NEWS-CONTRACT-NEWS!!!!
Thursday October 2 4:32 PM EDT
Company Press Release
Metro One Telecommunications Signs Agreement With GST Telecom
PORTLAND, Ore., Oct. 2 /PRNewswire/ -- Metro One Telecommunications, Inc. (Nasdaq:MTON), a leading provider of enhanced directory assistance (EDA) to the telecommunications industry, today announced that it has signed a multi-year agreement to provide EDA services to GST Telecom, Inc., a competitive local exchange carrier offering telephone service in the western U.S. Metro One is scheduled to begin providing service in October to selected GST markets for GST's local exchange traffic and wholly owned subsidiaries' toll traffic. Additional markets are scheduled to be added in late 1997 and 1998.
``This contract is an example of the opportunities that are available to us as the telecommunications industry goes through fundamental changes brought on by technology and increased competition,'' commented Timothy A. Timmins, president and CEO of Metro One. ``We expect initial EDA call volumes to be relatively small, but we look forward to growing with GST as it expands its business.''
GST Telecom, Inc., headquartered in Vancouver, Washington, is a wholly-owned subsidiary of GST Telecommunications, Inc., which currently operates fiber optic networks throughout the western United States and Hawaii. Facilities-based GST provides a broad range of integrated telecommunications products and services, including voice, video, data and Internet. GST strategically clusters its networks to achieve synergy and maximum opportunity within each service territory. In addition, the Company manufactures telecommunications switching equipment and provides network management and billing systems through its subsidiary, NACT Telecommunications, Inc., of Provo, Utah.
Metro One Telecommunications, Inc. is an independent developer and provider of Enhanced Directory Assistance(R) services for the wireless and landline telecommunications industry. The Company currently provides its services from thirteen call centers located throughout the country.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, Metro One's ability to manage substantial growth, introduction of new technology, and other factors detailed in the Company's Securities and Exchange Commission filings. The forward-looking statements should be considered in light of these risks and uncertainties.
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