CallingPlanet.com Receives 20 Million Minute Commitment for Usage; GTC Telecom Announces First Major CallingPlanet.com International Contract From India.Business Editors, High-Tech Writers COSTA MESA, Calif.--(BUSINESS WIRE)--March 7, 2000 GTC GTC See: Good 'til cancelled order GTC See good-till-canceled order (GTC). Telecom (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GTCC GTCC Greater Than Class C (waste) GTCC Gas Turbine Combined-Cycle (power plant) GTCC Government Travel Charge Card GTCC General Trading & Contracting Company ) today announced that Callingplanet.com has received its first international commitment for 20 million minutes of usage from Achievers International based in Delhi, India. Through CallingPlanet.com, GTC Telecom is now offering consumers an unprecedented low cost option for international calling. The Company has created a PC to phone connection process that will allow a customer to place a phone call from anywhere in the world to certain destination countries for rates that are well below current standards. Paul Sandhu, 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 GTC Telecom commented, "This announcement marks a major turning point in the PC-to-Phone calling space. Today most of our competitors have targeted their web sites as a business to consumer play, hoping that consumers will use their products. GTC has marketed its site to both businesses, ensuring usage, as well as to consumers. By covering both the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business side as well as the B2C aspect GTC, believes it will keep the consumer acquisition cost low in comparison to the current industry cost." Sandhu added, "With net users in India expected to grow according to Goldman Sachs (NYSE NYSE See: New York Stock Exchange :GS) estimates from 2 million net users to 70 million net users over the next 3 years, we believe that this will be the first of many commitments to come. Callers from India to the US will receive an unprecedented rate of 10 cents per minute as well as competitive international rates to other countries throughout world. This contract has extremely good revenue potential as well as great exposure for CallingPlanet.com's international plans." Callingplanet.com competes with companies such as, Delta Three (Nasdaq:DDDC DDDC Dedicated Design Day Capacity (natural gas rate calculation) DDDC Defense Distribution Depot, San Diego, CA DDDC Defense Debriefing & Document Center ), Net2Phone (Nasdaq:NTOP NTOP Nt Option Pack ) and Urus u·rus n. pl. u·rus·es An extinct wild ox (Bos primigenius) of Europe, northern Africa, and western Asia, believed to be the ancestor of domestic cattle. Also called aurochs. Telcom's (Nasdaq:UTCC UTCC University of Thai Chamber of Commence UTCC United Technologies Communications Company ) The Stream.com. About GTC Telecom Founded in 1997, GTC Telecom (www.gtctelecom.com) is a Telecom/Internet company, providing long distance service to small and medium sized businesses as well as residential customers throughout the United States. GTC Telecom has some of the lowest long distance rates in the industry today to compete with AT&T (NYSE:T), Sprint (NYSE:FON), Qwest Communications (Nasdaq:QWST) and IDT Corp. (Nasdaq:IDTC) among others. GTC Telecom offers basic Internet and long distance bundled and non-bundled plans. For basic unlimited 56K dial up Internet access, GTC offers a plan for $9.95 per month. The Company is nearing completion of Callingplanet.com, GTC's Voice over IP PC to Phone product, which will compare to services provided by Net2Phone (Nasdaq:NTOP) and Ursus Telecom (Nasdaq:UTCC). In addition, GTC offers an array of other Internet services, including wireless T1 access, DSL service at www.gtcinternet.com, and a portal site, www.gtczone.com. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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