Innovative Communications Technologies, Inc. Launches US Tour
quote.bloomberg.com
Introducing
Private Telephone Networks Coast to Coast
Innovative's New Product Will Eliminate the Need to Utilize Long Distance
Carriers and Cut Long Distance Bills by 50 Percent
SEATTLE, Sept. 15 /PRNewswire/ -- Innovative Communications Technologies Inc. (OTC: ICTN) has announced Applied Communications, its master distributor, has begun a six-month tour to sign local distributors to support product sales for Innovative's new Global Private Telecommunications Networks (GPTN) product.
Innovative's GPTN enables all businesses to enjoy the benefits and cost savings of a private telecommunications network, which has been previously available to only the largest Fortune 100 corporations that could afford to build a private network. Foremost among these benefits is the GPTN's ability to cut a business' current long distance charges in half while doubling its long distance capacity.
"Not only can we deliver twice the amount of capacity at half the price of a company's current long distance bill, we will also provide similar savings with data, fax and video," said Barry Henthorn, CEO of Innovative. "Our revolutionary approach to combining proprietary packetization software and existing fiber optics networks will radically transform the telecommunications landscape as we know it."
Innovative's Voice Over Packetization Technology (VOPT) uses packet switching instead of traditional circuit switching when routing calls. With GPTN, calls begin and end on existing local lines, and use dedicated fiber optic networks for the long-distance portion of the call. By way of analogy, less efficient circuit switching methods give each car on a highway its own lane. Packet switching enables many cars to travel in the same lane at the same time.
"We enjoy excellent customer retention because we provide carrier Quality of Service at half the cost," said Henthorn, "and we are signing new contracts daily."
"The GPTN is truly scaleable and that permits Innovative to expand nationally and internationally at a rapid rate," Henthorn continued. "We plan on being in all major U.S. metropolitan regions by the end of the year and most major international markets by the end of 2001. Our proprietary technology and smart alliances with industry leaders across categories have placed Innovative at the leading edge of the revolution in the telecommunications industry. We have complete confidence in Applied Communications to support our distribution channels. This allows us to focus on our core competency, which is delivering the product."
Recently, Innovative has announced key alliances and partnerships with Global Crossing, Level 3, Cisco Systems, Exp@nets, and Applied Communications.
Since 1989, Innovative has been a pioneer in the development and positioning of private telecommunications networks for businesses in the Everett-Seattle-Tacoma-Olympia corridor of Washington State.
This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN services, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
CONTACT: Barry Henthorn, CEO of Innovative Communications Technologies Inc., 206-812-3500; or Natalie Price of The Fearey Group, 206-343-1543, or nprice@feareygroup.com, for Innovative Communications Technologies Inc.
SOURCE Innovative Communications Technologies Inc.
-0- 09/15/2000
/CONTACT: Barry Henthorn, CEO of Innovative Communications Technologies Inc., 206-812-3500; or Natalie Price of The Fearey Group, 206-343-1543, or nprice@feareygroup.com, for Innovative Communications Technologies Inc./
(ICTN)
CO: Innovative Communications Technologies Inc.; Applied Communications ST: Washington IN: CPR MLM TLS SU: |
