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New Global Telecom (NGT) Announces Single Billing Services Acquisition; Acquisition Helps NGT Expand International Long Distance Services to Asian Countries.

Business Editors

GOLDEN, Colo.--(BUSINESS WIRE)--Aug. 1, 2000

New Global Telecom (NGT), an international facilities-based carrier, announced today the acquisition of Single Billing Services (SBS), an international long distance provider based in El Monte, Calif. The acquisition expands NGT's range of bundled voice and data services, and expands its presence in 44 of the 50 United States.

"NGT highly values SBS's exclusive marketing agreement with the Asian American Association, which currently has over 1.5 million Asian members plus 200,000 businesses," stated Richard Franz, Vice President of Retail Services at NGT. "This gives us a direct relationship to our targeted audience, heavy users of international long-distance whose calling patterns mirrors our global network."

SBS provides long distance services for Asian American residential and commercial long distance users in 44 states. Helen Shih, President of SBS, mentioned that 80 percent of the calls made by SBS customers terminate in markets served by NGT. "We're excited about the match between our customers and NGT's global network. We also are looking forward to expanding our product offerings to include more bundled internet and data services," she added.

Serving predominantly members of the Chinese, Taiwanese, Korean, Japanese, Vietnamese and Filipino communities and other groups of people who frequently call Asian countries, SBS provides customer service in seven languages. SBS currently employs approximately 210 employees and has over 80,000 retail accounts that generate more than $2.3 million a month in revenue.

"NGT is excited about the SBS acquisition and what it means for the continued growth of our retail services," said Rich Grange, president and CEO of NGT. "The integration of the SBS customers into our converged network fits our long-term goal of providing value-added services to our customers worldwide."

About New Global Telecom:

New Global Telecom, Inc., with headquarters and Network Operations Center in Golden, Colorado, and switching centers in Los Angeles, New York City, Miami and Hong Kong, is a fully integrated global communications provider offering retail and wholesale internet, data and voice services worldwide. Switching more than a billion minutes a year, NGT is an innovator of global competition and convergence and will be one of the first telecommunications companies to deploy a truly converged network in emerging global markets. The NGT management team has over 275 years of combined competitive long distance market experience and expertise in network design, engineering and construction; IT system design and development; fiber, satellite and microwave transmission; and class 4/5 tandem switching. Recent products offerings include Managed Network Services (MNS), which enables both emerging and dominant carriers with the speed and flexibility to achieve their business objectives. For more information, please visit www.ngt.com
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Publication:Business Wire
Date:Aug 1, 2000
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