di4
15 years ago
InterMetro Communications Services 10-Billionth Minute of Voice Traffic
Jun 5, 2009 10:28:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSIMI VALLEY, Calif.--(BUSINESS WIRE)-- InterMetro Communications (OTCBB: IMTO) this week announced that the company surpassed a milestone, exceeding 10-billion minutes of voice traffic serviced globally. A leading alternative VoIP long distance network provider, InterMetro owns and operates a private, secure IP network that delivers voice-calling services to traditional long distance carriers, broadband phone companies, wireless and VoIP service providers, other communications companies, and enterprise end-users.
InterMetro's proprietary VoIP network incorporates carrier-level, industry-standard ATM/MLS switching equipment, internal and third-party control and monitoring software, and Signaling System 7 (SS-7), the established standard for reliable call completion. The network is supported by a nationwide system of regional points-of-presence (PoPs) facilities connected by a fiber optic backbone.
In May, InterMetro posted significant gross profit growth quarter-over-quarter for Fiscal 2009 Q1.
ABOUT INTERMETRO COMMUNICATIONS, INC: InterMetro Communications, Inc. (IMTO.OB) is a facilities-based provider of enhanced voice and data communications services. The Company owns and operates a national, private Voice-over Internet Protocol (VoIP) network infrastructure powered by switching equipment. Its network powers providers of communications services, such as wholesale transport carriers, wireless providers, broadband phone companies, VoIP service providers, prepaid calling card providers and voice-enabled application service providers.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are predictions by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include the Company's limited operating history and fluctuating operating results, the possibility the Company may be unable to manage its growth, extensive competition, loss of members of the Company's senior management, the Company's limited number of customers and suppliers, the Company's dependence on local exchange carriers, the possibility of network failures, the Company's need to effectively integrate businesses it acquires, risks related to acceptance, changes in, and failure and security of, technology, regulatory interpretations and changes, and other risks as detailed from time-to-time in the Company's registration statement and reports and filings with the Securities and Exchange Commission. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements.
Source: InterMetro Communications, Inc.
----------------------------------------------
InterMetro Communications
Lynne Gilbert
805-433-8000
pr@intermetro.net
www.intermetro.net
di4
15 years ago
InterMetro Posts Significant Gross Profit Growth Quarter-over-Quarter
Gross Profit up 466% over First Quarter 2008 Private, flexible VoIP network supports 'profit-oriented traffic' Network optimized for quality and interoperability of IP and circuit-based technologies
May 27, 2009 5:00:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSIMI VALLEY, Calif.--(BUSINESS WIRE)-- InterMetro Communications (OTCBB:IMTO), a leading alternative VoIP long distance network provider, has achieved significant Gross Profit growth: as reflected in the Company's recent financial reporting and 10Q SEC filing, Gross Profit for fiscal 2009 first quarter improved 466% over fiscal 2008 first quarter.
"Particularly when set against current economic pressures, these results are a validation of our technology and strategy - in fact, InterMetro is uniquely suited to assist its customers and partners meet recessionary challenges," says Chairman and Chief Executive Officer Charles Rice. "Our technical flexibility is a competitive factor for our customers, be they large telco carriers, their resellers and agents, or retail organizations serving individual consumers. We've been able to immediately address their operational costs and simultaneously provide new opportunities for growth."
InterMetro delivers voice-calling services to traditional long distance carriers, broadband phone companies, wireless and VoIP service providers, other communications companies, and enterprise end-users. For these customers, InterMetro enables improved margins and interoperability between legacy and emerging technologies, utilizing unique IP topography over a private, secure and proven IP-based network. In addition, the Company's proprietary back office tools leverage the data capabilities of this network to support additional products and services for administration, billing, fraud detection, customer service, marketing, and value-added enhanced voice services.
"Our network gives customers options outside traditional price and service models," Mr. Rice explains, "and our infrastructure allows us to rapidly initiate service -- often within one day of contracting service. Our customers have been able to gain seamless access to the opportunities of a secure, private, national VoIP/TDM infrastructure without investment in new equipment and software, often with custom pricing options more responsive to usage patterns. Our ability to analyze and respond quickly to usage data allows us to aggressively focus on profit-oriented traffic."
In addition to serving wholesalers, resellers, and agents for traditional carriers, InterMetro supplies and supports retail telecommunications products including long distance calling cards through a private-label program. These products and related support services employ InterMetro's IP-infrastructure to empower established retailers outside traditional telco channels.
InterMetro's secure, private network marries traditional switching equipment, fiber-optic lines, and advanced Internet Protocol (IP) to deliver flexible, carrier-quality VoIP services that can be transparently substituted for, or combined with, traditional long distance services and infrastructure. "We operate carrier-level VoIP technologies which compress data transported across the IP infrastructure at lower capital costs, without the extra burden of the large investment in legacy circuit-based equipment costs of traditional carriers," explains InterMetro Chief Technical Officer Jon deOng. "VoIP technology is more cost efficient -- up to eight times the number of calls carried over an equivalent amount of bandwidth. This translates to lower power, space, and labor footprints for operation and maintenance."
InterMetro's proprietary VoIP network incorporates carrier-level, industry-standard ATM/MLS switching equipment, internal and third-party control and monitoring software, and Signaling System 7 (SS-7), the established standard for reliable call completion. The network is supported by a nationwide system of regional points-of-presence (PoPs) facilities connected by a fiber optic backbone.
"For the typical consumer, the term VoIP has been associated with services provided solely via the public internet, sometimes with poor sound quality or reliability concerns," says Mr. deOng. "However, unlike some other IP telephony providers, InterMetro operates its own private and secure VoIP network. We built it away from the public internet, with IP topologies that optimize the movement of data for streamlined speed and quality with a seamless handoff to circuit-based technologies. This means customers and carriers that utilize InterMetro benefit from our IP-based economics without necessarily being exposed to the vagaries of the public internet."
"Our large telco customers are comfortable with us as a carrier and our resellers find they can offer us alongside the traditional carriers where it makes sense," says Eric Fuchs, InterMetro's Chief Sales Officer. "Our monitoring software makes usage patterns more transparent so we can respond quickly to usage and geographic trends with niche pricing plans. That's a key competitive advantage in a market that is looking for cost efficiencies that actually add value in the process."
ABOUT INTERMETRO COMMUNICATIONS, INC: InterMetro Communications, Inc. (IMTO.OB) is a facilities-based provider of enhanced voice and data communications services. The Company owns and operates a national, private Voice-over Internet Protocol (VoIP) network infrastructure powered by switching equipment. Its network powers providers of communications services, such as wholesale transport carriers, wireless providers, broadband phone companies, VoIP service providers, prepaid calling card providers and voice-enabled application service providers.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are predictions by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include the Company's limited operating history and fluctuating operating results, the possibility the Company may be unable to manage its growth, extensive competition, loss of members of the Company's senior management, the Company's limited number of customers and suppliers, the Company's dependence on local exchange carriers, the possibility of network failures, the Company's need to effectively integrate businesses it acquires, risks related to acceptance, changes in, and failure and security of, technology, regulatory interpretations and changes, and other risks as detailed from time-to-time in the Company's registration statement and reports and filings with the Securities and Exchange Commission. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements.
Source: InterMetro Communications, Inc.
----------------------------------------------
InterMetro Communications
Inc.
Lynne Gilbert
805-433-8000
pr@intermetro.net
www.intermetro.net
di4
15 years ago
InterMetro Announces Financial Results for Fiscal 2009 First Quarter
Telecomm provider posts 466% increase in Gross Profit
May 21, 2009 11:59:00 PM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSIMI VALLEY, Calif.--(BUSINESS WIRE)-- InterMetro Communications, Inc. (OTCBB: IMTO), a facilities-based provider of enhanced voice and data communications services, yesterday announced financial results for its fiscal 2009 first quarter ended March 31, 2009.
Gross Profit improved 466% for the first quarter of fiscal 2009, at $1.44 million for 2009, or 23.6% as a percentage of revenue, as compared to a Gross Profit of $255K for the first quarter of fiscal 2008, or 4.0% as a percentage of revenue. This improvement was attributable to the increased utilization of capacity and decreased fixed network costs. The Company expects to continue to generate improved gross margins as it increases the utilization of its SS-7 network infrastructure in the future through increased sales.
Commenting on the results, Charles Rice, Chairman and Chief Executive Officer of InterMetro, stated, "The major improvement in Gross Profit, quarter-over-quarter, demonstrates the Company's commitment to focusing on the quality of its revenues, with an aggressive eye towards 'profit-oriented' traffic based on deeper customer analysis and routing strategies."
Sales and marketing expenses as a percentage of revenues were 9.6% and 7.5% for the first quarter ended March 31, 2009 and 2008, respectively. The increase is attributable to commission programs for higher margin services.
General and administrative expenses as a percentage of revenues were 20.3% and 22.1% for the first quarter ended March 31, 2009 and 2008, respectively. The decrease in general and administrative expenses for the three months ended March 31, 2009 is primarily attributable to a reduction in professional service fees.
The Company also posted a 92% improvement in Adjusted EBITDA quarter-over-quarter. InterMetro reported negative Adjusted EBITDA of $(99K) for the first quarter of fiscal 2009 compared with negative Adjusted EBITDA of $(1.2) million for the first quarter of fiscal 2008. In this release, Adjusted EBITDA is a non-GAAP measure representing operating income exclusive of depreciation and amortization, non-cash stock based charges, as well as impairment charges. It is one of several key metrics used by management to evaluate the Company's operating performance. The accompanying schedule reconciles Adjusted EBITDA to the corresponding GAAP measure net loss. The adjusted EBITDA improvement comes as a result of the improvements in Gross Profit and operational expense adjustments and efficiencies implemented as part of the Company's cost management initiatives.
Further commenting, Mr. Rice stated, "Despite the recessionary environment, we are fortunate to be in an industry that seems to have experienced only limited revenue declines these past months. As well, we have simultaneously made dramatic improvements in our Gross Profit and EBITDA through traffic management, higher margin products from new customers and new business lines, as well as operating efficiencies."
InterMetro reported revenue of $6.1 million for the first quarter of fiscal 2009, or 4.1% below revenue of $6.4 million in the first quarter of fiscal 2008. This small decline was due in part to management's focus on improving gross margins. The Company reported a net loss of $1.6 million, or $(0.02) per diluted share, in the first quarter of 2009 and a net loss of $1.9 million, or $(0.03) per diluted share, in the first quarter of 2008.
Q1 Q1 2008
Total
Mar-09 Mar-08
Loss (1,607 ) (1,916 ) (9,426 )
Interest 1,246 375 2,600
Depreciation 102 219 636
EBITDA (259 ) (1,322 ) (6,190 )
Stock Based Charges 60 90 247
Goodwill Impairment 1,511
Bad Debt 25 220
2007 New Acct Reaudit 75
Adjusted EBITDA (99 ) (1,232 ) (4,212 )
Change 1,133
Change % 92.0 %
ABOUT INTERMETRO COMMUNICATIONS, INC: InterMetro Communications, Inc. (IMTO.OB) is a facilities-based provider of enhanced voice and data communications services. The company owns and operates a national, private Voice-over Internet Protocol (VoIP) network infrastructure powered by switching equipment. Its network powers providers of communications services, such as wholesale transport carriers, wireless providers, broadband phone companies, VoIP service providers, prepaid calling card providers and voice-enabled application service providers.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are predictions by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include the Company's limited operating history and fluctuating operating results, the possibility the Company may be unable to manage its growth, extensive competition, loss of members of the Company's senior management, the Company's limited number of customers and suppliers, the Company's dependence on local exchange carriers, the possibility of network failures, the Company's need to effectively integrate businesses it acquires, risks related to acceptance, changes in, and failure and security of, technology, regulatory interpretations and changes, and other risks as detailed from time-to-time in the Company's registration statement and reports and filings with the Securities and Exchange Commission. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update forward-looking statements.
Source: InterMetro Communications, Inc.
----------------------------------------------
InterMetro Communications
Inc.
Christopher Folk
805-433-8000
ir@intermetro.net
www.intermetro.net
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