Access Power Announces Reporting Company Status With SEC.PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--April 19, 1999-- Access Power Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ACCR ACCR Accrue ACCR Aluminum Conductor Composite-Reinforced (3M) ACCR Association des Centres Culturels de Rencontre ACCR Association Canadienne pour la Conservation et la Restauration (Ottawa, ON, Canada) ), a pioneer service provider of Internet Telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. Monday announced it has become subject to the reporting requirements of the Securities Exchange Act of 1934 due to the recent effectiveness of a resale registration filed with the SEC. The company will begin filing regular quarterly and annual reports with the Securities and Exchange Commission, beginning with a Form 10-KSB for its fiscal year ended Dec. 31, 1998 which was filed April 15, 1999. Glenn Smith, chairman, president 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 Access Power stated: "Access Power intends to continue to implement its business plan as a pioneer provider of Internet Telephony services. At the same time, we recognize the need to better inform our shareholders and the investment community as to the status and growth of our business. We expect our public reporting will make that information more easily available to the marketplace, will instill in·still v. To pour in drop by drop. in  stil·la tion n. confidence on the part of our shareholders, and will help investors make informed decisions regarding the company." Access Power provides a variety of Internet-based cutting-edge communication services. The company recently announced a ground-breaking new service called net.caller(tm) which allows a user of a multimedia PC with an Internet connection to place calls to any regular phone in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. for a flat-rate of $10 per month for unlimited usage. "net.caller is the perfect IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. application for today's consumer," said Smith. "It's a true enhanced service Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; that cannot be delivered by today's telcos using switched-based technology. We're glad to be the first to introduce this flat-rate pricing to the PC-to-phone market. Access Power is a development stage company, but expects net.caller to begin driving revenues upward along with recently signed international wholesale termination contracts. The net.caller service is being made available to VocalTec Communications' (Nasdaq:VOCLF) huge embedded user base, and is being concurrently promoted via affiliate marketing programs and Internet banner advertising Banner Advertising A common form of advertising on the internet. The banner is an advertisement of 460x68 pixels, usually placed at the top of the page Notes: For an example, just look at the top of a page on almost any popular web site. ." Consumers can sign up for Access Power's net.caller service by visiting the company's web site at http://www.accesspower.com or by calling 800/388-2980 between 9 a.m. and 5 p.m. eastern time, Monday through Friday. About Access Power Access Power Inc. is a pioneer service provider of Internet Telephony. The company offers low-rate Internet based phone-to-phone service, software that allows free PC-to-PC calling, and low-priced flat-rate PC-to-phone calling over the Internet from anywhere in the world to anywhere in the continental U.S. About VocalTec Communications VocalTec Communications is a manufacturer of systems that enable audio, video, data, text and collaborative communications over IP networks such as phone data networks, corporate intranets and the Internet. VocalTec is a leader in developing innovative, open standards products that bridge the Internet and the traditional public switched telephone network (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. ) and drive the convergence of computing and telephone technologies. For the latest company information, visit VocalTec on the World Wide Web at http://www.vocaltec.com. NOTE: VocalTec, Internet Phone, Internet Phone Lite, Internet Phone Call Waiting, VocalTec Ensemble Architecture, VocalTec Telephony Gateway, Surf&Call, VocalTec Gatekeeper, VocalTec Network Manager, VocalTec Conference Server, VocalTec Communications Client, PassaFax and PassaPort are trademarks or registered trademarks of VocalTec Communications Ltd. Other trademarks are the property of their respective holders. Statements contained in this press release which are not historical facts are "forward-looking statements" within the meaning given to that term in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. |
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