Innofone Canada Signs 5000th Customer.TORONTO--(BUSINESS WIRE)--Aug. 24, 1999-- Innofone.Com, Incorporated trading (OTCBB-INNFE) formerly (OTCBB-INNF) announced that its Canadian operating company operating company A business that engages in transactions with outsiders. has signed its 5000th customer. Innofone has experienced a significant acceleration in sales since entering into an agreement with Adcom Solutions to augment Innofone's sales efforts. "The addition of the Adcom direct sales team has helped us achieve the first stage of our new sales plan in record time," said Innofone.Com President, Larry Hunt. "They have taken us from roughly 500 customers to the 5000 level in just three months." " While we fine-tuned our sales program, Adcom focused its efforts in the Ottawa and Montreal areas selling the GLR GLR Great Lakes Region GLR Global Learning Resources, Inc (Fremont, CA) GLR Greater London Radio GLR Generalized Likelihood Ratio GLR Glare GLR Gaylord, Michigan (Airport Code) directly to consumers and small businesses," Hunt explained. Innofone's GLR (TM) (Guaranteed Lowest Rate) calling program has been widely accepted by Canadians as the superior product in the Canadian market. "In light of the phenomenal success we have experienced over the past few months we are opening a new direct sales center in Toronto on September 15th," Hunt continued. The new Toronto office will be dedicated to direct sales to small and medium sized business clients, and will be home to Adcom's top performing sales team members. Hunt went on to say, "We anticipate that the new sales center will help build Innofone's business client base at an extremely rapid pace, and will in turn have a substantial and positive impact on Innofone's bottom line. As Canada's busiest long distance market, a stronger profile in Toronto is key to achieving our next level sales target." After several months of Beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the , Innofone.Com has also introduced a new client entry system, designed by Datex Corporation, Innofone's billing alliance. Any of Innofone's sales team s can now access the software from any location via the Internet. At the same time, the new system allows Innofone to maintain control over the process. "It gives us the best of both worlds," Hunt explained. "It enables us to grow at break neck speeds while continuing to ensure the high standard of service our customers have come to expect from us," said Hunt. Innofone.Com has a filing pending to become Fully Reporting under the Securities and Exchange Act of 1934. An "E" has temporarily been appended to the Company's ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors , INNF INNF Interventions Not Normally Funded (UK health care system) . The "E" signifies that Innofone.Com is not current in filings with the Securities and Exchange Commission as a result of changes to the rules, which have recently been implemented. Innofone.Com is not currently subject to the reporting requirements but its Attorneys in 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 are finalizing the documentation required for filing a SB2 registration statement with the SEC. When that registration statement becomes effective, Innofone.Com will be considered current in its filings. Innofone.Com President, Larry Hunt stated: "As Innofone continues its growth, keeping its shareholders and the investment community well informed concerning our business and innovations to our products and services, will continue to be a high priority. Becoming a reporting company is a step in our continued growth," Hunt concluded. About Innofone.Com, Incorporated Innofone markets traditional long distance telephone services to residential, small and medium sized businesses and the small office/home office See SOHO. (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) market, offering its Guaranteed Lowest Rate Calling program GLR(TM). Utilizing its exclusive billing software, Innofone analyzes its customers' phone bills each month against the rates of the three leading long distance service providers in Canada: Sprint Canada, a division of CallNet (Nasdaq: CNEBS), Bell Canada (Nasdaq: BCICF) and AT&T (NYSE NYSE See: New York Stock Exchange : T), using Innofone's software. (Innofone is not affiliated with Sprint Canada, Bell Canada or AT&T.) The GLR(TM) program is a powerful tool that Innofone uses both to keep customers from switching long distance service and to market to new customers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. lowest rates. Innofone offers state-of-the-art voice, VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a , fax and data services over its Fully Integrated Worldwide Network facilities, the company also offers wholesale ITSP (Internet Telephony Service Provider) An ISP or telephone company that provides VOIP phone calls. The term was popular for a while in the late 1990s, but has not been widely used. See IP gateway and ITXC. ITSP - Internet Telephony Service Providers services to other Canadian and US Telecommunications companies. Innofone's product line includes a portfolio of state-of-the-art "virtual office" products geared to the growing business/home office market which allows commercial users to consolidate voice and data into a single network with substantial savings. For additional information visit Innofone's World Wide Web Site at http://www.innofone.com 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. Statement: Assertions in this news release which look forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium and carrier of telephony traffic, market acceptance risks, technological development risks and other risk factors. |
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