FOR OVER 20 YEARS
AIC was founded in 1992 as a CRTC approved Long Distance Telecommunications Company in Canada. Since then, AIC has been providing innovative retail telecommunication products and services to the Canadian market, as well as wholesale bi-lateral long distance traffic termination service for national and international telecommunications carriers using multiple class 4 and class 5 soft switches (Software based Central & End Office Telephone Exchanges).
AIC is looking forward to the next twenty years. We always put our customers first and deliver the best service powered by the latest state-of-the-art technology.
— Paul Leung, CEO of AIC
AIC branding is especially strong with new Canadians from Asia because of their superior language of origin customer care, high quality and price competitive telecommunications for voice and Internet access services. Its retail products and services include legacy PSTN (Public Switched Telephone Network) and VoIP based Long Distance telephone services, ADSL and Cable internet access services, prepaid telephone cards, traditional long distance and overseas call back telephone services.
AIC is now expanding into business VoIP (Voice over Internet Protocol) markets using Cisco devices and customer premises equipment (CPE). Targeted customers are small to medium sizes enterprises (SME). As of today, AIC has delivered Smart Business VoIP phone services and Hosted IP PBX business systems to the SME market utilizing its Cloud based platforms. Plans are in place to deploy Managed Business Solutions to the SMEs across Canada this year. Revenue growth will be through its existing retail locations, two in the Greater Vancouver, one in Calgary and one in Toronto. AIC current annual revenue is approximately $2 million and it is EBITDA and cash flow positive.
On July 31, 2013, Empower has acquired AIC as a 100% wholly-owned subsidiary of the Company. By acquiring AIC, Empower has gained a very strong and recognizable brand in the Asian Canadian market, a sales and marketing platform for its embedded and video technologies, products and services, and a telecommunication operating system platform. This transaction increases the revenue base of the entire Empower Group immediately. The acquisition provides AIC the capital to grow its VoIP phone and TV services and fuel its expansion to a full service SME Information Technology (“IT”) and managed business solutions market which includes security and surveillance, cloud based applications and other IT products and services.
AIC is also leveraging Empower’s embedded hardware and software expertise to offer state-of-the-art communication, mobile and video technologies, products and services to their customers. For example, Empower’s Image Signal Correction (ISC) and Image Motion Stabilization (IMS) enabled surveillance camera will be sold through AIC’s sales and marketing channels to shopping malls, schools, universities, and commercial/industrial buildings for their cloud based video surveillance network needs.
The primary objective of AIC’s expansion in the near term is to achieve rapid revenue growth and market penetration in metro Vancouver, Calgary and Toronto. Over the longer term, Empower is positioning AIC as a dominant VoIP phone service, security and surveillance, IT and managed business solution, products and services provider for small and medium enterprises and to leverage Empower’s advanced embedded and video technologies for a competitive advantage.