SEOUL, South Korea, Nov. 1, 2018 /PRNewswire/ -- I-ON Communications Co., Ltd., a wholly-owned subsidiary of I-ON Communications Corp. (OTCQB: IONI) ("I-ON" or the "Company"), www.i-on.net, a Seoul, South Korea-based global enterprise software company focused on delivering leading CMS and unstructured data management products and solutions to mid- and large-scale enterprises, announced today that it has executed a memorandum of understanding (MoU) with Singapore-based Hyper Resources Interactive Pte Ltd. ("Hyper Resources"), a leading enterprise document and record management solutions developer and distributor. Established in 2003, Hyper Resources is an enterprise solutions company that helps mid- to large-scale enterprise customers digitize, store, access and manage their document-based data, including document and records management and digital electronic forms.
Under the terms of the MoU, the two parties will collaborate beginning immediately, with an eye towards formalizing a more defined mandate by the first quarter of 2019 and playing into Singapore's longer-term growth prospects in enterprise CMS and unstructured data management solutions. Hyper Resources will assist with marketing and utilize I-ON's core CMS suite of ICS6, IDAS, IDS, ICS and eForm solutions, while I-ON assists with operational and technical support as well as solutions training.
According to Gartner, Singapore's enterprise CMS market is projected to exceed US$100 million in the coming few years, while the APAC region as a whole is forecasted to well-exceed US$900 million. "With Singapore's electronic document management and broader CMS market still growing at a double-digit rate year over year, we believe that I-ON Communications' proven comprehensive solutions will help us strengthen our Singaporean and ASEAN customer base and ultimately contribute a larger percentage to our revenue base going forward," stated Mr. James Oh, Chairman of I-ON.
"Leveraging experienced, proven and multi-dimensional enterprise channel partners such as Hyper Resource Interactive has worked well for us in the past, particularly with our existing joint ventures in Indonesia and Japan. We view this engagement as one of multiple initiatives taking hold with respect to our early but growing presence in key regions of South East Asia," Oh said.
Third Quarter Financial Results Announcement
The Company will report third quarter results for the period ending September 30, 2018, on or before Tuesday, November 13th, 2018, with a conference to follow on Wednesday, November 14th 2018 at 8:30AM (Eastern Standard Time). The dial-in information is as follows: 833-302-1536 with the meeting ID 343-012-0000.
About Hyper Resource Interactive
Incorporated in 2003 in Singapore, Hyper Resources Interactive is an enterprise document and records management solutions and integration service provider, with emphasis on digital transformation of enterprise document data.
About I-ON Communications Corp.
I-ON Communications, Corp, is a Seoul, South Korea-based enterprise software company founded in 1999. After being awarded its first of six patents by 2003, the Company has since evolved into an industry-leading and recognized developer of enterprise-class unstructured data management and digital marketing software solutions. I-ON has sold to over 1,000 mid to large clients across numerous verticals in both the private and public sectors, primarily throughout South Korea, Japan and Southeast Asia. The Company has 11 products at market that enable clients to create, measure, and optimizes digital experiences for their audiences across marketing channels and devices. These encompass enterprise web content management (CMS), web experience and service delivery software, digital marketing, smart mobility and analytics tools and energy management systems. I-ON's large R&D team has designed and developed industry-leading technologies that are compliant with global standards including GS (Good Software) and NET (New Excellent Technology), while holding numerous domestic and global industry awards and recognition from the likes of Gartner and Red Herring.
Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Sang Min Lee / Byung Woo Yu
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