COMSAT Argentina Continues Expansion of International Long Distance Service Using ITXC, Agreement Enhances Call Quality and Capacity.Business Editors/Hi-Tech Writers PRINCETON, N.J. & BETHESDA, Md.--(BUSINESS WIRE)--Oct. 29, 2001 COMSAT Comsat: see Communications Satellite Corporation; communications satellite. (COMSAT General Corporation, Bethesda, MD) Formerly Communications Satellite Corporation, COMSAT was a private company that was created by the U.S. Argentina, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Lockheed Martin Global Telecommunications, has collocated ITXC's (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 :ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. ) IP telephony customer premise equipment in its Wilde, Argentina, communications facility, enhancing call quality for international long distance calls throughout Argentina. By collocating ITXC's IP telephony equipment at its switch facility, COMSAT Argentina is sending calls to destinations worldwide over ITXC.net(SM). As a result, COMSAT Argentina is lowering the costs associated with routing international calls from the phones and fax machines of its quality-conscious corporate customers in Argentina. "The deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. that occurred in the Argentinean telecom market last November enabled COMSAT Argentina to continue its international telecommunications business strategy while evolving as the premiere provider of e-Business services to Argentina's business community," said Julian Volberg, general manager of COMSAT Argentina. "In order to meet the demand for increased international capacity, we partnered with ITXC to efficiently expand our international capacity while continuing to provide our customers with reliable, high quality communications." The Internet is one of the most cost-effective ways to transport any form of data - including voice - and ITXC has developed and mastered the technology required to deliver carrier-grade voice quality while benefiting from Internet economics. ITXC's quality is equal to and, in some parts of the world, better than that provided by the legacy phone network. "ITXC has quickly become a leading international carrier by building ITXC.net, the largest global Internet-based telecommunications network with points of presence in over 133 countries," said Tom Evslin, ITXC 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. . "We are proud to offer COMSAT Argentina high quality telecommunications services at attractive prices. Our services support COMSAT Argentina's expanding portfolio of telecommunications and information technology solutions for Argentine and multinational businesses." About COMSAT: COMSAT Argentina has more than 900 customers employing a variety of telecommunications and e-Business services. This past June, COMSAT Argentina opened its new e-Business Center located at its Wilde, Argentina facility. This expansion allows COMSAT Argentina to continue to broaden its service offerings to the Argentine business community. COMSAT Argentina is deploying its fiber optic network in downtown Buenos Aires and is connecting to cities in the interior of the country such as Rosario, Cordoba cor·do·ba n. See Table at currency. [American Spanish córdoba, after Francisco Fernández de Córdoba (1475?-1526?), Spanish explorer.] Noun 1. , and Mendoza. COMSAT Argentina also has full access to fiber optic links to Brazil, Peru, Venezuela, Europe, and the United States. Lockheed Martin Global Telecommunications, a wholly owned subsidiary of Lockheed Martin Corporation (NYSE NYSE See: New York Stock Exchange :LMT LMT left mentotransverse (position of fetus). ), delivers secure, reliable, advanced-technology solutions to help enterprise customers leverage their telecommunications and information technology assets. LMGT LMGT Lockeed Martin Global Telecommunications has annual revenues in excess of $1 billion and employs 3,500 personnel worldwide with major points of presence in North and South America, Europe and Asia. Additional company information and news releases are available on LMGT's Internet homepage at www.lmgt.com. About ITXC Corp: In just four years of operation, ITXC Corp (NASDAQ:ITXC) has become the largest global carrier based in the US dedicated exclusively to carrying voice calls on behalf of other carriers. ITXC has permanently changed the economics of international long distance by establishing and operating ITXC.net(SM), the company's Internet-based voice network of over 645 PoPs in 349 cities and 133 countries, which delivers carrier-grade voice quality. ITXC's patented and patent pending BestValue Routing(TM) technology provides such high voice quality that tier one carriers use ITXC for worldwide phone-to-phone traffic without needing to tell their customers that the calls are actually traveling over the Internet. Customers include almost all major carriers and most RBOCs in the US, many major traditional carriers worldwide, new competitive carriers in deregulating de·reg·u·late tr.v. de·reg·u·lat·ed, de·reg·u·lat·ing, de·reg·u·lates To free from regulation, especially to remove government regulations from: deregulate the airline industry. countries including local exchange operators (LECs) who outsource their new domestic and international long distance services to ITXC and Internet-based Web-to-phone providers. For more information, visit www.itxc.com. Forward-looking statements: ITXC has included in this press release certain "forward-looking statements" within the meaning of 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. "Forward-looking statements" consist of all non-historical information and include the analysis of historical data in this release. Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties including, among other things, unanticipated technological difficulties, the volatile and competitive environment for Internet telephony, changes in domestic and foreign economic, market, and regulatory conditions, the creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. of our customers, uncertainty in legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. and other considerations described as "Risk Factors" in Exhibit 99 to the Company's Annual Report on Form 10-K for the year ended December 31, 2000 and in other filings by the Company with the SEC. ITXC is a registered trademark of ITXC Corp. ITXC.net and BestValue Routing are service marks and trademarks of ITXC Corp. All other trademarks mentioned in this document are the property of their respective owners. |
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