Telecom New Zealand Limited Enters Into Agreement with WorldGate to Purchase Ojo(TM) Personal Video Phones.WorldGate Will Also Provide Video Phone Service to Telecom Customers TREVOSE, Pa. -- WorldGate Communications Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : WGAT), a leading provider of personal video phones today announced that it has entered into an agreement with Telecom New Zealand Telecom New Zealand (NZX: TEL ASX: TEL NYSE: NZT) is a Wellington, New Zealand-based telephone company and, through its subdivision Xtra, an internet service provider. It has been run as a publicly-traded private company since 1990. Limited, New Zealand's leading Telecommunications provider, for the purchase of WorldGate's Ojo(TM) Shadow personal video phones. Ojo is the first broadband video phone to feature a friendly and intuitive display that facilitates realistic, face-to-face, personal communications experiences over DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary and cable broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . Customers can simply connect their Ojo personal video phone to their broadband networks to experience true-to-life video phone calls around the world. WorldGate provide the video phone service for a flat monthly rate. "We are very happy to announce this new relationship with such a well respected communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. in a new part of our world," said Hal Krisbergh, Chairman and 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. of WorldGate. "We are encouraged by Telecom's foresight to recognize that people are adopting video as an important part of their communications experience. We have seen that Telecom's creativeness in service offerings and marketing are of the highest caliber and we look forward to rapid growth among their customers." More information on WorldGate and Ojo personal video phones can be accessed at www.WGATE.com. ABOUT WORLDGATE COMMUNICATIONS INC. WorldGate Communications Inc. designs, manufactures, and distributes the Ojo line of personal video phones. WorldGate's products will be marketed to consumers through cable, DSL, VoIP and satellite service providers as well as through retail stores worldwide. Ojo personal video phones make conventional (or VoIP) voice-only phone calls using the existing household telephone service, and offer high quality, real-time, two-way video communications with video messaging and an optional cordless handset. The Ojo video phone is designed to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" industry standard protocol (SIP) and utilizes enhancements to the latest technology for voice and video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. (H.264) to achieve superior quality at data rates as low as 100 Kbps. WorldGate has been awarded a patent for its distinctive design and has patents pending for its specialized technology. This unique combination of functional design, advanced technology and use of broadband networks provides real-time video communication experiences that bring families and friends closer together, and for the first time provides consumers with a high-quality, affordable video phone. WorldGate is traded on NASDAQ under the symbol WGAT. WorldGate and Ojo are trademarks of WorldGate Service Inc. Any other trademarks used in this document are the property of their respective owners. This press release may contain 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. that are made pursuant to the safe-harbor provisions 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. Expressions of future goals and similar expressions including, without limitation, expressions using the terminology "may", "will", "believes", "plans", "expects", "anticipates", "predicts", "forecasts", and expressions which otherwise reflect something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to fund operations or raise additional capital if needed and the other factors described in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. No obligation is undertaken to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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