Arelnet i-Tone Prime VoIP Gateway Leads 50% Revenue Increase in Third Quarter of 2000.Business Editors/High-Tech Writers YAVNE, Israel--(BUSINESS WIRE)--Nov. 16, 2000 Arel Communications (Nasdaq:ARLC ARLC Automatic Revolving Letter of Credit ) Arelnet Ltd (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) :ARNT), a leading provider of VoIP telephony systems, announced today an increase in revenues to $1.9 million in the third quarter of 2000, a rise of 50% as compared to the year's second quarter. The increase was driven by sales of Arelnet's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the i-Tone Prime, which exceeded $1,000,000 during the reporting quarter. Revenues for the first nine months of 2000 rose by 127% to $4.34 million compared to the same period in 1999. Arelnet's net loss for the first three quarter of 2000 reached $2.88 million as opposed to a net loss of $0.98 million during the corresponding period in 1999. An increase of 28% in R&D expenditures and a rise of just over 100% in sales and marketing costs, primarily due to the i-Tone Prime's development and introduction, were the main reasons for the increase in net loss. "We continue to be very satisfied with the company's performance and the market's increasing interest in the i-Tone Prime and its associated products," said Rachel Bennun, Arelnet 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. . "During the quarter we joined in new strategic partnerships around the world and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . We believe that 2000 will be a banner year for Arelnet and look forward to increasing our share of the rapidly emerging IP equipment marketplace with our powerful, reliable and feature laden IP communications A general term for networks that use the IP protocol for voice (VoIP) and video traffic. See IP telephony. platforms." Arelnet provides carrier grade VoIP systems, for carriers, NextGen telcos and ISPs. Its i-Tone Prime Carrier Grade Gateway architecture includes a fully redundant, hot swappable gateway supporting up to 24 T1/E1 trunks per shelf and up to 5,000 ports per rack. It was introduced during the second quarter of 2000. About Arelnet Limited Arelnet is a leading provider of Voice over IP (VoIP) systems, specializing in carrier grade solutions. Arelnet's i-Tone Prime suite of products is designed to deliver Real Time voice & fax as well as value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services -- all over IP networks. Arelnet is publicly traded on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. (TASE:ARNT). Arelnet's major shareholders are Keppel Telecommunications & Transportation (SING:KEPPEL T&T), Arel Communications and Software Ltd. (NASDAQ:ARLC), Nortel Networks, ELRON (NASDAQ:ELRNF), and Poalim Communications (TASE:POCO). For further information please visit our website at www.arelnet.com. |
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