MERA Networks Joins ITXC VoIPLink Ready Program.

Business Editors/High-Tech Writers

PRINCETON, N.J.--(BUSINESS WIRE)--Feb. 11, 2004

VoIPLink Ready(TM) status assures carriers that use the MERA MVTS Session Controller product a rapid connection to ITXC.net(R) for international call exchange

ITXC Corp.(R) (NASDAQ:ITXC) and MERA Networks Inc., a key provider of carrier-grade session controllers for flexible peering of packet networks, today announced that the H.323 MVTS session controller 2.1.1 or higher is now VoIPLink Ready(TM). VoIP networks using the MVTS in compatible configurations can now quickly and reliably use ITXC's VoIPLink Service for international call exchange with ITXC.net(R), one of the largest international voice networks.

Under the program, ITXC and MERA will continue to work together to assure that networks using MERA's MVTS can immediately use ITXC VoIPLink Service for direct VoIP interconnection with ITXC.net. ITXC and MERA will also cooperate in marketing and selling their complementary VoIP service and VoIP product solutions in select markets.

The MVTS is a feature-rich session controller deployed as the focal point of VoIP networks for revenue-generating peering with partner carriers. The advanced signaling and media interworking features allow connection of otherwise incompatible multivendor equipment, thus extending network reach. The RADIUS-based dynamic routing capability increases call completion rate and enables policy-based routing, whereas the intuitive graphical user interface makes the administration and monitoring process an easy and user-friendly task.

Last week, ITXC announced the general availability of ITXC VoIPLink which enables service providers to directly interconnect their VoIP networks with ITXC.net for high quality, low cost per minute call exchange with every traditional and IP phone in the world.

"MERA is excited to team with ITXC to provide a very valuable package to our mutual customers," said Natalya Korobkova, Marketing Director for MERA Networks. "We believe that cooperation between carriers and vendors is a critical issue in moving from vendor-specific 'islands of VoIP' to an open-standard, transparent and carrier-friendly communications infrastructure. By understanding and anticipating the time-to-market and cost management needs of our customers, we are able to satisfy them best and make our MVTS session controller a compelling choice for carriers who want to play and win in the VoIP space. The needs of carriers extend to wholesale long distance as well. VoIPLink addresses those needs directly and our customers are finding incremental value in knowing they can quickly and reliably connect through the MVTS to one of the largest and most cost-effective voice networks in the world."

"We're extremely pleased that MERA Networks has worked with us to establish VoIPLink Ready status for its MVTS solution," said Jeff Bak, Director of Product Management. "We've seen the MVTS playing an ever-increasing role in the rising tide of VoIP-enabled, next-generation carriers in Eastern Europe and Russia. Service providers and carriers considering MERA's MVTS for its session control needs can now feel more assured knowing their equipment, using VoIPLink Ready configurations, can quickly and cost-effectively exchange traffic with all of ITXC.net."

VoIPLink Ready compatible vendor configurations are engineered to conform to setup requirements to ensure off-the-shelf interoperability with ITXC.net. The setup requirements can be found at www.itxc.com/voiplink.

About MERA Networks, Inc.:

MERA Networks, Inc. is the forefront supplier of VoIP technologies delivering the functionality and features needed for successful operation of service providers. The MERA solutions offer a powerful combination of efficiency, scalability and affordable price, bringing added value and revenue-generating opportunities to carriers globally.

MERA is a privately owned corporation with offices in Canada and Russia. It has 12 years of experience in international software development and employs over 400 qualified engineers. MERA Networks pioneered the industry of session border controllers by launching a VoIP division in 2001. To date the company is a key provider of highly reliable and cost-effective SBC's, has over 200 customer deployments in 21 countries of the world, and controls 80% of the SBC market in Russia.

About ITXC:

ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT, Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including Intelig in Brazil, Vietel in Vietnam and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile and Smart Communications, leading mobile carriers in their respective markets.

ITXC is the global market segment share leader in VoIP international calling and one of the largest international voice carriers of any kind. Circuit-switched customers use ITXC services through switchless ITXC SuperPoPs in London, Frankfurt, Hong Kong, LA, and NJ or through ITXC-managed SNARCs(R) co-located in the customer's central office. VoIP-enabled networks use VoIPLink for the same services. Approximately one third of ITXC's current traffic is originated or terminated with over 160 VoIPLink-enabled carriers or service providers in over 60 countries.

For more information about ITXC, please visit www.itxc.com.

Forward-looking statements:

ITXC has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning ITXC's business, operations and financial condition. "Forward-looking statements" consist of all non-historical information, and the analysis of historical information, including any references to future revenue growth, future expense growth, future credit exposure, future profitability, anticipated cash resources, anticipated capital expenditures, capital requirements, and the Company's plans for future periods. In addition, the words "could," "expects," "anticipates," "objective," "plan," "may affect," "may depend," "believes," "estimates," "projects" and similar words and phrases are also intended to identify such forward-looking statements.

Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, (i) uncertainties inherent in the execution of the proposed merger with Teleglobe, including but not limited to, transaction costs, the subsequent integration effort and retention of key employees, customers and suppliers through the merger process; the inability to capture anticipated synergies; the risk of disapproval or delay by governmental entities of the proposed transaction; the risks of delay in consummation of the transaction; the ability of Cerberus Capital Management, L.P., Teleglobe's current controlling shareholder and majority owner of Teleglobe after the merger, to exert control over the combined company; the existence of undisclosed or unanticipated contingent liabilities; the risk that Teleglobe is not currently a publicly traded company; the risk that material adverse changes to either entity may prevent the transaction from closing or render it less desirable than anticipated; and the risk that Teleglobe may not be able to effectively execute its business plan and (ii) other risks, including the volatile and competitive environment for Internet telephony and telecommunications; changes in domestic and foreign economic, market and regulatory conditions; the inherent uncertainty of financial estimates and projections; uncertainly inherent in litigation; unanticipated technological difficulties; the risk that Teleglobe may not be able to access sufficient capital; the creditworthiness of and relationship with our customers; Teleglobe's anticipated debt level and the inherent lack of flexibility resulting there from; future transactions; risks inherent in being subject to significant regulation; the possibility that the merger may not close; and other considerations described as "Risk Factors" in Exhibit 99.1 to ITXC's Annual Report on Form 10-K for the year ended December 31, 2002 and in other filings by ITXC with the SEC. All such forward-looking statements are current only as of the date on which such statements were made. ITXC does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.