Digital Data Networks, Inc. Changes Name to i2Telecom International, Inc.; Common Stock To Trade Under New Symbol ``ITUI''.Business Editors/High-Tech Writers BOCA RATON, Fla.--(BUSINESS WIRE)--March 4, 2004 Digital Data Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DIDA) today announced that, effective March 5, 2004 its name will change to i2Telecom International, Inc. and its common stock will trade on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under a new symbol, "ITUI" (OTCBB:ITUI). About i2Telecom International, Inc. i2Telecom International is a low-cost telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. company employing next generation Voice over Internet Protocol ("VoIP") technology with operations in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. ; Atlanta, Georgia; Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. ; Malaysia and China. The controls its own proprietary technology and outsources its production and service functions to strategic partners. i2Telecom International provides micro gateway adapters (InternetTalker(TM)), VoIP long distance and other enhanced communication services to subscribers, and its proprietary technology platform is built to the Session Initiation Protocol (protocol) Session Initiation Protocol - (SIP) A very simple text-based application-layer control protocol. It creates, modifies, and terminates sessions with one or more participants. Such sessions include Internet telephony and multimedia conferences. It is described in RFC 2543. ("SIP") standard. i2Telecom International's revenue model is multi-faceted and includes prepaid revenue from the sale of its InternetTalker(TM) integrated access devices, recurring monthly subscriptions, call minute termination fees and original equipment manufacturer royalties. SAFE HARBOR 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 . With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. The company does not assume, and expressly disclaims, any obligation to update these forward-looking statements. |
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