IPVoice.com, Inc. -OTC:BB - IPVC.OB- Announces its First Revenues
PHOENIX--(BUSINESS WIRE)--Oct. 6, 1999--IPVoice.com(tm) is pleased to announce that the company has started producing revenues on its Calling Card services.
IPVoice shipped over $50,000 in revenue during the last week of September. The company estimates that the Calling Cards should produce a revenue stream of over $500,000 per month over the next 60 days.
``We are very excited to be able to announce that the company is starting to produce revenues,' says Barbara Will, President and COO of IPVoice. ``It is rewarding to see our hard work produce something tangible, and to be able to keep the confidence of our investors.'
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 - news) and other Voice over the internet services such as the one offered by NetSpeak (NASDAQ:NSPK - news).
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.
Contact:
IPVoice.com, Inc.
Investor Relations
602/335-1231, Fax: 602/335-1577
Website: www.ipvoice.com
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