updated 8/27/2010 4:53:25 AM ET 2010-08-27T08:53:25

INDIANAPOLIS, Aug. 26, 2010 (GLOBE NEWSWIRE) -- My Social Income, Inc. (Pink Sheets:MSOA) ( www.mysocialincome.com ), a global provider of international Voice Over Internet Protocol (VoIP) communications, has recently changed its corporate name from InteleCom, Inc. to My Social Income, Inc. The name change reflects the company's move to providing a range of user-friendly products that will de-mystify Voice over IP telephony products, and bring them into the mainstream. This also falls well in line with overall brand equity and marketing strategies toward worldwide recognition as a market-leading provider.

My Social Income announces that it has posted a full Q2 report at www.OTCMarkets.com , confirming a promising second Quarter including total gross profits at $142,611.40. CEO, John A. Roberts Jr. comments, "We are very pleased with progress this year and expect that this growth will be progressive in line with some very exciting developments we have underway for Q3 and Q4. The achievements thus far are a testament to our technology and marketing teams with relationships worldwide toward what we feel are ingredients for accelerated growth."

The company is also progressing well with it's strategic Fring Affiliate relationship ( www.Fring.com ) which leverages a user's mobile phone internet capabilities to establish direct (peer-to-peer) connections between callers. This proprietary connectivity enables pure VoIP communication -- supporting both mobile-to-mobile VOIP calling and also mobile/PC calling.

A recent report from Frost and Sullivan, a prominent research firm, notes that VoIP is no longer just hype, but has become a credible threat to traditional voice revenues, says the firm. According to the research group, considering that this is only a matter of time when IP becomes the principal transport for various access technologies, an ambitious group of mobile VoIP start-up companies are creating a paradigm shift in the way users communicate with each other, with voice services moving to a true internet era.

New analysis from Frost & Sullivan, impact of mobile VoIP features, finds that at the end of 2008, approximately $605.8 million of mobile VoIP revenues were generated in North America, Europe, Asia Pacific and Latin America. This is expected to grow to $29.57 billion by 2015.

"The emergence of flat rate mobile data pricing, positive growth of smartphone shipments, and high-speed mobile broadband availability has spurred the adoption rate of mobile VoIP," said Frost & Sullivan Senior Industry Analyst, Saverio Romeo. Source: http://voip.biz-news.com/news/2010/05/21/0002

Persons interested in acquiring MSI services or 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.

Release prepared by NMR, LLC

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com