Cirus Telecom Inc. Increases Network Capabilities By 20,000,000 Minutes Monthly.Business and Technology Editors NEW YORK--(BUSINESS WIRE)--April 16, 2001 Cirus Telecom Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CTLE CTLE Continuous-Time Linear Estimation - News) announces it has increased the capacity and capabilities of its telecom network, by adding significant features to its debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. and wholesale platforms. Cirus has purchased the Specialty Telecommunications Exchange (STX STX - Start Of Text ), a NACT NACT National Association of Corporate Treasurers NACT Neural Adaptive Control Technology NACT National Association of Clinical Tutors (United Kingdom) NACT North American Canoe Tours (Florida) Telecommunications, Inc. product. NACT is the Provo, UT based switching division of World Access, Inc. (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 : WAXS WAXS Wide-Angle X-Ray ), a leading single-source provider of fully integrated telecom applications, switching and billing systems. The STX is a Class 4 tandem switch with numerous features to simplify business operations and benefit our customers. The switch is presently configured with 80-T1 spans (1,920 ports), and is designed for expansion as the company's volume of minutes increase. A single STX can be expanded to four switches with a capacity of 7,680 ports. Business will not be interrupted in order to increase capacity, as additional T1 board installation can be completed without having to power down the switch. Cirus estimates that it is able to run 20,000,000 minutes per month on the switch once testing is completed. When one uses an average wholesale rate of 10 cents per minute, it would translate to $2,000,000 per month in gross revenues. Cirus may utilize all the ports for its own traffic, or lease excess capacity to third party carriers. The addition of this switching platform will increase Cirus' ability to fulfill its annual $24,000,000 telecom services contract with 9278 Communications, Inc. (OTC BB: NTSE NTSE National Talent Search Examination (India) NTSE Windows NT Server / Enterprise Edition (Microsoft) ) a domestic leader in pre-paid telecom services. Cirus Telecom, Inc. is a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based company providing telecom switching services to small and medium sized wholesalers and distributors of telephone cards throughout the United States. Cirus derives revenues by providing phone card activations and reselling long distance service, as well as providing complete turnkey telecom solutions. The Company offers its customers the ability to provide domestic and international voice, data and fax services at substantially lower prices than those of commonly utilized telecom service bureaus. The switching network architecture used by Cirus is highly scaleable, cost effective, requires no additional facilities based real-estate investment on behalf of a client, and is rapidly deployable. Cirus will focus on providing lucrative direct connections to key locations in South America and Asia. Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to complete the transaction and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future. |
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