Yak Communications Joins Forces with Emergent Network Solutions and DaVinci Integration to Offer New Prepaid Feature for Its New yakForFree VoIP Service.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. & TORONTO -- Sophisticated Prepaid VoIP Feature Provides yakForFree Members With Easy Means for Upgrading to Local/Long-Distance VoIP-to-PSTN Services Yak 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 :YAKC), a provider of telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. to residential and business customers, announced today that it has joined forces with Emergent Network Solutions, Inc. and DaVinci Integration Inc. to provide users of its new yakForFree VoIP service (www.yakforfree.com) with an easy means for upgrading to local/long-distance VoIP-to-PSTN services. This sophisticated, prepaid VoIP capability is a standard feature of the new yakForFree virtual videophone (1) (VideoPhone) A line of videophones (definition #1 below) from AT&T that were introduced in the early 1990s and later pulled off the market due to poor sales. The first models came with a price tag above $1,000, and a pair were needed. See Picturephone. service, which debuts today. The new prepaid yakForFree VoIP capability is provided through a partnership between Emergent and DaVinci, whereby Emergent's innovative open systems platform, ENTICE, enables the feature and DaVinci integrates it. Yak expects that the new yakForFree service represents a "disruptive force" in the VoIP arena, offering the first free member-to-member voice AND video online service and enticing users to move to VoIP as the primary means for communicating with colleagues, friends and family around the world. "The collaboration with Emergent and DaVinci has helped to put our revised VoIP business strategy on the map," said David Hurwitz David Hurwitz is a classical music writer, record reviewer, and percussionist. He has written reviews for High Fidelity, Fanfare, the website Classics Today (as founder and Executive Editor), and Amazon.com. , President of VoIP Initiatives of Yak Communications. "To remain competitive in the VoIP space, we had to adapt quickly to rapidly evolving market conditions. DaVinci's expertise combined with Emergent's ENTICE platform provided us with the essential operational elements to help bridge the gap between our existing VoIP infrastructure and the enhanced yakForFree system." "Yak and DaVinci required a durable, scalable and easily-integrated prepaid capability for this critically important function. The ENTICE enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; platform is designed specifically for such applications," said Nathan Franzmeier, President of Emergent Network Solutions. "This technology will fully support Yak's needs now, while also giving it a base for additional value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. in the future." "We believe yakForFree has the potential to reach millions of people worldwide, establishing Yak as a premier global VoIP provider," said Charles Zwebner, Chairman and Chief Executive Officer. "Using Emergent's ENTICE enhanced services platform provides us with a fast, cost-effective method for capitalizing on the higher margins and faster cash flow made possible by prepayment. We anticipate a significant number of consumers to sign up for this free communications alternative that requires only a PC, camera and a broadband connection See broadband and wireless broadband. . Once they subscribe, the Emergent/DaVinci solution makes it easy for members to upgrade to the prepaid yakToAnyone service." yakForFree users can place free online videophone calls only to other yakForFree members. yakToAnyone, an upgrade service available to yakForFree members, will be able to place VoIP calls from their VoIP videophone to non-member local and long distance numbers in 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. and Canada for just $.02 per minute. Calls can also be placed to international numbers at highly competitive prices. For more information about yakForFree, yakToAnyone, and other popular yak VoIP services, visit www.yak.com. About Emergent Network Solutions, Inc.: Emergent Network Solutions (ENS) is a leading provider of advanced telecommunications software for the emerging communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. . ENS offers a broad portfolio of solutions based on its cutting-edge ENTICE (Emergent Networks Telecommunication Infrastructure Control Environment) technology. The ENTICE portfolio includes a softswitch, session controller, VoIP gateway, converged tandem/ international gateway and various enhanced service solutions. All ENTICE solutions are open allowing deployment today with room for opportunistic innovation in the future. Emergent's products, services, and expertise allow carriers to adapt swiftly to changing industry conditions and maximize their current and future networks. The company is privately owned. For more information, visit www.emergent-netsolutions.com. About DaVinci Integration: DaVinci Integration is a leader in VoIP integration solutions and the premier authority on VoIP. The management team is comprised of technical and business VoIP and telecom veterans from Excel Switching, Lucent, NexTone and ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. . The company provides global carriers and service providers with network consulting as well as cost-effective voice over IP outsourcing and best of breed technology solutions for any size network. For more information about DaVinci Integration, please visit http://www.davincint.com/. About Yak Communications Yak Communications Inc. (NASDAQ:YAKC - News) is an Integrated Communications Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) offering a full array of long distance (1+, toll free and dial-around), local lines, travel cards, cellular long distance, data services, and broadband voice (VoIP) to residential and small businesses in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. over high speed internet access See how to access the Internet. . Yak currently serves approximately 900,000 customers for its traditional telecom services. For more information, visit www.yak.com. Forward Looking Statements: Statements contained in this news release, which are not strictly historical are forward looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. clause 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. Yak Communications Inc. (the "Company") makes these statements based on information available to it as of the date of this news release and assumes no responsibility to update or revise such 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. . Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements. Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, our ability to satisfactorily address any material weaknesses in our internal financial controls, our success in integrating the operations of any newly-acquired businesses, and associated reduction in costs, the successful implementation of our business plans including growth of existing product offerings, strategic acquisitions and development of broadband telephony See VoIP. products, the successful integration of new management team members, continued and increased demand for our services, the successful deployment of new equipment and realization of material savings there from, competition from larger and/or more experienced telecommunications providers, our ability to continue to develop our markets, general economic conditions, changes in governmental regulation, and other factors that may be more fully described in our literature and periodic filings with the Securities and Exchange Commission. You are urged to carefully review and consider these disclosures, which describe certain factors that affect our business. Yak Communications Inc. (NASDAQ:YAKC) |
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