ALBUQUERQUE, N.M., Feb. 13, 2007 (PRIME NEWSWIRE) -- iPhone2, Inc. (Pink Sheets:IPHE) today announced the completion of their SEC mandated comprehensive audited financial statements and assets. The Company's audited financials can be seen at http://www.iphone2.com/corporate.php
"We're extremely pleased to announce the completion of our audit," said Charles Greenberg, iPhone2's President and CEO. "This has been a longer than expected process, but now that our audit is completed we are embarking towards becoming a fully reporting company and expeditiously moving to the OTC Bulletin Board exchange," stated Greenberg.
The audited financial statement disclosed iPhone2 has $2,172,000 (Two Million One Hundred Seventy Two Thousand Dollars) of unencumbered assets at the close of the last fiscal year, August 31, 2006.
"Our mission and goal are to provide total financial disclosure to our stockholders and supporters," Greenberg said. "Now we can diligently pursue various opportunities to provide substantial revenue and growth to the Company via the sale of our proprietary VoIP and Video products and to aggressively seek synergistic strategic acquisitions on a global basis," concluded Greenberg.
iPhone2, Inc. www.iPhone2.com (Pink Sheets:IPHE) is an innovative Voice and Video over Internet Protocol communication provider offering residential and business customers user friendly and affordable ways to communicate more effectively. Our proprietary ImagePhone allows customers to make and receive unlimited near broadcast quality video calls right from their computer desktop. They can also make very affordable voice calls worldwide to any telephone using our VoIP network. ImagePhone was developed to be straightforward and user friendly. OfficePhone2.0 replaces your old-fashioned, expensive, complex PBX (or standard telephone service) with economical, reliable, and expandable feature rich IP phones. OfficePhone2.0 operates just like a regular phone, yet allows you to do things your old-fashioned office phone could never do.
For more information, please visit www.iPhone2.com, or contact the Company at info@iphone2.com 561 952 0300, x 101.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although iPhone2 believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by iPhone2 or any other person that the objective and plans of iPhone2 will be achieved.