My Social Income Inc. Posts Q2 Report in Line With 2010 Growth Initiatives

The company is also progressing well with it's strategic Fring Affiliate relationship ( www.Fring.com ) which leverages a user's mobile phone internet capabilities to establish direct (peer-to-peer) connections between callers. This proprietary connectivity enables pure VoIP communication -- supporting both mobile-to-mobile VOIP calling and also mobile/PC calling.

Recent report from Frost

A recent report from Frost and Sullivan, a prominent research firm, notes that VoIP is no longer just hype, but has become a credible threat to traditional voice revenues, says the firm. According to the research group, considering that this is only a matter of time when IP becomes the principal transport for various access technologies, an ambitious group of mobile VoIP start-up companies are creating a paradigm shift in the way users communicate with each other, with voice services moving to a true internet era.

New analysis from Frost & Sullivan, impact of mobile VoIP features, finds that at the end of 2008, approximately $605.8 million of mobile VoIP revenues were generated in North America, Europe, Asia Pacific and Latin America. This is expected to grow to $29.57 billion by 2015.