Acceris Communications Completes Acquisition of Transpoint Communications.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--July 30, 2003 Acceris Communications Partners announced today that it has completed the acquisition of Local Telcom Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , d/b/a Transpoint Communications ("Transpoint"). Based in Agoura Hills, CA, Transpoint offers voice and data services through commercial agents. "We are pleased and excited to have Transpoint join the Acceris Communications team. Transpoint's strong West Coast sales channel fits extremely well with the primarily East Coast commercial agent sales organization that we acquired through the RSL RSL - RAISE Specification Language transaction in December," commented Allan Silber, 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. of I-Link Incorporated, the parent company of Acceris Communications Partners. Transpoint's customers will be migrated to the Acceris Communications voice and data networks during the third quarter. Ken Hilton, CEO of Acceris Communications Partners added, "By bringing in Transpoint's revenue as well as realizing back office savings, we expect this acquisition to contribute positively to our bottom line on a post-integration basis." Acceris Communications Partners is a facilities-based IXC (1) (IntereXchange Carrier) An organization that provides interstate (long distance) communications services within the U.S., which includes AT&T, MCI, Sprint and more than 700 others. See LATA. (2) (IXC Communications Inc., Austin, TX, www. that offers a diverse selection of voice and data telecommunications products and services to residential and business customers nationwide. Today, Acceris Communications Partners is a division of I-Link Incorporated (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Electronic Bulletin Board: ILNK), an enhanced voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. company. I-Link is a subsidiary of Counsel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CXSN / TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CXS CXS Coherent X-Ray Scattering ). About I-Link Incorporated I-Link plans to amend its Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. to change its name from "I-Link Incorporated" to "Acceris Communications Inc.," subject to approval of the amendment at the Company's next Annual Meeting. Acceris Communications conducts its principal operations through three strategic business units: Acceris Communications Partners (www.accerispartners.com), which offers a diverse 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 and commercial agent programs; Acceris Communications Solutions (www.accerissolutions.com), which offers voice services and fully integrated, fully managed data services to enterprise customers; and Acceris Communications Technologies (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 I-Link's website at www.i-link.com. About Counsel Corporation Counsel Corporation (TSX: CXS / NASDAQ:CXSN) is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a focused on acquiring and building businesses using its financial and operational expertise in two specific sectors: communications and real estate. Counsel's communications platform is focused on building upon its existing communications investments, I-Link Incorporated and its wholly-owned subsidiary WorldxChange Corp., through organic growth and by acquiring substantial additional customer revenues. Counsel's real estate platform has a focused strategy of investing in and developing income producing commercial properties, primarily retail shopping centers. For further information, visit Counsel's website at www.counselcorp.com. Forward-Looking Statements 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 I-Link's and Counsel Corporation's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which they currently operate, but because of the factors herein listed, as well as other factors beyond their 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 Companies' securities and other regulatory filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion