i2Telecom International Inc. recently announced new distribution agreements, including a number of national retail chains, for its new VoiceStick device developments the company says, in part, are expected to result in a tenfold increase in revenue this year over 2004.
i2Telecom says it expects to exceed $10 million in 2005; the company had less than $1 million in revenue in the year ended Dec. 21, 2004. VoiceStick is a plug-and-play, portable key chain-sized device that inserts directly into the USB port of most desktop or notebook computers as well as some PDAs. The patent-pending device instantly allows users to make domestic and international long-distance calls via the Internet with the use of an included Plantronics M60 headset. Once the VoiceStick is installed in the USB port, a dialpad display enables users to call any telephone in the world directly from their computer, utilizing VoIP technology, at a fraction of normal long-distance rates.
In addition to the undisclosed national retailers, the company announced a distribution agreement with World Leadership Group to test, private-label and resell VoiceStick. WLG is an independent marketing company that sells its mortgage and real estate services through a network of thousands of independent sales representatives. Under the agreement, WLG will begin offering VoiceStick and a customized VoIP plan to its realty division, Global Realty Marketing, under the name WLG Connect.
Another agreement has been made with Digital & Wireless Group Inc. for the travel retail market. Digital & Wireless is a specialist in laptop computer and mobile communications accessories with more than 2,000 business and retail customers worldwide. It will begin offering i2 Telecom’s VoiceStick to travelers worldwide through airport retailers, duty-free shops, airlines, cruise lines, etc. Digital & Wireless has agreed to an initial order for 15,000 units.
“Our distribution agreement with Digital & Wireless, along with our recent agreement with WLG, demonstrates the traction we are gaining with VoiceStick device through multiple marketing channels,” says i2Telecom CEO Paul Arena. “We are encouraged by the immediate and growing interest in our patent-pending VoiceStick technology.”