Norman George, President said previously the company announced plans to look at marijuana related business opportunities. After careful review, the Board of Directors has decided against pursuing marijuana related business opportunities and to stay on board with the original goal of acquiring controlling interests in profitable small businesses as well as its existing operations, under its d.b.a. Everybody’s Phone Company.
Our market research has discovered a niche market who need landline home telephone service without the frills and offers the budget conscience consumer a choice over the big telephone companies, which gives us a competitive advantage. In fact, in 35% of our target market our service is the only one available. Basic communication like local landline and 911 emergency access are lifelines to many people.
Through our reseller agreements with our service providers (Verizon and AT&T) we are able to purchase and in turn resell “plain old telephone service” (POTS) at a discounted rate.
The benefits to our prepaid telephone services:
• No credit check
• No deposit required
• No social security number needed
• Consumers who have loved ones that are incarcerated are able to stay in touch.
• Consumers who are on a fixed income can rely on the same budget priced rate every month.
• Consumers who have medical devices that rely on a landline to communicate with doctors and hospitals will benefit as well.
• Governmental subsidies are available monthly to those consumers who qualify.
• POTS maintains connection during major power outages 95% of the time.
Norman George, President is very excited about the future and the decision to focus company resources on executing contracts with our service providers, which includes the prison system as well as state and federal assistance providers. We will provide updates on coming events as our business plan unfolds over the next few months.
About SW Innovative Holdings, Inc.
SW Innovative Holdings, Inc., sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State. Once SWHI achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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