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Mycom Increases Contracts With CBS Personnel Holdings
Mycom Group, Inc. (OTCBB:MYCM), a technology products, managed services, and software development company, announced it has more than tripled the size of its' service contract for the use of mycomPRO mailMAX with CBS Personnel Holdings, Inc. During the past year, the contract has been increased from coverage of CBS Personnel to include Venturi Staffing Partners and Columbia Staffing and Health Care services.
CBS Personnel Holdings, Inc. is a dominant player in the commercial staffing market. Headquartered in Cincinnati, Ohio, the company's three divisions, service thousands of customers each week from the more than 135 offices located in sixteen states. Over 800 professionals staff these offices, fielding upwards of 20,000 temporary associates each week.
The IT Director of CBS Personnel Holdings, Inc., Brian Gilligan, stated, "The very granular mailMAX spam and virus filtering system provides the flexibility and ease of use that is satisfying the needs of the employees throughout all of our divisions."
Gilligan continued, "We are sensitive about the security and integrity of our Internet e-mail, and mailMAX's scanning of both inbound and outbound helps to reduce the potential liabilities of inappropriate material being transmitted."
The mailMAX(TM) service provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies. Email encryption is also being sold as an add-on feature.
mycomPRO(R) mailMAX(TM) Email Filtering System recently received a prestigious CRN Test Center Award and was named a CRN Test Center Recommended Product by CRN magazine. CRN is the number one computer industry channel newsweekly. The CRN Test Center data is copyrighted by CMP Media LLC. For details on mailMAX(TM) see www.mycomPRO.com.
Mycom Group's mailMAX Receives CRN Test Center Award
CINCINNATI
Equitilink, LLC
877-788-1940 toll-free
858-824-1940 intl.
www.equitilinkpr.com
Mycom Group, Inc. (OTCBB: MYCM), a technology products, and managed services development company, announced its' mycomPRO(R) mailMAX(TM) Email Filtering System has received a prestigious CRN Test Center Award and will be named a CRN Test Center Recommended Product by CRN magazine. CRN is the number one computer industry channel newsweekly. The CRN Test Center data is copyrighted by CMP Media LLC.
A Product Review entitled "MailMAX Delivers On E-Mail Management", written by Frank J. Ohlhorst of CRN was published in the June 6, 2005 magazine edition. It can be read online @ http://www.crn.com/showArticle.jhtml?articleID=163702859&flatPage=true
Mycom's Vice President Managed Services, Chad Mattix indicated, "mailMAX has been recognized and received other awards in the past, but this product review and recommendation by the CRN Test Center really validates its' effectiveness. We at Mycom know how good mailMAX is, and now so will IT managers, resellers and computer industry executives throughout North America."
The mailMAX(TM) service provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies.
Open Letter to Mycom Group, Inc. Stockholders
CINCINNATI
Equitilink, LLC
877-788-1940 toll-free
858-824-1940 intl.
www.equitilinkpr.com
or visit www.mycom.com
Rob Bransom, Chairman and CEO of Mycom Group, Inc. (OTCBB:MYCM) today released the following open letter to the company's stockholders. Mycom markets a wide range of software, hardware, enterprise solutions and technology services. The letter appears here in its entirety.
June 3, 2005
Valued Stockholders,
The directors and officers of the Mycom Group, Inc., are aware that there may be speculation and confusion regarding some recent corporate activities. We want to provide our stockholders as much information as possible concerning the company's recent reverse 1 for 10 stock split, plans for raising capital, and our strategic business plan for the future.
In the Mycom press release, issued May 13th, Mycom's President, Jim Bobbitt provided reasoning for the split:
"The reverse split, which provides flexibility to obtain new
capital, represents the first step in the Company's planned
financing strategy to enhance growth. We are currently in
negotiations with financial organizations, seeking funding
programs which will allow us to invest in advertising, marketing
and development of our sales organization. If we are successful in
raising capital, we should be able to more successfully introduce
and grow our new products. We also believe the stock split
combined with new capital we are seeking will allow us to consider
other growth opportunities such as merger and acquisitions."
The reverse stock split did not materially affect any stockholder's proportionate equity interest in Mycom, nor did it change any rights of the holders of common stock. After the split, the company had 90,000,000 authorized shares of Common stock. Before the split, there were about 74,000,000 shares issued and outstanding. Currently, after the split, there are about 7,400,000 shares issued and outstanding, which provide the company about 82,600,000 shares that can be used for future funding.
The purpose of the stock split was to provide stock:
-- That could be registered and used to raise working capital for the company, without having to approve and add more shares.
-- To raise capital that would be used to support a sales growth and marketing program that includes extensive advertising of Mycom's award winning mycomPRO(R) mailMAX(TM) e-mail security service and the introduction of the new mailMAX with Encryption and planned introduction of mailMAX with Archiving.
-- To raise capital to support expansion of Mycom's direct and channel sales organization
-- To raise capital to be used to reduce the company's debt, interest expense and improve its credit terms with vendors. To help improve the balance sheet.
-- To provide stock that could be used for acquisitions or mergers that would support the company's growth objectives.
It is worth noting that the above reasons also help facilitate the combined activities of the Board, your officers and your investor relations firm to raise interest about Mycom during our communications with institutions and individual investors.
We recognize that some stockholders may have been investors of other stocks that were split--without positive results. Our strategy in taking this action is to enhance stockholder value. This initial step helps us avoid diluting the stock, while obtaining capital, which in turn, should help us to increase revenues and improve the balance sheet. We hope that you will consider Mycom's reasons for taking such an action and that future performance will meet your expectations.
On behalf of the Board of Directors, thank you for your support of the Mycom Group, Inc.
Sincerely,
Rob Bransom
Chairman, CEO
Mycom Group, Inc. Retains Equitilink LLC for Investor Relations
CINCINNATI
Mycom Group, Inc., Cincinnati
Carol Weinstein, 513-891-7867
pr@mycom.com
Mycom Group, Inc. (OTCBB:MYCM), a technology products and managed services provider, announced today that it has retained Equitilink LLC to develop and lead its financial communications and shareholder relations campaign.
Mycom's CEO, Rob Bransom stated, "Mycom's appointment of Equitlink is one of several steps we are taking to make the public, potential customers and investors aware of our company and products. On May 13th, we announced we are in negotiations with financial organizations, seeking funding programs which will allow us to invest in advertising, marketing, development of our sales organization, reduction of debt, and the ability to consider other growth opportunities such as merger and acquisitions."
Bransom continued, "Equitilink was carefully selected for this important task because of their experienced staff of business consultants and I.R. professionals. They specialize in OTC and representing emerging companies introducing new products. Our goal is to raise the awareness of Mycom and our products with the public and investment community. We feel Equitilink's communications programs aimed at shareholders and improving market awareness will help us reach this goal."
A San Diego agency, Equitilink provides a variety of custom services for public companies seeking results-oriented investor relations programs. "We look forward to advising and assisting the Mycom Group," said Tom Mahoney, Managing Director of Equitilink, "and frankly we are quite impressed with Mycom's current proprietary software products, as well as the total solutions approach the company encompasses in its IT security and technology services."
Mycom Announces Reverse Stock Split
CINCINNATI
Mycom Group, Inc.
Carol Weinstein, 513-891-7867
Email: pr@mycom.com
Mycom Group, Inc. (OTCBB:MYCO), a technology products, managed services, and software development company, announced a 1 for 10 reverse stock split of its outstanding shares.
Shares held as of the close of market trading May 13, 2005 will be split and begin trading on a post split basis under the new trading symbol (OTCBB:MYCM), May 16, 2005. Holders of partial shares as a result of the split will receive one full common share for the partial share. After the split, Mycom will have about 7.4 million shares outstanding. The total number of authorized common shares will remain at 90 million. The reverse stock split does not materially affect any stockholder's proportionate equity interest in Mycom, nor does it change any rights of the holders of common stock.
Following the split, stockholders executing trades will receive confirmations of the number of post-split shares on each of their common stock certificates from the Company transfer agent, Nevada Agency and Trust Company.
The Company is presently investigating capital fundraising options. Any additional capital raised at this time would be used to support a sales growth and marketing program for Mycom's award winning mycomPRO(R) mailMAX(TM) e-mail security service and the introduction of the new mailMAX with Encryption and planned introduction of mailMAX with Archiving. Mycom would also aggressively advertise and expand the scope of its' direct and channel sales organization, and seek to reduce its' debt and interest expense.
"The reverse split, which provides flexibility to obtain new capital, represents the first step in the Company's planned financing strategy to enhance growth. We are currently in negotiations with financial organizations, seeking funding programs which will allow us to invest in advertising, marketing and development of our sales organization. If we are successful in raising capital, we should be able to more successfully introduce and grow our new products" stated Jim Bobbitt, Mycom's President.
Bobbitt continued, "We also believe the stock split combined with new capital we are seeking will allow us to consider other growth opportunities such as merger and acquisitions."
The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO(R) brand name, and as a private label. Mycom's technical services include technology security, networking, ISP and co-location. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
