MetroPlus Communications Completes AgreementWith IPVoice.com, Inc. for 16 Exclusive Marketing Territories
July 26, 1999 08:58 AM
LAKE ELSINORE, Calif.--(BUSINESS WIRE)--July 26, 1999--MetroPlus Communications Technology, Inc.,BB , a Division of NP Energy Corporation, is pleased to announce the signing of a contract with IPVoice.com, Inc. BB granting MetroPlus 16 exclusive marketing territories in Canada, Washington State and Oregon.
MetroPlus, which is based in Vancouver, BC, is building its own marketing and licensing system for phone-to-phone Internet Telephony. Internet Telephony uses the Internet to send audio between two telephones in real time. IPVoice.com is a 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.
The contract stipulates minimum revenue targets of $3 million per year, per gateway. MetroPlus will be terminating phone calls throughout the IPVoice.com network in addition to creating its own customer base.
"We began an extensive search to find the right company to partner with in the field of Internet Telephony. IPVoice.com by far has the best product on the market. We are very pleased we could reach a conclusion on the contract and look forward to opening our first gateway very soon," said Mark Jensen, Marketing Director for MetroPlus.
MetroPlus is a TruePartner Master Distributor, a license program for operating Internet gateways through IPVoice.com. MetroPlus is granted exclusive territories in Canada, Washington and Oregon. There are 16 primary cities involved in the agreement. In Canada, MetroPlus will have active gateways in the next 12 months in Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Montreal and Halifax. In Washington State, MetroPlus will operate gateways in Seattle, Tacoma, Spokane, the Tri Cities and Vancouver. In Oregon, the company will be in Albany, Beaverton, Eugene and Portland.
MetroPlus will be marketing its program with IPVoice.com using the Web Access Card program created by Ultimate Direct, Inc. BB . A test market for a prepaid phone card is set to begin August 15, 1999 in the Southwest United States with a regional convenience store chain. Also, MetroPlus will be going live with its revised Web site for the test market. It will be using a new marketing tool called the "Wired World Assessment" to help consumers choose the best telecommunications product and help them integrate technology into their lifestyle.
In addition, MetroPlus Communications Technology, Inc. has absorbed the assets of MCC MetroPlus Communications. The new gateway program will be operated under MetroPlus Communications Technology, Inc.
"Safe harbor for Forward Looking Statements: Excerpt for historical information contained herein, the statements in this Release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve unknown risks and uncertainties that may cause the Company's actual result in future periods to differ materially from forecasting results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition and risks inherent in the Company's operations."
On behalf of the Board of Directors
Per: Ray Lazo, President
Trading - OTC Bulletin Board
Symbol - NPEC
Cusip No. 629362-20-03
Tel - 909-245-9498
Fax - 909-245-9438
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