My Social Income Announces 4th Quarter Results and Year End Net Profit of $58,135.38
21 Junho 2011 - 12:56PM
My Social Income, Inc. (Pink Sheets:MSOA) (www.mysocialincome.com )
is a global provider of international Voice Over Internet
Protocol (VoIP) communications, who in late 2009 changed its
corporate name from InteleCom, Inc. to My Social Income, Inc. The
name change reflected the company's move to providing a range of
user-friendly products that would de-mystify Voice over IP
telephony products, and bring them into the mainstream.
My Social Income today announced 4th quarter and year-end
results with net profits of $58,135.38. To review the entire
results, please go to www.otcmarkets.com or
www.pinksheets.com
My Social Income recently announced a further launch to their
new product line, which will include Promotional Calling Cards,
Affinity Programs, Value Netwok Marketing Services and a new
product called TravelCall for military families. An updated
line of products can be seen at www.mysocialincome.com. One
can also see comparable rates for our global competition at
www.mysocialincome.com.
Company president John A. Roberts Jr. stated the
following,"Obviously we are pleased with the results released today
and I'm proud that the team has followed our business plan.
The changes made in the 3rd and 4th quarters of 2010 are now
beginning to show positive results through new accounts and new
revenue."
My Social Income has received significant response to its
enhanced product lines. The company expects to see increased
revenues sometime later this year. Mr. Roberts added, "The current
response has been very positive. We have our goals in sight,
and our team ready for the challenge. To expand the company,
cash flow is always a going concern. I am working diligently
to always improve our financial outlook. It is planned that
the company will have positive cash flow during the 4th quarter of
2011."
On May 11, 2001, the Company's Board of Directors approved a
reverse stock split and established a ratio of 1 for 1,000. As
a result of the reverse stock split every thousand shares of My
Social Income, Inc. common stock will be combined into one share of
the Company's common stock. The reverse stock split affected
all shares of common stock, stock options and warrants of the
Company's outstanding immediately prior to the effective time of
the reverse stock split. The restructuring of the company's
outstanding common stock adjusts My Social Income's capitalization
structure to enhance the company's operating objectives.
Persons interested in acquiring the MSI or its products can go
to www.mysocialincome.com to learn more about this and the
company's other new products and to sign up for the service.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbor protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
CONTACT: My Social Income, Inc.
Investor Relations: investors@mysocialincome.com
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