TelMex, Talk Visual Sign Exclusive Inter-Operatability Agreement for Low-cost Videocall Transport
MIAMI--(BUSINESS WIRE)--July 28, 2000--(OTC-BB: TVCP). TALK VISUAL CORPORATION announced today the signing of an exclusive agreement with the major Mexican telephone company TelMex. The agreement creates an inter-operability relationship between all of Talk Visual's locations in the United States and ninety-one (91) TelMex locations throughout Mexico, and allows for videocalls at unusually cost-effective rates.
Talk Visual's President and Chief Executive Officer, Eugene A. Rosov, said today "We are pleased to announce this accord with TelMex. It opens significant videocall traffic opportunities between our two companies, and our two countries. Initially, videocalls will be available starting on August 1 from our New York locations, and from all of our U.S. and Canadian locations, at a cost of $1.75 per minute. We will shortly expand to all available locations worldwide through our bridging service - which will open over 1,000 sites globally."
Chairman Michael J. Zwebner commented "this is another example of Talk Visual's remarkable ability to create high-level interoperations with major telephone companies around the world. The Company expects to significantly expand the availability of global locations from which and to which Mexicans can speak with friends, family and business associates. The TelMex system, designed originally for corporate video-conferencing, is being made available to ALL Talk Visual customers, whoever they are, and wherever they may be. We intend to expand this type of relationship to many other major PTTs - the foreign Postal, Telephone and Telegraph govermental and semi-governmental agencies - throughout the world."
Talk Visual will use its RADVision (NASDAQ: RVSN) IP/ISDN bridging capabilities to link calls from any desktop IP-enabled video camera to the ninety-one TelMex sites as well. "We will offer this bridging service at exactly the same cost of $1.75 per minute as our regular videocall room service," said Mr. Rosov. "The many millions of Mexican expatriates living and working in the United States now have the opportunity, for the first time in history, to see and hear their families and business associates without having to travel to Mexico. It's simple, efficient, and very low cost. The low cost, combined with the existence of ninety-one high-quality locations spread all over Mexico in cities large and small, means that virtually everyone in Mexico can use this service.
Mr. Rosov went on to comment "We believe that this service will have a meaningful impact on the growth of business between Mexico and the United States. In addition, businesses the world over can now make videocalls into Mexico, using our bridging services. Communication in business is everything - and this will make communication easier, faster, simpler and lower-cost."
Some of the major areas with ninety-one locations in key cities in the constellation of TelMex videocall locations include the states of Chihuahua, Guanajuato, Jalisco, Michoacan, Puebla, Queretaro, San Luis Potosi, Vera Cruz, Yucatan, Zacatecas, and of course Mexico DF (Mexico City).
ABOUT TALK VISUAL CORPORATION
Talk Visual Corporation (OTC-BB: TVCP) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad.
A list of Talk Visual's videocalling shops is at www.talkvisual.com. The site allows visitors to order the 4th edition of the company's impressive full-color newspaper. Talk Visual sells pagers at www.beeperforabuck.com. Information on the new Talk Visual TV225 Video-Telephone can be seen on www.thevideotelephone.com. In addition, visitors are directed to visit the company's home page at www.talkvisual.com and click on the FAQ section, and or to read the Chairman's Corner latest weekly message. The Company's new FREE videocalling sign-up website service is available to public videocall rooms, private and public corporations, and individuals worldwide. The service can be accessed at www.videocallme.com.
Statements in this press release which are not historical including statements regarding Talk Visual's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Such statements include statements regarding the opening of significant videocalling traffic opportunities under the TelMex agreement, the Company's expected expansion of the TelMex traffic to all locations worldwide, the expansion of this type of relationship to other PTTs and the expected impact on the growth of the business that this service will provide. It is important to note that the Company's actual results could differ materially from those in any forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Factors that could cause actual results to differ materially include whether or not the expansion of this service to locations worldwide is successful, the acceptance of such agreements by other PTTs, the degree to which this service has an impact on the growth of our business and other risk factors listed from time to time in the Company's SEC reports, including but not limited to, the annual report on form 10-KSB for the year ended December 31, 1999, and the quarterly report on Form 10-QSB for the quarter ended March 31, 2000. This release does not constitute an offer to sell securities.
CONTACT: Talk Visual Corporation
Janeth Iglesias-Vega
Investor Relations
305/572-0575
Info@TalkVisual.com |
