INDIANAPOLIS, June 21, 2011 (GLOBE NEWSWIRE) -- My Social Income, Inc. (Pink Sheets:MSOA) ( ) 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 or
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 . One can also see comparable rates for our global competition at .
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 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