JACKSONVILLE, Fla: The Telecom and Internet Industry is always evolving and companies must stay ahead of the curve. Timothy Foss (Founder of Itellum Limitada in Costa Rica) has been hired to grow business lines across multiple segments spanning Ricochet's Internet and Telecommunication markets globally.
Foss's plans for Ricochet Global include, but are not limited to, expansions of both their retail and enterprise telecommunications products to include Cloud, SaaS, Unified Communication, Internet connectivity, and conferencing services globally.
"Timothy Foss and Itellum are recognized leaders in the USA as well as Central & South America marketplaces. The products and technology Itellum owns will complement and accelerate our current business strategy," said Jason Mumper, Ricochet Global's Chief Operating Officer. "The entire Ricochet Global organization is very excited to bring Timothy on board as we continue to diversify into new product offerings and revenue streams together."
Timothy has an extensive background in the industry with previous positions including a Director role at IDT Corporation (IDT) where he oversaw all new business development for the North American markets. More recently Foss has spent the last 6 years building out Itellum, a licensed, local facilities based, telecommunications and Internet Service Provider (ISP) in Costa Rica. Ricochet has an exclusive option to acquire a portion of Itellum into 2018.
Itellum provides Costa Rican businesses with "niche products" including: 1:1 International Fiber Optics, Wireless Internet, and locally owned Voice & Data networks. The company also has plans in place for Nicaragua, Guatemala, El Salvador, Honduras and Panama. Itellum offers concierge type Internet and Data services to its customers throughout all of Latin America. This makes for a very complete package allowing for a very easy and convenient new customer turn-up process.
"Accepting the offer from Ricochet was an easy one. They have a great reputation throughout the industry and we have many synergistic opportunities together. I welcome the challenge and the role as the new Director of Corporate Strategy," said Mr. Foss.
Ricochet is a well-known global telecommunications company with offices and infrastructure located between Virginia, South Africa and now Costa Rica since the addition of Mr. Foss. Ricochet is a profitable debt-free telecommunications and Internet Service Provider. For the purposes of financial reporting and management, we adhere to the principles of US GAAP. Our financial statements are reviewed and compiled by an outside CPA firm. Ricochet has long-standing credit and banking relationships for future M&A and references are available upon request. We do not have outside investors. Ricochet, LLC is a licensed International carrier under section 214 of the Federal Communications Commission (# ITC-214-20121031-00296). Ricochet is also a licensed to be a contributor to the Universal Service Fund under the 499 Filer database (# 829530).
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