PKPT - news - this has been on a nice uptrend recently...
biz.yahoo.com
Wednesday December 15, 8:04 am Eastern Time
Company Press Release
SOURCE: PacketPort.com, Inc.
PacketPort.com to Develop Voice over Digital Subscriber Line
Technology
NORWALK, Conn., Dec. 15 /PRNewswire/ -- PacketPort.com, Inc. (OTC Bulletin Board: PKPT - news) today announced a new strategy
that will leverage its 4 years of pioneering experience in the Internet telephony industry. Its new strategy will allow PacketPort.com to capitalize
on emerging telecommunications market trends in the established, high growth, Internet telephony marketplace, by leveraging its core
technologies to increase revenue and speed new product development.
PacketPort.com's new initiative will allow PacketPort.com to launch telecommunications into the next millennium by producing a complete line
of Voice-over-DSL (VoDSL) products -- what Cahners In-Stat Group, an independent research firm, calls ``The Killer App.' Cahners
In-Stat projects the market for VoDSL products to grow from $1 billion in 2000 to over $9 billion in the year 2003 representing a 108%
compounded annual growth rate.
PacketPort.com will leverage its unique SUN Solaris technical expertise in building open-scalable SS7-enabled Carrier Class Gateway
products to reduce the time to market for its VoDSL product line.
Digital Subscriber Line or DSL is currently being marketed as a service which provides high-speed Internet access over the existing copper
wires of the circuit switched telephone system. Voice-over-DSL, however, allows the same line to provide multiple lines of Voice or
Fax-over-IP service in addition to high-speed Internet.
PacketPort.com expects its VoDSL product development to be completed by the first quarter and begin shipping commercially in the second
quarter.
PacketPort.com will continue to grow and gain market share in their existing IVR, CTI, and IP Gateway platforms as well as speed the
production of high density Carrier class SS7-enabled Gateways.
About PacketPort.com, Inc.
PacketPort.com develops and markets Internet Protocol Telephony products and services for the Internet, telecom and other data networking
industries. PacketPort.com (previously Linkon) was recently named as one of Deloitte & Touche's ``Fast 50,'a group of the fastest growing
companies in Connecticut. The magazine, Internet Telephony, also named the Corporation's LinkNet IP Telephony Switch as a ``Product of
the Year' for 1998. PacketPort.com's products are sold to end-users and through system integrators, application developers, value-added
resellers and original equipment manufacturers.
Other IP Telephony and DSL companies include 3Com, Covad Communications, Paradyne Networks, Copper Mountain, Deltathree.com,
ITXC Corp., Net2Phone, Natural Microsystems, and Clarent.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical
fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks
detailed from time to time in the company's filings with the Securities & Exchange Commission.
SOURCE: PacketPort.com, Inc. |
