Talk Visual to Launch National Sales Campaign as Global Crossing Circuits Open.Business/Technology Editors MIAMI--(BUSINESS WIRE)--Nov. 20, 2001 TALK VISUAL CORPORATION (OTC-BB: TVCP) Company President and Chief Executive Officer Eugene A. Rosov announced today following the recent signing of a carrier services agreement with Global Crossing, and the installation of the physical capacity to handle an additional 2.5 million minutes monthly on new high-speed circuits, the Company is launching an aggressive sales and marketing campaign to sign up targeted international business and residential customers on its expanded telephone network capability. "We are now open for business all over the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ," said Mr. Rosov, from Company headquarters in Miami Florida. "Our newly expanded sales staff will visit key target cities in California There are 478 incorporated cities in California, 22 of which are styled "Town of (Name)" instead of "City of (Name)." They are arranged in alphabetical order, with the "towns" marked '*'. Under California law (see, e.g. , Delaware, Virginia, Maryland, New Jersey, 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 , Illinois and Texas over the next three months. An especial es·pe·cial adj. 1. Of special importance or significance; exceptional: an occasion of especial joy. 2. sales focus on the estimated 600 or more callshops in the New York/New Jersey area has already begun. We anticipate capturing several key accounts." The Company believes that its unique residential approach complements its callshop sales activities. Residential customers will be able to enjoy the significant cost-savings and exceptional quality of Talk Visual's international routes if they have credit cards. "It's a two-pronged approach to the expatriate Expatriate An employee who is a U.S. citizen living and working in a foreign country. ethnic markets," explained Mr. Rosov. "We're seeking to serve the `cash-only' segment through our callshop focus, and the credit-worthy expatriate families in their homes. In this way we hope to become a preferred telecom provider to the fastest growing minority segment of the U.S. population." "Despite the downturn in the economy, and the difficult marketplace this year, the Company continues to make excellent progress. We have built a strong infrastructure from which to expand sales - and this will, we believe, translate into increased revenues." In other news, the Company announced that it has begun to take on small specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. carriers for key city destinations. Using its new Voice-over-IP Cisco AS 5300 equipment as well as traditional circuits, the Company has started to provide its callshop clients with quality, cost-effective terminations in Guayaquil and Cuenca (Ecuador). "This is all part of our two-pronged financial approach," said Mr. Rosov. "We're working to constantly expand our margins by lowering the cost of terminations, while simultaneously increasing our gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. to negotiate better rates from our key major carriers." ABOUT TALK VISUAL CORPORATION Talk Visual Corporation (OTC-BB: TVCP - news) is a pioneer in the video teleconferencing See videoconferencing. industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad. A list of Talk Visual's videocalling shops is at www.talkvisual.com. Talk Visual sells pagers at www.beeperforabuck.com. Customers may call the Company's main number at 1-877-22-VIDEO for Talk Visual's EZ-GlobalCall service, or visit the Company's website to sign-up for the new EZ-GlobalCall service. Visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ (Frequently Asked Questions) A group of commonly asked questions about a subject along with the answers. Vendors often display them on their Web sites for use as troubleshooting guidelines. section, and or to read the Executives Corner message. Statements in this press release that are not historical including statements regarding Talk Visual or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future 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. within the meaning of 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, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Such statements include statements regarding the Company's ability to sell its international telecom services to new business and residential customers and to key commercial accounts, its success in becoming a preferred telecom provider to the Hispanic market, its ability to expand sales and increase revenues, and its success in lowering costs and increasing margins. It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include the reception afforded the Company's new service offerings by domestic telephone call shop clients, other businesses, their expatriate customers and credit card enabled residential customers; the quality of service provided to the Company by its new and existing telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. ; the efficacy of Global Crossing's national telecommunications transport services The collective functions of layers 1 through 4 of the OSI model. ; the Company's ability to persuade key carriers to lower their prices charged to the Company, and other risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 2000 and the quarterly report on form 10-QSB for the period ending September 30, 2001. This press release does not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy any securities. |
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