CallKey International Announces Edwards As Board Chairman
BALLASALLA, Isle of Man, -- CallKey International Inc. (Pink Sheets:CKYI), is pleased to announce that, with immediate effect, Paul Edwards will be joining the board as Chairman, succeeding Niles Helmboldt who will remain on the board as Chairman of the Audit and Compensation committees.
Paul is currently Chairman of South Africa-based Merryn Capital and previously the Executive Chairman of Chartwell Capital Group. In Telecoms, Paul was the former Group CEO of MTN, the largest telecommunications operator on the African continent. Paul is currently Chairman of Starcomms, a Nigerian telecommunications operator, and a director of the Africa CDMA Forum, which represents 14 CDMA telecommunications operators in Africa. He is also a member of the CDMA Development Group Council, which includes operators such as Sprint, Verizon, KDDI, and SK Telecom, and is serving as a Director of Net-1, a NASDAQ-listed, smart card-based financial services group. Paul has extensive experience in emerging markets, having worked in South Africa, Hong Kong, Malaysia and Singapore, during which time he gained extensive experience in the IT, business information, television, telecommunications and media industries. Niles Helmboldt, outgoing CallKey Chairman says; “Paul is very well known in our industry, and his experiences, particularly in developing countries and emerging markets is well suited to the Company’s current business and strategic expansion plans.”
At the same time CallKey announces the resignation of Kevin Mulcahy as a board member and CEO of CallKey International Inc. Kevin will continue to serve the Company as a consultant. The CEO position will be taken in the interim, by Kurt Roosen, a founder of the Company. The Company also announces the resignation from the board of David Rector.
CallKey is presently on target to grow revenues by more than 150% in 2007. While revenue growth is very strong, CallKey is seeking additional investment to finance this growth and to fulfill delinquent debt obligations. The company is currently in default of its note payable to Gottbetter Capital Master totaling approximately $4,000,000. All Company assets secure payment of these notes. The company is actively working with Gottbetter to obtain a cure for this default.
Public and Investor Relations
The Company announces the appointment of Strive Public Relations (www.strivepr.com) who will provide corporate communication targeting the Investor Community and the general public.
CallKey International, Inc. (Pink Sheets:CKYI), through its subsidiary, CallKey Group Ltd., is an early leader in the emerging Global MVNO (“Mobile Virtual Network Operator”) telecom sector. CallKey’s expanding portfolio of services are specifically targeted to providing greater flexibility and telecom cost savings to the international traveler. CallKey enables its international network of telecom resellers and distributors to offer their customers a branded, reliable and cost competitive mobile phone service to their customers while they travel abroad. CallKey’s distributors can deliver substantial savings to their customers on international mobile roaming costs when making calls from over 100 countries worldwide. More information is available about CallKey at www.callkey.com.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect our revenues include our inability to finance the purchase of SIM cards or significant delay in providing SIM cards resulting in a loss of our distributors.
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