Intasys Billing Technologies Awarded Its Largest Contract Ever.Business Editors & Technology Writers MONTREAL--(BUSINESS WIRE)--April 22, 2002 Intasys Corporation, (the "Company"), (Nasdaq:INTA INTA International Trademark Association INTA Instituto Nacional de Tecnología Agropecuaria (National Institute of Agricultural Technology; Argentina) INTA Instituto Nacional de Técnica Aerospacial ), announced today that its subsidiary, Intasys Billing Technologies ("IBT (1) (Instructor Based Training) Training courses conducted by human teachers. (2) (Internet Based Training) Training courses provided via the Internet. ") won a $2.2 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) contract to provide its JBill billing and customer care software solution to Nepal Telecommunications Corporation, the Nepalese PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration . The contract is the largest ever obtained by IBT. The contract includes the sale of a 5-year license, implementation, training and support over the life of the license. NTC is NTC I National Training Center Company Live Fire Engagement Simulation Test replacing its existing billing solution with JBill in response to a rapidly increasing subscriber base but also to improve the services it provides to its customers. The implementation is to be completed during the current fiscal year. "We are extremely pleased to have been selected by NTC NTC Notice NTC National Training Center NTC National Telecommunications Commission NTC National Transport Commission (Australia) NTC Negative Temperature Coefficient NTC Naval Training Center . This will be the first network implementation of our successful JBill solution. To date, all of our customers operate as service providers or resellers. We intend to build on this success to continue to develop both the small network market and what we believe is a very important market in Asia and other parts of the world", commented Michael Tinmouth, IBT's President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . David Goldman, Chairman & CEO of Intasys Corporation stated: "IBT winning this contract serves as further evidence that IBT continues to make substantial progress and that they will be able to build on 2001's impressive turnaround. We are always pleased to win new business in this very competitive industry and we believe the success provides a clear signal to the market about our competitiveness and the quality of our solution and of our team." About Intasys Billing Technologies Intasys Billing Technologies is a global company with offices in Montreal, Canada; London, England; Edinburgh, Scotland; and Gold Coast (near Brisbane), Australia. The company provides intelligent turnkey customer care and billing solutions for the Telecommunications, e-commerce and Internet Solutions Provider industry. About Intasys Corporation Intasys, through Intasys Billing Technologies, is a global provider of wireless; Internet-compatible billing and customer care information systems. Its subsidiary, Mamma.com Inc., is a leading Internet media company and highly acclaimed meta search engine. Intasys continues to hold minority interests in the new media and telecommunications sectors. About Nepal Telecommunications Corporation Nepal Telecommunications Corporation is currently the largest telecommunication operator in the Kingdom of Nepal and the only operator capable of offering Internet service, mobile service and general telephone service to the entire nation. NTC employs approximately 5000 people. Statements contained in this press release, which are not historical facts, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in 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. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. |
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