Vyke 3Q numbers boost shares

Doug Mohney — Mon, 20 Oct 2008 10:05:25 -0400

UK-based Vyke Communications's third quarter numbers have boosted the company's stock price for today. At press time, Vyke's stock was up 3.5 percent and had peaked at almost 5 percent up early today.

Vyke says it is on track to become EBIDTA and cash flow positive on an ongoing month by month basis by the end of the year. It reports 1.8 million customers, an increase of 326 percent compared to 3Q 2007. It has been adding customers at an average of 14,000 per day since 2004. The company says it has a "strong start" with twenty-one Fortune 500 companies participating in its pilot mobile VoIP projects.

Late in September, Vyke sold off its declining calling card business to Direct Connect International and expects to get $1.65 million over the next three years on an earn-out basis; the sale also freed up $50K per month in assorted equipment, hosting and legal expenses.

From a business perspective, Vyke has avoided the "me too" trap of many mobile/web VoIP companies. It has aggressively adopted a Wi-Fi strategy and has a targeted marketing strategy to bring Asian expats onboard.

For more:
- Proactive Investor reports on Vyke share prices up on 3Q numbers

Vyke targets Asian expats in UK

Pete Wylie — Fri, 22 Aug 2008 14:19:11 -0400

Vyke Communications, a London-based VoIP firm, has announced plans to target the Asian expatriate community in England. To validate the new marketing focus, the company cites an internal study that found 40 percent of expatriates keep in touch with friends and family in their home nation and often accrue huge cellular and text messaging bills in doing so.

Vyke seeks to offer this community VoIP services to reduce the cost of keeping up with loved ones. For instance, users of Vyke's FreeTxT application pay around 6 cents a text message, as opposed to 46 cents at standard cellular rates. Subscribers to Vyke's VoIP service get text messages for free.

The company has enlisted Indian-expatriate cricket star, Sourav Ganguly, to promote the Vyke VoIP service.

For more:
- netimperative.com reports on targeting Asia expats for VoIP