IVoice, Inc. retained Rhodes Holdings LLC (“RHL”) for management consulting associated with the recently completed change of control from previous management to American Security Resources Corp. (“ARSC”) RHL is working with ARSC management, now iVoice’s management as well, to clarify and announce specific steps associated with iVoice’s Hydra Fuel Cell subsidiary and its business plan, operations plan, and funding.
“Rhodes Holdings is taking our previous ARSC business plan and integrating it with the recently completed acquisition of iVoice, Inc. by ARSC. Management believes that the forthcoming communication of our combined plans will be concise, integrate with realistic funding, and allow us to continue operations at Hydra Fuel Cell Corporation,” said iVoice, Inc. Chairman and CEO Mr. Frank Neukomm. “Our ‘go forward plan’ phases are:
- Phase 1 is concise plan communication for both iVoice and ARSC,
- Phase 2 is funding and debt repayment,
- Phase 3 is operations, and
- Phase 4 is an iVoice shares dividend.”
In the coming weeks, iVoice and ARSC will provide new investor materials and commentary from management on our business plan and its implementation.
About iVoice, Inc.
iVoice, Inc. (“IVOI”) soon to be renamed Hydra Fuel Cell Corporation after its wholly owned subsidiary Hydra Fuel Cell Corporation (‘Hydra”), develops and manufactures advanced proton exchange membrane based hydrogen fuel cells. Hydra produces fuel cells with capacities from 500 watts to 5 kilowatts, primarily for residential and light commercial use.
About American Security Resources Corp.
American Security Resources Corp. (“ARSC”, http://www.americansecurityresources.com) owns and develops unique intellectual property related to hydrogen fuel cells and business activities to help speed their implementation, funding, and sales. In early 2012, ARSC took control of iVoice, Inc. in order to incubate, fund, and eventually dividend out its wholly owned subsidiary Hydra Fuel Cell Corporation, now an iVoice, Inc. subsidiary.
About Rhodes Holdings LLC
Rhodes Holdings LLC (“RHL”, https://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt. RHL management consulting is provided within the framework of its copyrighted RHL Methodology.
Safe Harbor Statement
The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.
This press release was originally released by American Security Resources Corp. (Frank Neukomm) at 8:00 AM CST.