IPVoice.com, Inc., - OTC-BB: IPVC - Signs Agreement with ICG Communications, Inc. - NASDAQ: ICGX -
July 7, 1999 08:59 AM
LITTLETON, Colo.--(BUSINESS WIRE)--July 7, 1999--
IPVoice.com expands buildout of Flat25(tm) Network.
IPVoice.com(tm) is pleased to announce they have entered into an agreement with ICG Telecom Group, Inc., a subsidiary of ICG Communications, Inc. ICGX , for network services expanding on the co-locations sites announced in the June 15th Level 3 Communications LVLT press statement.
IPVoice.com will purchase local loop access and additional co-location services from ICG for expansion of its Flat25 network. The agreement with ICG enables IPVoice.com to begin deployment of TrueConnect(tm) Gateways in 19 cities - 10 of which are part of the original Flat25 network - in California, Colorado, Texas and Georgia.
IPVoice.com's Flat25 Plan gives residential customers unlimited long distance minutes for $25 per month. Customers will be able to make phone calls over the Internet using a regular telephone, without having to own a computer. On May 20, 1999, IPVoice.com outlined the first 6 cities that would receive the service. This initial plan will be increased and accelerated to cover 15 major sites that IPVoice.com plans to have in operation by August of this year.
In the upcoming weeks IPVoice.com plans to announce additional agreements that will fulfill the company's commitment to deploy TrueConnect(tm) Gateways and commence network operations of its Flat25 services in the United States. Flat25 services will eventually allow consumers the opportunity to call over 240 destinations worldwide at very favorable rates. Flat25 brings IPVoice.com into direct competition with such long distance customers as AT&T ATT , MCI WorldCom WCOM and Sprint FON .
ICG is a leading competitive local exchange carrier (CLEC) offering high-quality telecommunications services. "IPVoice.com will greatly benefit from this agreement," says Barbara Will, President and COO of IPVoice.com.
"ICG's experience with local, long-distance and enhanced telephony and data services promises to continue the high quality standards that we have already established for our product."
With headquarters in Englewood, Colorado, ICG Communications, Inc. ICGX is a competitive telecommunications provider of high-quality, integrated communications solutions. ICG offers local, long distance and enhanced telephony, and data communications to small and medium-sized businesses in California, Colorado, Ohio, Texas and the southeastern United States.
The company also provides high-speed data network capabilities and services to Internet service providers throughout the US, using ICG's nationwide network. Through other subsidiary operations, ICG designs and installs copper, fiber and wireless infrastructure for buildings and campuses; ICG also offers international satellite voice and data services. For further information on ICG, visit the company's web site at icgcom.com.
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 VOCLF and other Voice over the internet services such as the one offered by NetSpeak 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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