ALBUQUERQUE, N.M., April 17, 2007 (PRIME NEWSWIRE) -- iPhone2, Inc. (Pink Sheets:IPHE) today announced the company has set a closing date of 5/4/2007 to acquire Brooks Communication, Inc. of Albuquerque, NM. The companies have completed their due-diligence. After closing Brooks will operate as a wholly owned subsidiary of iPhone2, Inc. The companies will consolidate their balance sheets, adding $588,302 worth of revenue to iPhone2's P&L based on Brooks' 2006 figures.
In business for thirty years, Brooks Communication is one oldest and most respected business communication systems providers in Albuquerque. They currently service approximately 500 customers in the greater Albuquerque area.
"We are delighted to have such as well respected company come on board as the first step in our aggressive acquisition plan," stated John Scafidi, iPhone2's President and CEO. "We anticipate a significant increase in Brooks' sales as we add a seasoned sales and marketing team to their staff and integrate OfficePhone2.0 products to Brooks' existing product line," added Scafidi.
"The Brooks Communication acquisition is the first step in rolling out a nationwide dealer network to sell our next generation OfficePhone2.0 products. Brooks has a strong reputation in Albuquerque. We're delighted to have Mr. Brooks and his team join iPhone2," added Mr. Scafidi.
iPhone2 Inc. 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. The Company's OfficePhone2.0 is the Next Generation of office phone. OfficePhone2.0 enables small-to-midsized offices to enjoy the benefits and features of a large, expensive PBX without the large, expensive CAPEX and maintenance costs associated with these systems.
Albuquerque was recently voted the best city in which to do business by Forbes Magazine.
iPhone2 is aggressively targeting acquisitions like Brooks, especially in growth markets like Albuquerque to quickly deploy a retail dealer network for the Company's hosted OfficePhone2.0 products. iPhone2 plans on continuing to sell and service Brooks' existing product line of business communication systems.
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 105
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.