Ambicom Hldgs Inc. (PINK:ABHI)

MILPITAS, CA--(Marketwired - Sep 25, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and complex IT environments with more than one million devices sold worldwide, today announced that it has signed a Joint Development and License Agreement with PC Drivers HeadQuarters (DHQ) s/b/a Driver Support to use AmbiCom's Veloxum solution for the development and commercialization of software products targeting home users.

Based in Austin, Texas, privately held DHQ is the leading provider of automated support products that update and maintain the complex list of drivers on home PC products for over 4 million active users. AmbiCom and DHQ will jointly develop the integration of the Veloxum application into the current DHQ offering. This will add the capability of automated performance tuning to the current offering of PC Driver Support.

"DHQ was one of the first to commercialize the internet, selling and supporting software products online since 1996. This relationship is expected to bring in at least $5 million of recurring revenue for the next calendar year and up to $30 million per year once it is fully launched," said John Hwang, Chairman and CEO of AmbiCom.

"After offering technical support for home PC users for 20 years, we look forward to improving PC performance for our customers," said Michael Hurd, President of DHQ.

It is anticipated that this combined offering will be market-ready by the end of the first quarter of AmbiCom's 2015 fiscal year.

MILPITAS, CA--(Marketwired - Aug 12, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and optimizing complex IT environments with more than one million devices sold worldwide, today announced that the Veloxum solution is about to enter the massive gaming marketplace via enterprise server and home PC solutions to enhance performance for improved gaming-play and user experience.

The worldwide video game market totaled $93 billion in 2013 and is expected to reach $110.8 billion by 2017 (Gartner). There are over 400 million active massively multiplayer online gamers with over 180 million active players paying for services and/or enhancements to enrich their game-play (NewZoo). There are over 650,000 servers for online PC games and over 600,000 servers for online console-base game worldwide (Gartner).

"Online gamers understand the benefits of performance and that is what we deliver.  This is a tremendous opportunity for Ambicom's Veloxum application to give an edge to our customers in a very real sense." states Kevin Cornell, President of Ambicom.

AmbiCom plans to launch the Veloxum Gaming solutions in mid-September of this year.

MILPITAS, CA--(Marketwired - Jul 8, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and optimizing complex IT environments with more than one million devices sold worldwide, today announced that the Veloxum solution is now fully integrated with the Kaseya Virtual System Administrator (VSA).

The Veloxum automated server and workstation tuning solution can now be taken advantage of by Managed Service Providers (MSP's) using the Kaseya platform while solely operating within the Kaseya console. Tuning changes are logged, performance improvements are measured, and all of this data can be accessed using Kaseya generated reports, ready for customer consumption. This solution eliminates customer complaints about excess capital costs, slow backups, poor cloud performance, and sluggish response. Specific extensions have been created for SharePoint, Outlook, Exchange, SQLserver, Oracle, and the cloud.

According to Research and Markets, the MSP marketplace is expected to grow from $142.8 billion in 2013 to $256.1 billion in 2018, a 12.4% CAGR. There are roughly 25,000 MSP's of all sizes operating within this marketplace. The largest MSP platform for remote management is the Kaseya VSA. .

MILPITAS, CA--(Marketwired - Jun 30, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and optimizing complex IT environments with more than one million devices sold worldwide, today announced that it has appointed a distributor for the Veloxum product line in South Korea.

The distributor, Insung Digital Co. Ltd, based in Seoul, South Korea is granted a license to distribute, market, and support Veloxum products and services to end users in South Korea. Insung Digital Co. Ltd, a leading South Korean distributor, will distribute Veloxum solutions to Value Added Resellers, System Integrators, and sub-Distributors and provide assistance and support for end users in South Korea. Mr. In Young Lee is the CEO of Insung Digital Co. Ltd.

The cloud computing service market size in South Korea is $612 million (Innogrid 2011). The construction and operation of the Government Cloud Service Testbed (KCC) in South Korea requires 2,424 CPU cores, 6,448 GB of memory, 151.5 TB of HDD, and 240 TB of NAS alone (Korea Communications Commission). "This is just another initial leap toward expanding our Veloxum software solution to the global market," stated AmbiCom's CEO, John Hwang. "This will open doors for more international partnerships and growth through the global market."

MILPITAS, CA--(Marketwired - Jun 23, 2014) -  AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and optimizing complex IT environments with more than one million devices sold worldwide, today announced that it has appointed an Exclusive Sales Agent to represent the Veloxum product line in South Korea.

The Exclusive Sales Agent, Doo Sik Kim, is tasked with expanding the market presence for the Veloxum products and services to technology companies located in South Korea. Mr. Kim will provide introductory, sales, and advisory services to assist AmbiCom with business development and new account acquisitions. Mr. Kim is the CEO of Frontier Technology Ltd. in South Korea. AmbiCom agrees that it will not appoint any additional sales agents within Korea so long as a minimum of 250,000 deployed agents are sold within the first year, and a minimum of 500,000 deployed agents are sold the following year.

The cloud computer market in South Korea is expected to grow at an average rate of 22% per year between 2013 and 2018, according to a Research and Markets report that says government initiatives will contribute to the market growth. "With the ever expanding cloud computing market and server demand in Korea, we expect to see great revenue growth with the help of Mr. Kim," stated AmbiCom's CEO, John Hwang.

MILPITAS, CA--(Marketwired - Jun 18, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and tuning software products targeting the healthcare market and complex IT environments with more than one million devices sold worldwide, today announced that it has signed a Letter of Intent with PC Drivers HeadQuarters (DHQ) to use AmbiCom's Veloxum solution for the development and commercialization of software products targeting home users.

AmbiCom and DHQ will jointly develop the integration of the Veloxum application in to the current DHQ offering. This will add the capability of automated performance tuning to the current offering of PC Driver Support. It is anticipated that this combined offering will be market-ready by the end of the first quarter of AmbiCom's 2015 fiscal year. The relationship is defined as OEM, with DHQ as the OEM and the Veloxum product being the add-in functionality.

DHQ was one of the first companies to commercialize the internet, selling and supporting its products online since 1996. Based in Austin, Texas, privately held DHQ is the leading provider of automated support products that update and maintain the complex list of drivers on home PC products for over 3 million active users. This relationship will give Ambicom access to the global installed base of 2.3 billion* Personal Computers (*according to Gartner Research).

"By adding to the existing Drivers' offering we are able to address a market valued at almost $69,000,000,000. DHQ has been successfully addressing this market for almost 20 years and they bring that knowledge to this relationship. We look forward to bringing performance to the home user marketplace," said Kevin Cornell, President of AmbiCom.

"Drivers has been highly successful over the past 20 years offering online technical support for home users. We look forward to adding performance to our offering, to create a truly unique capability for home users," stated Michael Hurd, President of DHQ.

MILPITAS, CA--(Marketwired - May 14, 2014) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of innovative wireless hardware and software products targeting the healthcare market with more than one million devices sold worldwide, today announced that it has reached closing the Asset Purchase Agreement with Veloxum Corporation, a performance management company that specializes in optimizing complex IT environments.

AmbiCom will issue a total of 13,100,437 common stock shares for the Asset Purchase. 6,550,218 shares can legally become unrestricted on the first anniversary of the closing date. The remaining shares can legally become unrestricted on the second anniversary of the closing date.

Kevin Cornell will be positioned as the President of AmbiCom. Mr. Cornell was the former CEO and co-founder of Veloxum Corporation and previously the COO of Symphoniq (now Coradiant). Michael Lazar will be positioned as the CTO of AmbiCom. Mr. Lazar was the former CTO and co-founder of Veloxum and previously the VP of Network Physics.

"Revenue growth for the next 12 months conservatively estimated to be between $5 million to $10 million with this new product potential and client list," stated AmbiCom Chairman and CEO, John Hwang.

"With only a 1% global Managed Server Provider penetration, we can estimate $18.2 million revenue within the first year," stated the new President of AmbiCom, Kevin Cornell. The global application server market is expected to grow at a 21.95% Compound Annual Growth Rate (CAGR) between 2013 and 2018, according to a recent report by ResearchMoz.

ICOM HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Our sales declined 44% in the three months ended January 31, 2014compared to the three months ended January 31, 2013. Our sales declined by 24% in the six months ended January 31, 2014 compared to the six months ended January 31, 2013. This decline is mainly as a result of a large portion of our products reaching the end of their product life cycle. We expect revenue to increase from introducing wireless device modules including new secure digital input output (“SDIO”) cards, non-healthcare related wireless devices including solar toothbrushes that utilize LED light technology

MILPITAS, CA--(Marketwired - Jun 18, 2013) -  AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of wireless products for the medical and automotive industries, and a distributor of innovative healthcare products, today announced that it has received a $200,000 order for their WL54-CF WiFi cards to be used in the world's largest automotive manufacturer's diagnostic device found in automobiles. AmbiCom has supplied WiFi cards to this manufacturer in the past and this represents the sixth order for the company to this customer. Delivery is expected to occur during the fourth calendar quarter of this year.

AmbiCom has seen a significant turnaround in its business and for the nine month period ending April 30, 2013, revenues for the company increased by 119% for the period over the like period one year ago as customers increased demand for the company's newer wireless cards. The company reported net income for the nine month period of $387,537 or $0.037 per share. The company has more than $1.4M backorders to be shipped within the next two quarters.