ICC Worldwide Announces Significant Milestone On Service Agreement With TEANET

Mon Jul 6, 2009 3:05pm EDT
 
[-] Text [+]
CORONA DEL MAR, Calif., July 6, 2009 (GLOBE NEWSWIRE) -- ICC Worldwide, Inc.
(OTCBB:ICCW) today announced that a major milestone has been achieved in the
ongoing development of a multi-year services and support agreement with TEANET,
the communications and internet services arm of Gruppo TEA Spa. Gruppo TEA is a
large, well established public utility organization in Northern Italy. The firm
provides a broad range of services to its 250,000 commercial and residential
customers including: electricity, gas, water, sanitation, sewer and trash
collection/disposal. TEA also provides an extensive network of broadband-based
communications and internet services to its customers.

Rich Lauer, ICC's President & CEO stated, "We previously announced a preliminary
agreement with TEA which allowed ICC to begin initial technical work on this
opportunity. A formal open bidding process has now been completed where ICC, in
conjunction with our network technology partner, Soleto Spa have been formally
designated as the winners of a twenty year contract to operate and provide
telephony and broadband services to TEA's customer base. These services will be
delivered utilizing TEA's extensive network of fiber optic cable and high
performance wireless transmission capabilities. Broadly speaking, under this
agreement TEA will provide the network infrastructure and customer base. Soleto
will provide the network engineering, cabling, and on site customer installation
capabilities. And ICC will deliver advanced telephony capabilities including
CENTREX telephone switching capabilities and system management. Plans are also
being made for other services such as residential telephone service and IPTV
(Internet Protocol-based Television) to be provided to the TEA customer base."

Lauer went on to say, "The services provided to the TEA customer base will
produce substantial, sustainable long term revenue to ICC. For ICC, both the TEA
and immigrant segments are quite complimentary to our business. It is also
important to note that the margins associated with the TEA segment of our
business will be much stronger than those provided by our immigrant-related
activities. We hope to see initial revenue from the TEA activities at the end of
our current quarter. This will grow rapidly and become quite significant over
the 4th calendar quarter of 2009 and beyond."

About ICC Worldwide:

ICC Worldwide, Inc. (OTCBB:ICCW) provides a specialized range of wholesale
communications services and products to an extensive channel serving the diverse
immigrant worker communities in various parts of Western Europe. ICC also
partners with local utility organizations to provide advanced telephony products
and services to the utility's customers. The firm's principal operating units
are located in Italy, Belgium, Spain, and Romania; 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.

 For Investor Inquiries:
 Please visit the company's website: www.iccww.com, or email:
 info@iccww.com
 Trading Symbol: ICCW.OB
 ICC Worldwide is a Trademark of ICC Worldwide, Inc.
 All other trademarks and registered trademarks are properties of
 their respective owners.
-0-
CONTACT:  ICC Worldwide, Inc.
          Rich Lauer
          (949) 200-7569
          Fax: (949) 612-0201
          www.iccww.com
          3334 E. Coast Hwy, #424
          Corona del Mar, CA  92625

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video