I do not think so ... NPEC News .... IPVoice.com, Inc., Announces Agreement With MetroPlus Communications
Forecasted to Bring a Revenue Stream of $48 Million Per Year
LITTLETON, COLO. (June 2) BUSINESS WIRE -June 2, 1999--
After a Review of 30 Other Products, MetroPlus Calls
Ipvoice.com's Technology "The Best."
IPVoice.com(TM) (OTC BB:IPVC) is pleased to announce they have a signed
Letter of Intent for exclusive marketing territories in Canada,
Washington and Oregon with MetroPlus Communications Technology, Inc., a
division of NP Energy Corporation (OTC BB:NPEC).
Through this agreement, MetroPlus will be a TruePartner Master
Distributor, granting them a license to operate gateways through
IPVoice.com. As a requirement of the IPVoice agreement, each gateway
must produce at least $250,000 in revenue per month, or $3 million per
year. The cost to license the gateways in the exclusive territories
will be approximately $1 million. There are 16 primary cities involved
in the agreement. Within the next twelve months, there will be
IPVoice.com TrueConnect(TM) gateways in Canada in Vancouver, Calgary,
Edmonton, Winnipeg, Toronto, Montreal and Halifax. In Washington State,
TrueConnect gateways will be operational in Seattle, Tacoma, Spokane,
the Tri Cities and Vancouver. And in Oregon, TrueConnect gateways will
serve Albany, Beaverton, Eugene and Portland.
Barbara Will, President and Chief Operating Officer of IPVoice.com
states, "MetroPlus is familiar with their marketplace. After reviewing
their sales and marketing strategies, we are very excited about the
opportunities and undoubted success this kind of partnership will bring
to both companies."
According to Mark Jensen, Marketing Director for MetroPlus, Internet
Telephony is expected to account for at least six percent of all phone
traffic and reach revenues of $24 billion in the next three years.
IPVoice.com figures to be an important component in allowing companies
to share in that revenue. "We looked at 30 other products and chose
IPVoice.com because they simply had the best product out there," said
Jensen.
IPVoice.com just recently announced the implementation of gateway
installations internationally, as well as their Flat25 Plan which
offers unlimited long distance for a flat rate of $25 per month in 30
cities in the US and Canada, bringing them into direct competition with
such long distance carriers as AT&T (NYSE:T), MCI WorldCom (NYSE:WCOM)
and Sprint (NYSE:FON). Within the coming months IPVoice.com will
implement the installation of at least 30 gateways internationally. The
Letter of Intent signed by MetroPlus to be a TruePartner Master
Distributor is an important step towards realizing the global network.
As Barbara Will stated on April 26, 1999, "This is the future of
communication. Households will be able to make phone calls over the
Internet using a regular telephone and realize savings."
IPVoice.com is the developer and producer of unique proprietary state
of the art software and hardware solution for use in IP Telephony.
IPVoice.com's premier product is an Internet Gateway named
"TrueConnect(TM)", a fully Y2K compliant gateway that allows users to
conduct real time full duplex, high quality two-way voice communication
over the Internet. To support TrueConnect, IPVoice.com has developed
proprietary support products in the areas of order entry, billing,
customer service, agent management and a switching network management
system. Their system is poised to compete and surpass other Gateway
manufacturers such as VocalTec (Nasdaq:VOCLF) and other Voice over the
internet services such as the one offered by NetSpeak (Nasdaq:NSPK).
Note: This press release contains certain "forward-looking" statements
as such term is defined in the Private Securities Litigation Reform Act
of 1995 and information relating to the company and its subsidiaries
that are based on the beliefs of the company's management as well as
assumptions made by and information currently available to the
company's management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic conditions,
customer relations, relationships with vendors, the interest rate
environment, governmental regulation and supervision, seasonality,
distribution networks, product introductions and acceptance,
technological change, changes in industry practices, and one-time
events. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect,
actual results may vary materially from those described herein.
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CONTACT: Buying Power Network, Boca Raton, Fla.
Terry Joyce, 561/361-9277
Fax 561/361-9217
or
www.IPVoice.com |
