Global TeleMedia International Inc. to use IEX technology in nationwide switching network.ATLANTA--(BUSINESS WIRE)--July 29, 1996--Global TeleMedia International 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 BB:GTMI GTMI Go to Market Initiative ) announced Monday that it has entered into an agreement with IEX IEX Ion Exchange (chromatography) IEX Inter-Exchange Carrier Corp. to purchase an IEX enhanced services platform. Financial terms of the agreement were not disclosed. GTMI, a provider of telecommunications services, will be purchasing a NEXUS SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. , several TELESTAR SWITCHING SYSTEMS, and associated Interactive Voice Response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) units. The IEX platform will allow GTMI to offer a broad menu of enhanced services, including calling card, debit card, 800 routing, international callback, dealer locator, follow-me and international 800. GTMI plans to roll out its new enhanced network services An umbrella term for advanced communications services. Until the mid-1990s, everybody knew what "enhanced services" meant. They were voicemail, "one number follow me," prepaid calling card or voice-actuated call control, all offered by a carrier or service provider in a circuit-switched in the fourth quarter to the company's carrier sales division and to agent networks. Initially, GTMI will deploy TELESTAR tandem switches in Atlanta, New York and Los Angeles. Future plans call for GTMI to place additional TELESTAR tandem switches in Chicago, Miami and Seattle within the next 12 months. "The agreement with IEX will ensure that GTMI will be the industry's premier provider of enhanced services," said Roderick A. McClain, chief executive officer of GTMI. "This purchase elevates GTMI's profile in the industry to a `carrier's carrier.' The additional revenues generated by wholesale business will ultimately equate to more favorable contracts and increased margins in our current retail customer base. "Our experience in telecommunications has taught us that a company is only as strong as the strength of its network," added McClain. "The advantage of this new advanced technology, available at a greatly reduced infrastructure cost, is the most exciting development in our evolution to date." "The GTMI customized contract exemplifies the advanced capability of IEX products to create customized enhanced network services, which meet the specific needs of a carrier's customer base," said Gary Crockett, president and chief executive officer of IEX. "We expect the installation of an IEX enhanced services platform to make GTMI even more competitive in the carrier marketplace than it is today. Enhanced services will be gaining popularity in the near future as carriers' customers begin to realize the enormous flexibility possible through these services," added Crockett. IEX Corp., with headquarters in Richardson, Texas, is a fast-growing privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Founded in 1988, the company develops products for telecommunications corporations, including MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Airfone, Lockheed Martin, Pacific Bell and Ameritech. IEX sells its products and services in the U.S. and Canada through its direct sales force and internationally through selected distributors. GTMI, based in Atlanta, offers a wide variety of telecommunications services and products, including residential and commercial long distance services, prepaid calling cards, interactive voice mail and conference calling through its direct sales agents, carrier sales division and Vision 21 network marketing subsidiary. CONTACT: Global TeleMedia International Inc., Atlanta Greg Catinella, 770/667-6088 or IEX Corp., Richardson, Texas Stan Jasinski, 214/301-1300 |
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