Company Sharpens Focus on Growth Opportunities within the Deaf and Hard-of-Hearing Markets
HACKENSACK, N.J., Oct. 4 -- GoAmerica, Inc. (Nasdaq: GOAM), a leading provider of online and wireless relay services, today announced that it has sold its prepaid calling card division to Nextcarrier Telecom, an FCC-licensed carrier providing international long distance services. Terms of the transaction were not disclosed.
"As we execute our core strategy, the Company's financial position has continued to improve. Selling the prepaid business now enables us to concentrate 100% of our capital and management resources on delivering innovative communications services, such as IP and text/video relay, to people who are Deaf or hard-of-hearing," said Dan Luis, CEO of GoAmerica. "While we have exited the prepaid business, we wish Nextcarrier well in their continued development of that business."
GoAmerica's next quarterly filing will reflect the financial results of prepaid services as a discontinued operation, which will provide investors with the ability to compare the financial performance of continuing operations with prior periods without the inclusion of prepaid services.
About GoAmerica
GoAmerica is a leading provider of online and wireless relay services for people who are deaf, hard-of-hearing, or speech-impaired. The Company's vision is to improve the quality of life of its customers by being their premier provider of innovative communication services. For more information on the Company or its services, visit http://www.goamerica.com or contact GoAmerica directly at TTY 201-527-1520, voice 201-996-1717 or via Internet relay by visiting http://www.i711.com.
Safe Harbor
The statements contained in this news release that are not based on historical fact are "forward-looking statements" that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," "continue," or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve risks and uncertainties, including, but not limited to those of GoAmerica including: (i) our limited operating history; (ii) our ability to respond to the rapid technological change of the wireless data industry and offer new services; (iii) our dependence on wireless carrier networks; (iv) our ability to respond to increased competition in the wireless data industry; (v) our ability to integrate acquired businesses and technologies; (vi) our ability to generate revenue growth; (vii) our ability to increase or maintain gross margins, profitability, liquidity and capital resources; and (viii) difficulties inherent in predicting the outcome of regulatory processes. Such risks and others are more fully described in the Risk Factors set forth in our filings with the Securities and Exchange Commission. Our actual results could differ materially from the results expressed in, or implied by, such forward-looking statements. GoAmerica is not obligated to update and does not undertake to update any of its forward looking statements made in this press release. Each reference in this news release to "GoAmerica," the "Company" or "We," or any variation thereof, is a reference to GoAmerica, Inc. and its subsidiaries. "GoAmerica" and "i711" are registered trademarks of GoAmerica. "i711.com," "i711 Wireless," "ClickRelay" and "Clear Mobile" are trademarks, and "Relay and Beyond" is a service mark of GoAmerica. Other names may be trademarks of their respective owners.
Contacts:
Investor Relations of GoAmerica
Voice: +1-201-996-1717
investors@goamerica.com
http://www.goamerica.com
