iVoice, Inc. Retains Rhodes Holdings for Go Forward Plan
03 April 2012 - 3:00PM
IVoice, Inc. (OTC:IVOI) retained Rhodes Holdings LLC ("RHL") for
management consulting associated with the recently completed change
of control from previous management to American Security Resources
Corp. (OTC: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 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", new website coming soon), 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", http://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 and documented 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.
CONTACT: Frank Neukomm
info@amsrcorp.com
713-465-1001
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