SmartServ Completes Acquisition of Prepaid Telcom Distributor KPCCD, Inc.; The acquisition is expected to contribute to record revenues for the company, adding over $2 million in monthly revenue

SmartServ Completes Acquisition of Prepaid Telcom Distributor KPCCD, Inc.; The acquisition is expected to contribute to record revenues for the company, adding over $2 million in monthly revenue

PLYMOUTH MEETING, Pa., Jan. 14 /PRNewswire-FirstCall/ -- SmartServ Online, Inc. (BULLETIN BOARD: SSRV) , a Mobile Virtual Network Operator (MVNO) that provides mobile phone service with the best in low cost pre-paid minute plans and the latest in mobile content, announced today that it has completed the acquisition of KPCCD, Inc., a New York City-based distributor of international prepaid calling cards.
The KPCCD acquisition is expected to contribute to record revenues for the company, adding over $2 million in monthly revenue.
KPCCD distributes prepaid calling cards through a network of hundreds of retail outlets along the East Coast. A UPHONIA(TM) international long distance calling card will soon be introduced via KPCCD's distributor network, in addition to the recently announced family of UPHONIA prepaid mobile phone products.
"SmartServ now has direct access to a broad distribution network that we will use to rapidly build both our prepaid wireless MVNO and international long distance businesses," said Robert Pons, CEO, SmartServ.
SmartServ Online, Inc. (R)
SmartServ, headquartered in Plymouth Meeting, PA is a Mobile Virtual Network Operator (MVNO) using the enhanced Sprint Nationwide PCS Network to provide mobile phone service with the best in low cost, pre-paid minute plans, discounted international long distance, and the latest in mobile content, such as ringtones, mobile games, and images. SmartServ products and services are marketed under the UPHONIA(TM) brand. For more information please visit: smartserv(dot)com/.
Forward-Looking Statements
This news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time-to-time by the Company are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences are described from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to, the "Risk Factors" described under the heading "Certain Factors That May Affect Future Results" in the Company's Annual Report on Form 10-KSB/A for the year ended December 31, 2003 and other SEC filings.
Quelle: SmartServ Online, Inc.