PHXU's EPICUS Expands Its Service Area With Verizon Interconnection Agreement
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 31, 2001--Phoenix International Industries, Inc. (OTCBB:PHXU - news) announced today that its wholly owned subsidiary EPICUS, Inc., has signed a UNEP Facilities Based Interconnection Agreement with Verizon Communications (NYSE:VZ - news).
The agreement enables EPICUS, a CLEC based in central Florida, to supply local telephone service to both business and residential customers in Verizon's territories in the states of New York, New Jersey, Virginia, Maryland, North Carolina, South Carolina, Alabama and Florida.
``Our Verizon territory sales revenue is projected to be in excess $4,000,000 per year,'' said EPICUS CEO, Marvin Himel.
EPICUS currently has agreements in place to resell BellSouth's local service in many of those states, but this agreement will enable EPICUS to add customers in those areas which were previously serviced by Bell Atlantic and GTE prior to their merger into Verizon.
EPICUS is a Competitive Local Exchange Carrier (``CLEC'') telecommunications company. It provides discount local, long distance and Internet telecommunication services via advantageous resale agreements with major carriers. EPICUS (fka TCCF) was the first CLEC registered in Florida under the ``Communications Act of 1996.'' EPICUS is based in the Orlando, Florida area.
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. Readers are cautioned as to potential risks, as discussed in the Company's Annual Report on Form 10K-SB filed with the SEC for period ending May 31, 2000, and the risks discussed in the Company's other filings with the SEC. While management believes that the expectations reflected in the forward-looking statements and assumptions upon which the forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.
Regards,
Bill |
