Compaq To Bundle Net2Phone's YAP Phones In New Presario Computers; Enhancement to Internet Phone Calls Available to Compaq Customers.Business Editors NEWARK, N.J.--(BUSINESS WIRE)--Oct. 11, 2000 Net2Phone (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 :NTOP NTOP Nt Option Pack ), a leading provider of voice enabled IP services, today announced that Compaq (NYSE NYSE See: New York Stock Exchange :CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ) will bundle its YAP Yap (yăp, yäp), state (1990 pop. 10,886), c.47 sq mi (121 sq km), in the W Caroline Islands, W Pacific. One of four states comprising the Federated States of Micronesia, the island group was formerly part of the U.S. Phones with new Compaq Presario Presario is a series of desktop computers and notebooks from Compaq. The Presario family of computers was launched for the consumer marketplace in September 1993. Although HP has since acquired Compaq, the Presario name was not discontinued due to its marketability. computers. The YAP Phone (retail value: $54.99) will be included with new Compaq Presario Computers at computer superstores nationwide or online at www.compaq.com. The YAP Phone is a telephone handset that plugs into the USB port A USB socket on a computer or peripheral device into which a USB cable is plugged. See USB. on users' computers and is designed to facilitate clear Internet calling See Internet telephony. . As a special offer with the Presario bundling agreement, the YAP Phone will come with up to 1500 free domestic Net2Phone talk minutes and will allow users to make free PC-to-PC calls using Net2Phone's award-winning software. "Compaq's selection of the YAP Phone is another strong example of how YAP Internet Telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. products have been so quickly accepted into the consumer marketplace. This new alliance with Compaq strengthens the buildout of IP Telephony as the way for people to communicate," commented Jonathan Rand, Executive Vice President of Net2Phone. "This further enhances Net2Phone's strategy of delivering voice services to IP networks - by capturing consumers' interest in Internet calling at the point of PC purchase, we can drive more minutes and services over our network." "Compaq is excited to be the first PC manufacturer to offer Internet telephony on their PC platform. Our relationship with Net2Phone goes back over a year when we were first to offer Net2Phone services bundled on Presario keyboards sold to our international customers," said Mark Vena, Director of CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. Marketing for Compaq Computers. "We look forward to expanding our relationship with Net2Phone even further in the future." YAP products are designed to enable a wide range of users to easily make Internet phone calls. All YAP products include Net2Phone's minutes, software and technology, and will terminate calls to any telephone, PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). , fax machine or multimedia Internet-connected PC in the world. The YAP Phone is part of Net2Phone's line of innovative YAP Internet Telephony hardware solutions. YAP Phones, Headsets and Jacks are available in computer superstores such as CompUSA and Office Max. Net2Phone, Inc is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. Net2Phone's strategic investors include Softbank, America Online, GE/NBC, and Yahoo!. Additionally, AT&T has acquired a 39 percent voting stake in Net2Phone. For more information about Net2Phone's products and services, please visit www.net2phone.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, among other things, Net2Phone's expected operating performance for the three months ending October 31, 2000 and thereafter. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainty of financial estimates and projections, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, and Net2Phone's ability to operate the services described on a large scale commercial level.The forward-looking statements are made as of the date of this press release, and Net2Phone assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and the other information set forth from time to time in Net2Phone's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. |
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