Fonix Telecom Now Certified in North Carolina to Provide Local Exchange and Long Distance Services.ATLANTA -- Fonix Telecom, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fonix(R) Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FNIX), an integrated communications carrier providing telecommunications services and value-added speech technologies, received its Interexchange Company (IXC (1) (IntereXchange Carrier) An organization that provides interstate (long distance) communications services within the U.S., which includes AT&T, MCI, Sprint and more than 700 others. See LATA. (2) (IXC Communications Inc., Austin, TX, www. ) and Competitive Local Exchange Carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) Certification from North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Public Service Commission (NCPSC) to provide local exchange and interexchange services, specifically intrastate long distance and associated access services. Fonix Telecom will begin providing facilities-based local telephone service and interconnection services in North Carolina. As a facilities-based network provider, Fonix Telecom is able to offer traditional telephony services in addition to already available broadband IP-based services, such as residential and business Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP). "This approval expands our strategy to deliver multiple high-quality end-to-end telephony services," says Dale Smith, Senior VP and GM, Fonix Telecom. "This license further strengthens Fonix Telecom's role as a leading provider of traditional and advanced products and services to residential and business customers." About Fonix Telecom Fonix Telecom, Inc. is a facilities-based provider of retail and wholesale VoIP, Broadband and BPL See broadband over power lines. communications services. Fonix Telecom is wholly owned subsidiary of Fonix Corporation and is based in Atlanta, GA. Visit www.fonixtelecom.com for more information, or call 866-486-4733. About Fonix Based in Salt Lake City, UT, Fonix Corporation is an innovative communications and technology company that provides integrated telecommunications services and value-added speech technologies through Fonix Telecom, Inc., LecStar Telecom, Inc. and Fonix Speech, Inc. The combination of interactive speech technology and integrated telecommunications services allows Fonix to provide customers with comprehensive cost-effective solutions to enhance and expand their communications needs. Visit www.fonix.com for more information, or call 801-553-6600 and say "Sales." Statements released by Fonix that are not purely historical are forward-looking within the meaning of the "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. " provisions of 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, including statements regarding the Company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release. |
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