stockhouse.com
9/21/99 -
Aliant Finalizes Equity Stake In Voice Mobility International
VOICE MOBILITY INTERNATIONAL INC ("VMII-L") ALIANT INC ("AIT-T") - Aliant Finalizes Equity
Stake In Voice Mobility International
Voice Mobility International, Inc., a leader in the development and implementation of unified messaging
solutions, announced it has finalized a previously announced equity arrangement with Aliant Inc.
Under the terms of the agreement, Aliant Inc. acquired approximately 1.4 million shares of Voice Mobility
International, Inc., in exchange for research and development. Pursuant to the agreement, Aliant will
continue to provide ongoing product development and testing and will also participate in the launch and implementation of Voice Mobility's
unified messaging solution.
"This partnership has already been invaluable in terms of critical market research and providing our product development group with the ability
to test our software in one of the most highly sophisticated telecommunications environments in the world," said Jay Hutton, President, Voice
Mobility International, Inc., in announcing the agreement.
"There are few if any unified messaging companies with access to large telecom switches such as the one we have been using at the Aliant
group of companies. I believe this provides our customers with a level of comfort that our products have been adequately tested and scaled
prior to their implementation in the field," he added.
At the same time, Mr. David H. Grinstead, Director, New Business Opportunities - Telecommunications for Aliant Inc. and its affiliate
organizations was appointed to the Voice Mobility International, Inc., Board of Directors. Mr. Grinstead, a veteran telecommunications
executive, has a particular focus on the development of exportable businesses and intellectual property.
"David's demonstrated skills in developing and managing new technologies, combined with his outstanding experience in the
telecommunications industry, will contribute significantly to the success of Voice Mobility," commented Mr. Hutton. "We are pleased to
welcome David Grinstead to our Board of Directors and look forward to a long association with him," he added.
"Voice Mobility and Aliant have a rare opportunity to participate in one of the fastest growing sectors of technology," commented David
Grinstead, Director, New Business Opportunities - Telecommunications of Aliant Inc. "I am very enthusiastic about the partnership between our
two companies and look forward to the challenge of launching these exciting messaging products around the world," he added.
The Aliant group of companies is a $3-billion company formed by combining Bruncor, Island Telecom Inc., Maritime Telegraph and Telephone
Company (MTT), and NewTel Enterprises Limited. The Aliant group of advanced technology companies and its 9,000 professionals deliver
full-services expertise in wireline and wireless telecommunications, information technology, mobile satellite services, managed network services,
and leading-edge telecom-centric service development and solutions. Aliant serves consumer and business customers in worldwide markets
from its base in the Maritimes. Aliant is 41.6 per cent owned by Bell Canada Inc.
Voice Mobility is a Vancouver-based unified messaging software company focused on convergent technology. With unified messaging,
voicemail, faxes and Email can be reviewed, stored and managed using a personal computer, a wireless device or the telephone. Voice Mobility
markets its e-go(TM) software to telephone companies, Internet Service Providers, Competitive Local Exchange Carriers (CLECs), Application
Service Providers (ASPs) and wireless communications providers for resale to the consumer. Industry experts expect unified messaging
solutions to be widely marketed to the consumer market beginning in the year 2000 and predict that the global unified messaging mailbox count
will grow from 200,000 in 1997, to more than 110 million by 2003 with revenues reaching more than $9 billion by 2003.
For more information on Aliant Inc., visit their web site at aliant.ca
FORWARD-LOOKING (SAFE HARBOUR) STATEMENT
This news release contains forward-looking statements that involve risks and uncertainties including, but not limited to, future sales, product
demand, growth of the unified messaging industry, competition, the effect of economic conditions and technological difficulties and other risks
detailed in the Company's filings with the U.S. Securities and Exchange Commission. TEL: (604) 482-0000
Jay Hutton, President
Voice Mobility International, Inc. INET : www.voicemobility.com TEL: (888) 266-7897
Investor Relations, Canada TEL: (888) 266-7191
United States EMAIL: Investors@voicemobility.com
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