CallWave Launches Branded Prepaid Cell Phone Service With Unique 'Minute Stretcher' Features; Company Introduces First Pay-as-You-Go Mobile Phone Plan That Leverages VoIP Technology to Save Cell Minutes and Improve Call Quality.SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif. -- CallWave, Inc. (Nasdaq:CALL), a leading provider of VoIP enhanced services 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; , announced today that it has launched the latest phase of its go-to-market mobile distribution strategy, CallWave Mobile Prepaid Phone service. Initially available just to its existing subscribers, CallWave's pay-as-you-go cell phone plan offers several VoIP-enabled call features specifically developed to conserve cell minutes and improve call management. Initial features include Mobile Call Screening(SM), Mobile Call Transfer(SM), and its new Follow Me Home(SM) capability. Mobile Call Screening allows CallWave Mobile subscribers to listen to voice messages in real-time and, if they choose, interrupt the message to take the call. Subscribers can screen calls on their cell phone or even from their PC, using CallWave's available desktop client. Users save cell minutes by only taking the calls that really matter. Mobile Call Transfer lets users instantly transfer a live cell phone call to a home or office phone. Users save cell minutes and improve call quality whenever they are near their landline. Follow Me Home, CallWave's newest feature, lets users turn off their cell phone when they're at home or in the office and still get their calls, without incurring cell phone charges. CallWave automatically rings the subscriber's landline when the cell phone is off, ensuring that they do not miss important calls. Even when CallWave mobile phone subscribers run out of prepaid minutes, CallWave's service will still take a voice message and deliver it to the user's email inbox. All three features are offered as part of CallWave's Mobile Prepaid service, with a monthly subscription starting at $3.95 plus a one-time shipping and activation charge. Also included is a quality Nokia handset, nationwide long distance, and sixty minutes of talk-time at time of purchase. Recharge re·charge tr.v. re·charged, re·charg·ing, re·charg·es To charge again, especially to reenergize a storage battery. re minutes are available for as little as $0.15 per minute. "We are thrilled to introduce this new concept in affordable pay-as-you-go phone service to our subscriber community," said David Hofstatter, 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 CallWave. "Our expertise in VoIP enhanced services allows us to add industry-first features to bring the real-world benefits of VoIP to the mobile phone market today, helping our customers save money and improve their call quality." Initially available to current subscribers, CallWave will begin offering its CallWave Mobile Prepaid service to new customers on its website at www.callwave.com in the third quarter of 2005. About CallWave CallWave (Nasdaq:CALL) is a leader in VoIP enhanced services for the consumer and small business markets. The company provides VoIP application services See ASP and Web services. on a subscription basis that add features and functionality to both the landline and wireless telecommunications services used in mainstream homes and small offices. CallWave's proprietary VoIP software allows subscribers to get more out of their existing personal communications networks Personal Communications Network (PCN) is the European digital cellular mobile telephone network, developed in accordance with GSM standards. -- landline, mobile, and IP -- by adding software-based call-handling features, and by bridging all three networks to help subscribers get their important calls. Founded in 1998, CallWave is headquartered in Santa Barbara, Calif. For further information, please visit www.callwave.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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: Statements in this press release regarding CallWave, Inc.'s business which are not historical facts are "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. " that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Quarterly Report or Form 10-Q Form 10-Q See 10-Q. for the most recently ended fiscal quarter. |
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