''VoIP'' Market Targeted by GTC Telecom; GTC Telecom Corp. Plans to Market VoIP Consumer and Business Services to Its Affiliates and Customer Base.COSTA MESA, Calif. -- GTC GTC See: Good 'til cancelled order GTC See good-till-canceled order (GTC). Telecom Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GTCC GTCC Greater Than Class C (waste) GTCC Gas Turbine Combined-Cycle (power plant) GTCC Government Travel Charge Card GTCC General Trading & Contracting Company ) today announced that it plans to enter the Voice-Over-Internet-Protocol (VoIP) marketplace before the end of first half of 2005. VoIP costs trend lower than wire lined or cellular services. With increased competition and low rate pressure driving the telecommunications market, GTC sees VoIP service as a highly desired option for its residential, business, and enterprise level customers. GTC's main competitors in the VoIP marketplace are Vonage Holdings Corp, 8x8, Inc (Nasdaq:EGHT), Net2Phone, Inc. (Nasdaq:NTOP NTOP Nt Option Pack ) and VoIP, Inc (OTCBB:VOII). S. Paul Sandhu, GTC's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "By expanding our voice and data services to include VoIP solutions, we are taking the company into the future of telephony. VoIP provides telephone service over Internet connections, which gives our customers a new alternative for telephone service. We plan to market this new service through our existing affiliate network as well as other marketing channels. Five years ago GTC set the standard for quality and value-added services at industry leading low rates; we plan to make the same mark in the VoIP marketplace." Industry analyst firm, IDC, forecasts that the total market for VoIP equipment will reach $15.1 billion by 2007 with a compound annual growth rate of 44 percent. Citing research from Gartner Dataquest, the VoIP services market is expected to reach $11.3 billion by 2007, with a compound annual growth rate of 27.2 percent. About GTC Telecom Founded in 1997, GTC Telecom and its subsidiaries provide local, long-distance, conference calling and toll-free services; dial-up and DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Internet access to residential customers throughout the United States; as well as Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services. GTC provides its services directly to consumers, as well as through affiliate marketing programs. For more information, visit www.gtctelecom.com. This release may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. This report should be read in conjunction with the Company's annual report on Form 10-KSB and it's quarterly reports on Form 10-QSB. The Company's results may vary significantly from quarter to quarter and will depend, among other factors, on product launches and market acceptance, manufacturing contracts, and distribution agreements. |
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