deltathree Inc. Upgrades Interconnection to Increase Transaction Volume On AIG Telecom's Central Marketplace.Business Editors GREENWICH, Conn.--(BUSINESS WIRE)--August 28, 2000 AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Telecommunications LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("AIG Telecom"), a leading online Central Marketplace for telecom network capacity, announced today that deltathree Inc. (Nasdaq: DDDC DDDC Dedicated Design Day Capacity (natural gas rate calculation) DDDC Defense Distribution Depot, San Diego, CA DDDC Defense Debriefing & Document Center ) will upgrade its interconnection with AIG Telecom to a DS-3. deltathree Inc. is a global provider of IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. services and other enhanced, web-based communications services to individuals and businesses worldwide. "This agreement with deltathree Inc. is an example of how AIG Telecom has been successful in achieving our primary goal - creating and delivering efficiency for our members," said Eric L. Raab, 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 AIG Telecom. "Coupling the live interaction of our online platform with experienced traders is proving to be a more pro-active and efficient way for marketplace participants to plan, transact and execute their business objectives." "deltathree Inc. benefits greatly from the efficiencies provided by AIG Telecom's trading model." stated Jerry Norton Jerry Ray Norton (born May 16, 1930 in Gilmer, Texas) is a former professional American football player who played eleven seasons in the National Football League for four different teams. He was selected to five Pro Bowls. , Vice President of Site Development for deltathree Inc.. "We have been actively trading on the AIG Telecom market for the last six months. The online platform - AIG TeleTrader(sm) - empowers us with true real-time transaction capability. Buy and sell orders are promptly provisioned, and AIG Telecom's front office systems permit us to get precise matches catering to our specific buying and selling requirements. Working with AIG Telecom has also eliminated the burden and cost attached to settlement issues." In the last three months, AIG Telecom has experienced double-digit increase of its monthly traffic volume and dynamic growth of its participant base ordering interconnections and engaging in active trading. About AIG Telecommunications LLC AIG Telecom is the premier online Central Marketplace for telecom capacity. AIG Telecom is developing the most comprehensive operational, technical and legal infrastructure to streamline the process of wholesale telecommerce. AIG Telecommunications LLC is a subsidiary of AIG Trading Group Inc., a member of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG). AIG is the leading U.S.-based international insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. About deltathree, Inc. A provider of cutting edge Internet telephony services for businesses and consumers, deltathree routes Internet telephony traffic from more than 3.1 million subscribers in over 160 countries including 14 international telecommunications carriers. With 71 Points of Presence in 36 countries, the company's award-winning network is dedicated entirely to the transport of Voice and Fax over Internet Protocol. deltathree's services include PC-to-Phone, D3Boxtm, a Unified Messaging Service; ClickIT(tm), an innovative e-commerce solution; calling cards; and global roaming services. AIG Telecommunications LLC is an indirect subsidiary of AIG Trading Group Inc., which in turn is a subsidiary of American International Group, Inc. AIG Telecommunications LLC and its affiliates act solely in the capacity of an arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. contractual counterparty and not as an adviser or fiduciary. Nothing herein shall be construed to place AIG Telecom or deltathree Inc. in the relationship of partners or joint venturers. The description set forth above of AIG Telecommunications LLC and its affiliates and their respective businesses is for informational purposes only, and is not an offer to enter into any transaction." This press release contains forward-looking statements 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. " 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. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements. For a detailed discussion of these cautionary statements, risk factors and uncertainties, please refer to the Company's filings with the Securities and Exchange Commission |
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