Talk Visual to Launch Sites for Videocalling in Dominican Republic; Trials Underway With Government Telephone Company
MIAMI--(BUSINESS WIRE)--Nov. 6, 2000--(OTC-BB: TVCP). TALK VISUAL CORPORATION President Eugene A. Rosov announced today that the Company is engaged in operational videocall trials with Codetel, the government telephone company of the Dominican Republic. The Dominican Republic is one of the top destinations for international telephone calls from the United States.
"We're pleased to be working with Codetel on this strategically important project to Talk Visual," said Mr. Rosov, from the Company's headquarters in Miami FL. "Within the next month, we will open locations for videocalling in Santo Domingo, and perhaps in other major Dominican cities. Today, our retail operations send over a quarter of a million voice minutes monthly to the Dominican Republic. We plan to grow that to at least half a million voice minutes by Christmas, and to supplement voice minutes with videocall minutes. The marginal revenues from videocalling are significantly higher than the margins on voice minutes."
The Company currently plans to charge between one and two dollars per minute for videocalls to and from the Dominican Republic. According to Mr. Rosov, "the Company has found that a price of one or two dollars a minute is not out of line when bundled into a twenty-minute videocall. This type of service is viewed by expatriates as a once-a-month opportunity, unlike the regular weekly telephone calls made to relatives abroad. We continue to believe that the demographic forces driving telecommunications have created an exceptional opportunity for our Company "
IBM PURCHASES VIDEOPHONES FROM TALK VISUAL FOR USE IN LATIN AMERICA
In other news, the Company announced that it has sold four TV225 videophones to IBM divisions in Mexico, Argentina, Brazil and Chile. The Company believes that IBM is testing the combination of its video services - bridging and multi-point service- and superior quality desktop video units as a method to connect its executives from around the world, at minimal cost, and with high quality. "We see this as a harbinger of other sales to major American corporations domestically and in Latin America," said Mr. Rosov.
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 (1-877-228-4336) 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 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 Executive's Corner latest bi-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 potential future success of the videocall trials with Codetel; the success of the Company's plan to grow voice traffic to 500,000 monthly voice minutes to the Dominican Republic; the Company's ability to increase voice minutes with videocall minutes; the Company's correctness in believing that exceptional opportunities are present for the Company because of the demographic forces driving telecommunications and the accuracy of such perceptions; and whether the Company is correct in believing that sales of videophones to one major corporation is in fact a predictor of future sales growth of videophones to other major corporations domestically and abroad.
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 retail voice traffic continues at its current rate; whether demographic forces which the Company believes are responsible for creating videocalling opportunities actually are operative and/or will continue; whether purchases of videophones by domestic and Latin American divisions of major American corporations is truly a purchasing trend, 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 June 30, 2000. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
CONTACT: Talk Visual Corporation
Investor Relations
305 572-0575
info@talkvisual.com |
