SACRAMENTO, Calif., April 15, 2004 (PRIMEZONE) -- ICM Telecommunications, Inc. (Pink Sheets:ICMH), today announced that it has been awarded a multi-year contract from a major provider of video gaming and musical download services. The contract enables the client, which has more than 5 million customers who regularly play video games and download music using Internet-access phone cards, to offer a direct link to ICM's Tier 1 fiber optic hub in Los Angeles that serves the entire telecom network worldwide, with backup servers in Dallas, Miami and New York.
"As with all calling card programs," said ICM Telecommunications CEO Doug Hamby, "the highest level of savings is tied to volume, and we have been able to complete negotiations that now allows our client to offer considerable savings to its millions of customers.
"These customers purchase phone cards for online access to games and music averaging 5,000 minutes of usage apiece," Hamby said. "ICM will realize revenues of $.007 to $.01 per minute, depending on the location from where the call is placed."
In the first full month alone, the CEO said, ICM anticipates the sale of 5 to 7 million minutes through this new program. "We also hope," he concluded, "that succeeding months will show continual upward revenue trends triggered by the savings this new agreement offers."
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.