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VoIP Telecom, Inc. Announces Significant Value-Added 'Last-Mile' Feature forExisting Networks
Fri Jul 28 17:15:00 EDT 2000
ragingbull.altavista.com
KIRKLAND, Wash., Jul 28, 2000 (BUSINESS WIRE) -- Gold Win (CDNX:CGW.) VoIP
Telecom, Inc.(OTCBB:VOPT)
Announces Significant Value-Added, 'Last-Mile' Feature for Existing Networks
(Enters Agreement for VoIP Application of High-Speed Wireless
Technology With Potential Global Implications)
The Board of Directors of VoIP Telecom, Inc. is pleased to announce an Agreement
with GoldWeb Technologies, Inc. (a wholly owned subsidiary of Consolidated Gold
Win Ventures, Inc.) whereby - subject to due diligence - VoIP Telecom will
acquire from GoldWeb a license to use a ground-breaking, wireless technology in
VoIP networks currently being launched by Company subsidiaries in select regions
of the globe.
"The acquisition of this 'last-mile' solution constitutes a significant
opportunity for VoIP Telecom to provide what we believe constitutes a
value-added feature for our existing networks, one that can also be expanded
into a variety of other applications," said Company President A. 'Sandy'
Anderson. "Through the capabilities of a wireless broadband facility, we intend
to represent the leading edge in the next generation of Internet convergence
with telecom. This will enable our Company to deliver all existing forms of
telecommunications, in addition to alternatives still under development, without
being confined to high-speed Internet service alone," he stated. In some
countries, to deliver VoIP network services it is necessary for the Company to
be its own Internet Service Provider (ISP).
According to Mr. Anderson, "Company projections indicate that, subject to
deployment without undue regulatory delays or unforeseen impediments, this new
technology is capable of enabling VoIP Telecom to realize revenue increases of
up to 10 per cent over the US$50 Million already projected for the first year of
our VoIP network operations, and contingent upon maximum utilization of existing
equipment. Moreover, we expect the scope and size of this additional revenue
source to increase substantially, due to the growing, exponential worldwide
demand known to exist for wireless technology applications."
Under the Agreement, VoIP Telecom will pay GoldWeb Technologies U.S.$300,000
plus the issuance of 5,000,000 restricted common shares of VOIP per developed
site for a total of 15,000,000 restricted shares having a one-year hold. GoldWeb
Technologies will issue a license awarding exclusive rights under which VoIP
Telecom can use GoldWeb's wireless technology (patent pending), in three
designated sites. This exclusive license initially will enable VoIP Telecom to
deploy the technology in Korea, Singapore and India, beginning during the next
fiscal quarter. In addition, the license will provide the Company the right of
first refusal, at no additional cost, for global deployment of the technology.
These technology rights deliver a high-speed, high-bandwidth wireless solution,
making it possible for subscribers to transport data at speeds that enable
numerous residential and commercial applications never before possible. The
wireless subscriber enjoys the convenience of mobility at a higher data
transport speed for a price comparable to existing cable and telco solutions.
Furthermore, the next generation of net appliances will deliver functionality to
subscribers that will drive the demand for this kind of wireless service.
Communication with subscribers through this proven wireless, license-free,
frequency hopping, spread-spectrum technology, enables the delivery of Internet
and other high-speed data dependent applications. The wireless networks operate
in the license-free 2.4 Gigahertz (Ghz) band. This FCC and ETSI certified
solution provides direct high-speed wireless access to the Internet and
Intranet. Internet Service Providers and major long-haul fiber optic carriers
can now use wireless distribution to rapidly and cost-effectively deploy local
loop or 'last mile' connectivity. GoldWeb has already proven this type of
optical network connectivity at the World Trade Center in Vancouver. |
