LAS VEGAS, Aug. 11, 2009 (GLOBE NEWSWIRE) — A profile examining one company’s efforts in the intriguing realm of Abbreviated Dial Codes (ADC’s) and the monetization of this technology has been made available to investors of wireless communication companies Single Touch Systems, Inc. (OTCBB:SITO), AT&T (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Sprint Nextel (NYSE:S), and Motorola Inc. (NYSE:MOT).
http://www.otcjournal.com/Single-Touch-Systems-Inc/SITO/af/profile/
From the report: "Imagine if you had the opportunity to invest in a small cap growth company that owned every 1-800 number back when toll free numbers appeared in 1967. Then, imagine your small cap company earned a fee every time a 1-800 number was dialed. You’d have made a fortune on that investment. Entire companies have been built around toll free numbers- 1-800 Flowers is one example. Today’s small cap growth company, Single Touch Systems, has a toll booth for the next generation of 800 numbers in the wireless world and dominates the first generation of wireless, easy to dial, toll free numbers."
Market Update: Recently, Single Touch Systems, Inc. (OTCBB:SITO) announced the acquisition of a Patent Portfolio containing multiple patents and patents pending related to mobility, including patents on streaming advertising media to mobile devices. The Patent Portfolio represents a managed media solution for building nationally scalable marketing campaigns for mobile devices across carriers. With this strategic acquisition, Single Touch Systems, the wireless leader in Abbreviated Dial Codes, has positioned itself in the forefront to provide a first of its kind advertising and redemption system in the wireless industry.
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About SITO: Single Touch Systems, Inc. (OTCBB:SITO) provides wireless operators, consumer brands, and retailers with innovative mobile commerce delivery solutions. Single Touch enables consumers to engage their mobile phones as proxy wallets or brand/retail environments by simply dialing a short branded phone number, or Abbreviated Dial Code (ADC). Single Touch System’s ADC platform is customizable to the needs of brands and retailers, creates whatever reporting is required, and facilitates operator direct billing for all services.
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