Sprint Elevates Talk Visual to Carrier Status; Signs Agreement for Voice/Video/Data Transport
MIAMI--(BUSINESS WIRE)--Aug. 11, 2000--(OTC-BB: TVCP). TALK VISUAL CORPORATION announced today the signing of a new wholesale carrier agreement (WCA) with Sprint for the transport of its voice, video and data calls. The WCA allows Talk Visual to provide business and consumer clients with cost-effective voice, video and data transport worldwide.
Talk Visual's President and Chief Executive Officer, Eugene A. Rosov, said today "We are very pleased to with this important and powerful agreement with Sprint. We now have excellent rates for `open-channel' ISDN videocalls and voice-calls worldwide. Under this agreement, and further wholesale services with Sprint, we're beginning a network buildout to centralize control and routing through our developing switching systems in Miami. This month, we're installing a new voice switch. In-house switching will allow us to increase meaningfully our voice call margins out of our own locations in New York, New Jersey, Miami, London and Brussels. Along with our powerful new RADVision (NASDAQ: RVSN) video-switch and a RADVision multi-point control unit (MCU), we'll be able to provide excellent cost-effective voice and video service for businesses, public videocall rooms, and consumers everywhere."
Chairman Michael J. Zwebner commented "Talk Visual has distinguished itself by its ability to craft relationships with major telephone companies around the world. With this excellent new Sprint relationship, the Company expects to significantly increase the margins associated with our voice and video calls. When we add together what we're accomplishing with TelMex, Sprint, TWA, RADVision and other major companies, we see continuous progress in creating meaningful shareholder value."
Mr. Rosov went on to comment "Margins and profits are key to success in any business. Our Sprint wholesale carrier agreement gives us good margins, and the opportunity for meaningful profits. We believe that the world-renowned quality of Sprint service, combined with our RADVision equipment videocalls and switched voice calls to Latin America - in particular - will allow our Company to grow revenues and profits. As we stated in earlier information, we believe that communication in business is everything - and our services for voice, video and data transport make communications easier, faster, simpler and lower-cost."
CHAIRMAN'S CORNER NOTE
Because Mr. Zwebner is travelling today, the Company will publish this week's Chairman's Corner at approximately 4:00 PM today. As usual, it will be available at the Company's website at talkvisual.com.
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 Company new agreement with Sprint, the Company's expected increase in margins and profits from the Sprint agreement, 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 Company's margins and profits increase, whether such increases allow for expansion of the Company's services to new customers, the acceptance of the Company's voice and video services by businesses and consumers, the degree to which these services and their pricing have an impact on the growth of the 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 |
