Acceris Communications Acquires Additional VoIP Patent Creates Seminal VoIP Patent Portfolio.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Dec. 9, 2003 Acceris Communications Inc. (formerly I-Link Incorporated; OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACRS ACRS See: Accelerated cost recovery system ACRS See Accelerated Cost Recovery System (ACRS). ) today announced that it has acquired U.S. Patent No, 6,243,373 (the "VoIP Patent"), including a corresponding foreign patent and related international patent applications. The VoIP Patent, together with an existing Acceris patent (U.S. Patent No, 6,438,124, the "Acceris Patent") and its related international patent applications, form an international patent portfolio that covers the basic process and technology that enables Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ("VoIP") communications as it is used in the market today. The VoIP Patent was acquired from Telecom Internet Holdings Ltd. ("TIH TIH Toxic Inhalation Hazard TIH This is Hell! (radio show) TIH Taken in Hand (human relationship) TIH Trip in Hole (oil/gas drilling/geology) TIH Transport Information Highway "), a UK-based company, for an up front payment and a profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of arrangement whereby Acceris will retain 65% of net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). , after cost recoveries, generated by the VoIP patent portfolio, with TIH receiving the balance. Acceris has the option, over the next 12 months, to increase its share of net proceeds to 85% upon payment of certain contractual amounts. "The acquisition of Telecom Internet Holdings' patent is a watershed watershed, elevation or divide separating the catchment area, or drainage basin, of one river system or group of river systems from another system or group of systems. The term is also often used synonymously with drainage basin. event for Acceris," said Acceris Chairman and 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. Allan Silber. "The creation of this patent portfolio positions our Company as a major participant in the industry's adoption of VoIP. Our team has made a tremendous effort over the past year to reach this point and we are excited to begin working with the industry to realize value from our patented intellectual property." Telecommunications companies See telecom company. that enable their customers to originate a phone call on a traditional handset, transmit any part of that call via IP, and then terminate the call over the traditional telephone network, are utilizing Acceris' patented technology. Acceris intends to aggressively pursue recognition in the marketplace of its intellectual property via a focused licensing program. The comprehensive nature of the VoIP Patent, which is titled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System," is highlighted by the patent's abstract, which describes the technology as follows:
"A method and apparatus are provided for communicating audio
information over a computer network. A standard telephone
connected to the public switched telephone network (PSTN)
may be used to communicate with any other PSTN-connected
telephone, where a computer network, such as the Internet,
is the transmission facility instead of conventional
telephone transmission facilities."
Combined with the Acceris Patent, which is titled, "Voice Internet Transmission System," Acceris now owns the earliest identified patents linking the PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. to the Internet for voice transmission. The Acceris and VoIP Patents are posted for interested parties on the Acceris website at www.Acceris.com. Since August 2002, when the Acceris Patent was issued, Acceris has worked with several law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
VoIP is one of the most promising technologies in the telecommunications market. In addition to eliminating long distance charges for the portion of any telephone call transmitted over the Internet: -- VoIP networks are significantly less capital intensive to build, much easier to deploy and much less expensive to operate and upgrade than the legacy PSTN. -- VoIP makes far more efficient use of bandwidth than traditional circuit-based telephone systems, enabling the transport of higher volumes of call traffic and data at much greater speeds and at lower cost. -- VoIP networks enable the cost-effective deployment of enhanced services, such as unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. , over legacy infrastructure. About Acceris Acceris Communications Inc. (formerly I-Link Incorporated) operates through specific marketing channels: Acceris Communications Partners (www.accerispartners.com), which offers a broad selection of voice and data telecommunications products and services to residential and business customers through a network of independent agents, primarily via multi-level marketing Multi-level marketing (MLM, now sometimes called network marketing) is a business model that combines direct marketing with franchising. Multi-level marketing businesses function by recruiting salespeople (also called Distributors, Independent Business and commercial agent programs; Acceris Communications Solutions (www.accerissolutions.com), which offers voice services and fully integrated, fully managed data services to enterprise customers directly; and Acceris Communications Technologies Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry (www.acceristechnologies.com), which offers a proven network convergence solution for voice and data utilizing its patented Voice over Internet Protocol ("VoIP") communications technology. For further information, visit Acceris' website at www.acceris.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Acceris' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which it currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and other risks detailed from time to time in the Company's securities and other regulatory filings. |
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