MeridCom Inc. (AXNP) Announces Negotiations With a Major Federal Security Provider
Posted on: Monday, 23 January 2006, 06:00 CST
TORONTO, Jan. 23 /PRNewswire-FirstCall/ -- Meridcom - Trading Symbol: AXNP.PK - has been approached by a major federal data security provider to integrate MeridCom's secure internet products into their data solutions and other Federal offerings. This collaboration will open the door for MeridCom to further enhance its communications products and expand its secure communications services available to the federal government.
"We are pleased to be recognized as leaders in our field and look forward to building a strong working relationship with them." Says Daniel Johanning, CEO of MeridCom Inc.
MeridCom will release more information regarding this in the coming weeks.
About MeridCom
MeridCom Inc. (http://meridian-prime.com/) is a three year old company that has become a leading provider of prepaid Internet access in the United States, Canada, Puerto Rico and U.S. Virgin Islands. MeridCom distributes its products, through private label agreements, with prepaid phone card companies, giving MeridCom Inc. access to well over 200,000 retail locations. While consumers may not immediately recognize the "MeridCom" name, their products are sold under many different brand names. MeridCom's products can be downloaded directly form the Internet. Retail versions may be purchased in the form of mini CD-ROMs or Point-of-Sale generated PIN access numbers.
Prepaid Internet access is a rapidly-growing market segment. With this new, credit-free, private, and portable means of access to internet services, new customers, who previously had either limited or no access to the services, could now have internet service on terms that work for them.
People who find the prepaid model attractive and useful included customers without a credit history, such as students and immigrants and workers that were too mobile to have a billing address, such as military and transient. It is also valuable to parents who want to control their children's use, professional travelers looking to control their costs and consumers who preferred to pay with cash.
MeridCom inc. is the holder of a GSA FSS Contract ( GS 35F 0500P ). Offering secure internet access to government agencies and contractors.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
MeridCom Inc.
CONTACT: Jim Adams, Director, (416) 769-3186
Source: PRNewswire-FirstCall
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