CORONA DEL MAR, Calif., Jan. 26, 2009 (GLOBE NEWSWIRE) -- ICC Worldwide, Inc. (Pink Sheets:ICCW) today announced that the firm has expanded its wholesale call shop offering to include further emphasis on prepaid mobile cards and international calling cards. ICC's call shop customers provide specialized communication and internet-related products and services to the 30 million immigrant workers in Europe. In addition to the firm's cost-effective VoIP (Voice over Internet Protocol) international calling services, ICC is now offering an expanded web-based product which allows call shops to sell prepaid mobile phone "recharges" to their immigrant worker customers. Virtually all European immigrant workers own mobile phones. However, they pay for their use with carrier-offered prepaid recharge plans, typically in small increments of 5-10 Euros at a time. Mobile phones are generally very expensive for international calling, so immigrants still make most of their home-country calls at local call shops. This makes the local call shop the ideal place to purchase mobile recharge traffic as well.
ICC's President & CEO Rich Lauer stated, "In addition to international calling services, the typical call shop sells 100-plus mobile recharges per day. A big shop will sell 1,000 of these. Traditionally, these shops had to stock a large number of mobile recharge cards in several denominations from 3-4 major carriers. At 5-10 Euros each, multiplied by 100 card transactions per day, the inventory investment required for a week's worth of cards easily exceeds 10,000 Euros. ICC's service allows the shop owner to buy the recharges online in real-time, and only when needed. This reduces the shop's need for inventory while ensuring the availability of the specific customer-desired product. Our system also automatically sends a text message with the recharge code directly to the customer's phone, further simplifying the entire process."
Lauer went on to say, "The VoIP calling and mobile recharges are extremely complementary components of our business. Thanks to ICC's use of advanced technology to deliver these products, our offerings are extremely well received and cost effective for both our customers and for ICC. Both factors allow us to grow our business rapidly and cost-effectively."
About ICC Worldwide:
ICC Worldwide, Inc. (Pink Sheets:ICCW) provides a specialized range of communications services and products to the diverse immigrant worker communities in Italy through a rapidly growing network of wholesale and retail distribution channels. The firm's principal operating units are located in Italy, while ICC's U.S. headquarters is based in the Southern California community of Corona del Mar.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of various Federal securities laws. Those statements may include remarks regarding the intent, belief or current expectations of ICC Worldwide, Inc., as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements.
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