Charlotte, NC; October 31, 2003 - DecisionPoint International, a boutique Investment Bank providing merger and acquisition services to middle-market technology clients, announced today that Inflexion Communications Corporation (“Inflexion”) has purchased certain assets of its client, In Touch Communications, Inc. (“In Touch” or “Company”).
Founded in 1998 and headquartered outside Los Angeles, California, In Touch is the largest prepaid home dial tone provider in California with nearly 15,000 prepaid customers. The Company operates as a Competitive Local Exchange Carrier (“CLEC”) and is certified in California and Nevada. In Touch has achieved significant market share in California with its prepaid residential phone service and has a vast distribution and collection network with over 800 relationships with authorized sales agents and payment centers. In Touch’s venture investors include The Edgewater Funds and Bluestem Capital Partners.
About In Touch Communications Corporation
In Touch is the largest prepaid home dial tone and 911 emergency service provider in California with nearly 15,000 prepaid customers. The Company operates as a CLEC and is certified in California and Nevada. The Company serves the “cash-based” or “credit-impaired” market; guaranteeing local and long distance phone services to individuals as long as they prepay each month and maintain a current balance. In Touch has a vast distribution and collection network with over 800 relationships with authorized sales agents or payment centers, primarily check cashing centers, located throughout California and Nevada. In Touch has penetrated nearly all the large payment center chains in California and has an exclusive relationship with over 95% of the payment centers. For more information, visit www.intouchcomm.com.
About Inflexion Communications Corporation
Inflexion is headquartered in Detroit, Michigan and leverages the integration of the phone, computer, and the Internet to deliver advanced communications services to small business customers. Inflexion is certified as a competitive carrier in 19 states and operates in 12 markets. The Company’s lead investor is Fleet Bank, the seventh largest bank in the US.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.