HONG KONG, July 19, 2011 /PRNewswire-Asia/ -- Chatter Box announces it has executed an LOI to acquire the assets of I1 connect (www.i1connect.com). The platform will establish a foundation towards an e presence and internet portal for business services, and video/press distribution. I1 connect was previously audited and valued in 2008 in accordance with bdc rules.
"While this asset has been dormant and operating quietly, it needs substantial upgrades and refurbishing in order to re-launch the portal. While I1 connect realizes it has lost market share and momentum, it feels that Chatter Box has the capacity to revamp and provide the necessary branding to build out video and press distribution services within the BPO segment of Chatter Box's business plan," says Dr. Daniel Imperato, Founder I1 connect.
This transaction and terms, thereof are subject to independent third party verification, audit and due diligence prior to closing.
About Chatter Box
Chatter Box operates a Business and Knowledge Process Outsourcing Technology | IT company that is currently building out a platform which will play an active role in the IT-Telecom | BPO | CRM | Contact Center industry globally. The management's primary objective is to build a Conglomerate - Mega Contact Center Solutions firm by taking advantage of growth opportunities as the outsourcing industry grows by as much as 46% annually in the Philippines, and globally.
For more information, visit: http://www.chatterboxcallcenter.com/
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Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
