VoIP, Inc. Signs 6 New U.S. Service Providers for Its Enhanced Services Platform; Company continues to add VSP customers at a rapid pace.
The VSP enhanced services platform is a fully hosted and managed solution with wholesale network services that enable Service Providers to sell their own branded VoIP telephone service and rate plans through a customized web site. The Company's network currently provides telephone numbers from over 35 States and terminates calls to over 220 Countries. Service Providers VoIP Solutions also manufactures its own Multimedia Terminal Adaptor (MTA) with integrated router, connecting any analog phone to the network via a broadband Internet connection with secure auto provisioning and QOS. Under each Agreement, VoIP Inc. will supply their MTA exclusively to the Service Providers.
The new Domestic Service Provider agreements are with; Intercel Limited, Herndon, VA - Internet Telephone Corporation, Pinecrest, FL - MachMedia Inc., Portland, OR - TouchFON International, American Fork, UT - Advanced Communication Solutions, Pineville, WV - TeleCable Services, LLC, Milwaukee, WI.
"Our choice to partner with VOIP Solutions Inc, has set the stage for Intercel to offer a web based interface along with its broadband VoIP offering," said Michael Cothill, Executive VP of Intercel Telecoms Group. The Virtual Service Provider platform provides real time billing capabilities and a secure back-end environment to manage our customer base via access to a partitioned soft-switch solution hosted by VOIP Solutions Inc. "Their solution has provided our company the fastest launch time to market and has given us the ability to take advantage of the small window of opportunity to substantially increased revenues domestically, in the United Kingdom as well as the recently liberalized markets in Africa."
"VoIP Solution's VSP customer base is growing rapidly as operators realize that they can bring their own unique services to market quickly without losing customer ownership as a reseller of another vendors services," commented Clive Raines, Sr. VP of VoIP Solutions Inc. "VSP's can determine their own rate plans and bill their customers directly via their own merchant accounts. At no time is the end user aware that VoIP Solutions is behind the web site or services."
"Our company is gaining tremendous traction with ISPs, Telcos and independent Cable companies," said Steven Ivester, CEO of VoIP, Inc. "There are many companies trying to get to market with a VoIP offering but more often than not, the price of operating a soft switch, termination network, billing system, and the related staffing cannot be justified. Demand for our platform has increased substantially since the first of the year because our competitors simply do not offer an equivalent solution with the features, flexibility and potential profitability of our VSP offering. Our investment in the VSP hosted solution and expanding our global network is now starting to pay off."
About VoIP, Inc.
VoIP, Inc. is an emerging global service provider of superior quality Voice over IP based solutions offering residential and business customers more user friendly and affordable ways to communicate. VoIP, Inc. also manufactures products and provides services to Internet Service Providers, Telecommunication Service Providers and Cable Operators in strategic countries around the world. VoIP, Inc., through its subsidiaries, provides a comprehensive portfolio of IP multimedia-based solutions ranging from subscriber based voice services, to SIP based infrastructure design and deployment, to broadband customer premise equipment design and implementation services, as well as engineering design, manufacturing and distribution of wireless broadband technology. VoIP, Inc. has applied for a patent for its state of the art VoIP Multimedia Terminal Adaptor which today supports the FCC Commission's desire for VoIP providers to deliver Emergency 911 Calling, Disability Access, and Law Enforcement Access capabilities to the marketplace. For more information visit the VoIP, Inc. Web site: http://www.voipinc.com.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
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|Date:||May 2, 2005|
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