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I2Telecom International Inc. (ITUI) Sells Selected Patent to Sinon Data LLC for $6.5 Million in Cash, Article Posted on


Frisco, TX -- (ReleaseWire) -- 06/06/2008 -- announces the publication of ” I2Telecom International Inc. Sells Selected Patent to Sinon Data LLC for $6.5 Million in Cash”

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In the article the author covers I2Telecom International Sells Selected Patent to Sinon Data:

“According to Internet World Stats, as of September 30, 2007, there were 1.2 billion Internet users worldwide; this is expected to reach two billion by 2011. The growing trend in Internet use contributes to an expanding customer base for VoIP services, which offer an alternative communications technology that surpasses traditional landlines, by translating voice into data packets, transmitting the packets over Internet networks and reconverting them into voice at the destination.

“i2Telecom International Inc. provides telecommunications services incorporating Voice over Internet Protocol (VoIP) technology. The company has developed Internet access devices based on its proprietary VoIP technology that enables residential and business phone systems (PBX) to complete calls over the Internet utilizing i2Telecom's global network and advanced routing technologies.

“i2Telecom recently announced it has sold a selected patent, along with certain patent applications, to Sinon Data LLC for $6.5 million in cash. The patent, along with the certain patent applications sold...”

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