite further attention for locations from our board of directors," said President Tom Miller.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding any potential sales of products as well as statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of International Wireless, Inc. ("International Wireless"), to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in International Wireless's Annual Report on Form 10-K for the fiscal year ended December 31, 2002 and any subsequent reports filed with the Securities and Exchange Commission under the Exchange Act. This press release speaks as of the date first set forth above and International Wireless assumes no responsibility to update the information included herein for events occurring after the date hereof.
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