• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

International Telecommunications, Inc. Announces the Change to a New Name and New Trading Symbol: International Technology Systems, Inc. And OTCBB:ITYS

Posted on: Friday, 1 December 2006, 09:00 CST

International Technology Systems, Inc. (OTCBB:ITYS), a leading player in the Voice, Video and Data via internet Protocol markets worldwide, has announced confirmation of its new name and receipt of its new ticker symbol, currently in effect. The Company has already begun trading on the market under the new symbol, ITYS.

International Technology Systems, Inc. (OTCBB:ITYS), formerly International Telecommunications, Inc., develops and markets products and services globally in video, voice and data technologies. ITYS specializes in video conferencing technologies and Voice over Internet Protocol (VoIP), as well as proprietary related electronic telecommunication technologies for commercial and residential use worldwide.

"The primary reason for the name change is the company's rapid expansion of product development in diverse technological fields," said International Technology Systems, Inc., President, Alie Chang. "Our new name reflects the leadership, growth and developments that are taking us into exciting new areas of opportunity," said Chang.

ITYS provides cutting-edge video communication technologies, including its patented Video Users Interface (VUI) technology and Secure Communications Node (SCN) appliance, through its subsidiary, CCS Technology Group. VUI technology reduces bandwidth requirements for both video transmission and for producing bi-directional audio and video transmission across even a standard phone line. The SCN is an innovative appliance for use as a multi-interface video gatekeeper/PBX.

CCS Technology Group is also continuing development on the Remote Medical Diagnostic System that enables health care providers to remotely access medical experts for diagnosis and treatment.

Disclaimer

The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.

Source: Business Wire

More News in this Category