IPVoice.com, Inc. - OTC: BB - IPVC.OB - Files Application to Become Fully Reporting Company
Business Wire - November 01, 1999 08:20
PHOENIX--(BUSINESS WIRE)--Nov. 1, 1999--IPVoice.com(TM) announced today that it has filed its application with the Securities and Exchange Commission (SEC) to become a fully reporting company.
"We have now completed our financial audit and other formalities and are truly looking forward to becoming fully reporting. We believe IPVoice.com has filed its application in time to allow any possible comments from the SEC, and for us to respond to any such comments," says Barbara Will, President and COO of IPVoice.com. "By taking this step, IPVoice.com accomplishes two things: we comply with new SEC and NASD regulations, and we set the stage for the company to take the next step."
"Our deployment of IPTelephony gateways is proceeding according to our plans," continued Ms. Will. "Now that we are generating revenues, IPVoice.com should soon meet the SEC requirements to allow us to make application to the NASDAQ to be listed on the NASDAQ small cap market. This move could provide greater investor exposure for our company. Applying for our fully reporting status on the over-the-counter electronic bulletin board is the first step in completing our long-range public market plans".
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 products are two Internet Gateways named "TrueConnect(TM)" and "SuperConnect", both fully Y2K compliant gateways that allows users to conduct real-time full duplex, high quality two-way voice communication over the Internet. To support TrueConnect and SuperConnect, 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) and other Voice over the Internet services such as the one offered by NetSpeak (NASDAQ: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.
CONTACT: IPVoice.com, Inc., Phoenix
Investor Relations, 602/335-1231
Fax: 602/335-1577
Website: www.ipvoice.com
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