WOWW looks very good, picked up a little. Thanks Tom
here is the news
World CallNet Launches Digital ISP Offering
LONDON, England, Oct. 13 /CNW-PRN/ - World CallNet, Inc. (OTC Bulletin Board: WOWW) announced today that it is offering 128k (dual channel) ISDN digital Internet connections to business and residential customers in the United Kingdom. Coined CallNet Digital, this new service will help secure World CallNet's position in the UK's exploding business-to-business Internet sector, as well as being a significant adjunct to the Company's e-Commerce Group, scheduled to launch next month.
Included in the CallNet Digital offer are free Internet and e-mail accounts; free virtual web site (with 30MB space); all the free ISDN hardware, software and installation necessary; and up to 37 hours of free local phone access per month. New subscribers to the service will enjoy over pnds stlg 300 of added value with their only cost being the quarterly line rental and incurred call charges.
European and UK telephone calls are metered and are charged a per-minute rate (peak, off-peak & weekend tariffs), which includes all local calls used for Internet connectivity. As a result of deregulation, European telephone companies are engaged in intense competition for local call traffic and to gain market share. World CallNet's business model takes advantage of these two elements by receiving a commission from telephone carriers for generating local telephone traffic by stimulating Internet usage.
Neil Martin, World CallNet's Network Manager commented, ''CallNet Digital is designed to attract new and existing SME and SOHO customers with free digital connections that offer high speed performance. We believe that our Digital offering represents excellent value to our consumers as well as enabling the company to maximize the revenues, which can be generated from our UK network and infrastructure. Business-to-business customers are on line during peak hours and generate the highest value call revenues in terms of both connection times and tariffs. Of most significance however, is that Digital users are signed to a three year contract.''
CallNet (www.callnetuk.com), which was recently acquired by World CallNet, is one of the fastest growing ISP's in the UK and has increased its subscriber base since its launch in late December 1998 to over 135,000 customers. In May, CallNet was awarded the highest-ranking ISP by PC User magazine and has since been rated as the No.4 out of the top 50 UK ISP's in an independent network performance test by NetBasics.
Company President and CEO Paul Goodman-Simpson commented, ''World CallNet will utilize the CallNet network to run the MailTV Internet products (http://www.mailtv.com) scheduled for a World launch at the 'Switched On' trade show at the Olympia Stadium in London on the 26-28th of November this year. WOWW will benefit significantly through its increased share of revenues generated from MailTV traffic. It is no coincidence that both MailTV and the ISP divisions are able to share the same infrastructure and provide World CallNet with considerable cost savings.''
The MailTV product - which offers email, chat, and text-based web services - is under patent application by WOWW, and is incorporated in silicon chips being built into new TV sets and as a retrofit keyboard for existing TV's. Due to its extreme low cost of manufacture, MailTV offers customers the lowest cost of entry to the Internet without the requirement of purchasing computers, additional requisite hardware, or entering into term subscription agreements as operated by many firms including parallel technology WebTV, owned by Microsoft (Nasdaq: ''MSFT''). It should be noted that the market for MailTV is exceptional and extraordinary, and conservatively numbers in the hundreds of millions worldwide.
The international rollout of MailTV will commence in early 2000, started in Australia by MailTV Ltd. (AUS.). Further territories for MailTV commercialization are currently in negotiation with industry and marketing partners around the world. |
