While doing my due diligence on Premiere Technologies, I came across the following article which reinforced my belief that their is more, lot more to PTEK than their investment(s) in WebMD and other future Internet companies!
Premiere Technologies Internet Fax Dominates Emerging Market
PTEK Internet Fax Grows 940% to Nearly $8 Million in First Quarter
ATLANTA--(BUSINESS WIRE)--April 28, 1999
Premiere Technologies, Inc. (NASDAQ:PTEK - news, www.premtec.com - news) today announced its worldwide PTEK Internet fax business increased 940% in Q1 1999 over Q1 1998, establishing Premiere as the market leader in Internet fax. Premiere provides innovative solutions that simplify communications by combining the power of the Internet with the reach of the telephone.
Peter Davidson, a leading fax industry research analyst with International Data Corporation (IDC) said, ''With Premiere's strength in fax delivery services, the Internet is a perfect extension to their current fax offering. They have positioned themselves well in the marketplace in giving the customer the choice in communications tools. And, make no mistake about it, Premiere is the company that virtually grew the fax services market today, and the company that is far and away the leading candidate to dominate the emerging Internet fax market.''
During the first quarter of 1999, PTEK Internet fax generated revenues of more than $7.8 million worldwide, with more than half coming from Orchestrate® XWeb® business. IDC, the research leader in the fax industry, estimates 1998 revenues for Internet-related fax were $50 million, with 1999 projections at $175 million - a 250% increase. IDC also predicts a compounded annual growth rate of 151% for this service over the next five years.
''One of Premiere's key initiatives for 1999 is to Web-enable all of our existing services through Orchestrate®, our Internet-based communications technology. The fax business is a good example of just one of our service offerings that we have energized through the power of the Internet,'' said Boland T. Jones, Premiere Technologies Chairman and CEO. ''As a customer-focused organization, Premiere provides our customers with a variety of solutions when it comes to communications - giving them the option to use the communications vehicle of their choice, whether it's the Internet, the telephone or a fax machine.''
Premiere's network flexibility offers clients a wide range of communications tools from traditional fax to Internet faxing. Specifically, the Internet fax service offers Premiere's clients the ability to connect PCs, fax machines, e-mail systems, fax servers and Web sites through its IP network.
Premiere will continue to market Web-based communications solutions to its diverse client base, which includes 40% of the Fortune 500 companies. Several types of clients are currently using Premiere's Internet fax services, including the high tech industry, the publishing industry for renewal updates, newsletter distribution, and sales and other mobile professionals who have easier access to their computer than to a traditional fax machine.
Atlanta-based Premiere Technologies, Inc. (NASDAQ:PTEK - news) provides innovative solutions to simplify communications by combining the power of Internet with the reach of the telephone. Founded in 1991, Premiere has operations in 32 countries and can be found at www.premtec.com.
biz.yahoo.com
Things sure look bright for Premiere Technologies!!!
Karim |
