Net2Phone NASDAQ NM: NTOP
Last Update: 8:05:00 AM ET Jun 27, 2001
"Net2Phone's Commercial Success in PC to Phone Market is
Crucial in Making the PC an all Encompassing Communications
Platform of Tomorrow," - iLocus
NEWARK, N.J., Jun 27, 2001 (BUSINESS WIRE) --
iLocus Reports Net2Phone Controls 72% Market Share for PC-to-Phone
Services
Net2Phone Inc. (NTOP) today announced that it has received accolades from
two of the top market research firms covering the Voice over IP industry.
iLocus, a market research group dedicated to the IP telephony industry,
reported that Net2Phone leads the PC-to-phone market, handling about 72%
of both traffic and revenue of the global PC-to-phone market. In its report
entitled "PC-to-Phone: An Industry at Crossroads," analyzing the current
state of the PC-to-Phone industry with a focus on its future prospects, iLocus
states that Net2Phone is the acknowledged industry leader.
"Net2Phone's commercial success in PC to Phone market is crucial in
making the PC an all encompassing communications platform of tomorrow,"
said Roderick Beck, analyst at iLocus. "Net2Phone has clearly emerged as
the leader in the PC-to-phone space with 72% of the market share. Its
success reflects its dominant position in the online marketing channels, and
its pursuit of a traditional paid retail telephony model as opposed to the
mistaken free banner advertising approach."
Frost & Sullivan awarded Net2Phone the Market Engineering Strategic
Alliance Leadership ward, based on its strategic positioning. This award is
given to the company that has demonstrated excellence in strategic alliance
leadership within their industry, improved its market position based on the
development of strategic alliances with firms in competing or related markets,
signifying a company's strategic excellence in developing partnerships and
alliances that result in better customer service, increased profit potential,
improved corporate performance and/or augmented market share. According
to its World VoIP Services Market reported published in May, Net2Phone's
strategic alliances should have a significant impact on the company's
profitability.
"We are honored that iLocus and Frost & Sullivan, both highly respected
sources for market information, have presented us with such praise," said
Howie Balter, CEO of Net2Phone. "We believe our customers, who have been
benefiting from Net2Phone's services for five years, are the truest proof
positive and validation of our company's success, and look forward to
providing more valuable services to customers worldwide for years to come."
Founded in 1995, Net2Phone is a leading provider of voice and enhanced
services over IP networks to consumers, businesses and carriers worldwide.
With millions of users around the world, Net2Phone enables toll-quality calls
between computers, telephones, and broadband devices utilizing IP
networks. Recognized as the first company to bridge the Internet with the
public switched telephone network, Net2Phone has routed more than 1.5
billion minutes of traffic over its award-winning network. Traded on the
NASDAQ under the symbol NTOP, Net2Phone's strategic partners and
investors include AT&T, America Online, and Yahoo!. Net2Phone also offers
enhanced hosted service solutions, including voice recognition, for
businesses around the world. For more information about Net2Phone's
products and services, please visit www.net2phone.com.
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These forward- looking
statements involve risks and uncertainties and actual results could differ
materially from those discussed in the forward-looking statements. For this
purpose, any statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements. Factors which may affect the Company's results include, but are
not limited to, the Company's ability to expand its customer base, the
Company's ability to develop additional and leverage its existing distribution
channels for its products and solutions, dependence on strategic and channel
partners including their ability to distribute the Company's products and meet
or renew their financial commitments, the Company's ability to address
international markets, the effectiveness of the Company's sales and
marketing activities, the acceptance of the Company's products in the
marketplace, the timing and scope of deployments of the Company's
products by customers, fluctuations in customer sales cycles, customers'
ability to obtain additional funding, technical difficulties with respect to the
Company's products or products in development, the need for ongoing
product development in an environment of rapid technological change, the
emergence of new competitors in the marketplace, the Company's ability to
compete successfully against established competitors with greater
resources, the uncertainty of future governmental regulation, the Company's
ability to manage growth, obtain patent protection, and obtain additional
funds, general economic conditions and other risks discussed in this Report
and in the Company's other filings with the Securities and Exchange
Commission. All forward-looking statements and risk factors included in this
document are made as of the date hereof, based on information available to
the Company as of the date thereof, and the Company assumes no obligation
to update any forward-looking statement or risk factors.
CONTACT: Net2Phone Corporate Communications, Newark Sarah Hofstetter,
973/412-2882 sarah@net2phone.comURL:
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