Marshall,
Perhaps the following article explains your reference to ITXC since Vocaltec has taken an equity stake in ITXC . This may be the very reason that their Dir. of Research went to ITXC since they now have an investment in it with more to come.
Provisions Strengthen Infrastructure for Growing Internet
Telephony Carrier Market
HERZLIYA, Israel, Oct. 6 /PRNewswire/ -- VocalTec Communications Ltd.
(Nasdaq: VOCLF), the Internet Telephony Company, and ITXC Corp. today
announced the closing of a definitive agreement providing VocalTec with a
minority equity stake in ITXC and a first round of funding for ITXC.
"The Internet telephony industry takes a major step forward with the
signing of this agreement," said Dr. Elon Ganor, chairman and chief executive
officer at VocalTec Communications. "Tom's experience as a high-level
executive at Microsoft and the vision he demonstrated as the founder of AT&T's
WorldNet(SM) Service will help the nascent Internet telephony carrier market
become a mainstream component of the telecommunications industry."
"We are delighted to have the support of the company which brought
Internet telephony to market and continues to lead the industry," said Tom
Evslin, chairman and chief executive officer at ITXC Corp. "We're off to a
fast start, in no small measure because of the help we've received from
VocalTec."
Recently chosen as one of Fortune Magazine's "Cool Companies," ITXC stands
for Internet Telephony eXchange Carrier; the company is the "carrier's
carrier" of Internet Telephony. ITXC's mission is to connect Internet
Telephony Service Providers (ITSPs) into a worldwide network so that any
customer of any ITSP can call anywhere in the world regardless of where the
call is originated with a choice of capabilities and quality of service.
Earlier AT&T announced a memorandum of understanding with ITXC that
provides for a possible equity stake in ITXC by AT&T.
VocalTec Communications software enables audio, video, data, text and
collaborative communications between personal computers and other devices over
the Internet. The company is a leader in developing innovative, open
standards products that bridge the Internet and the traditional public
switched telephone network (PSTN) and drive the convergence of computing and
telephone technologies.
NOTE: VocalTec, Internet Phone, Community Browser, Atrium and Surf&Call
are trademarks of VocalTec Communications Ltd. Other trademarks are the
property of their respective holders.
Certain statements made herein that are not historical are forward-looking
within the meaning of the Private Securities Litigation Reform Act of 1995.
The words "estimate" "project" "intend" "expect" "believe" and similar
expressions are intended to identify forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties.
Many factors could cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking
statements, including, among others, changes in general economic and business
conditions, inability to establish and maintain market acceptance to the
Company's products, inability to timely develop and introduce new
technologies, products and applications, rapid changes in the market for the
Company's products, loss of market share and pressure on prices resulting from
competition, introduction of competing products and implementation of industry
standards by other companies, lack of development and system failure of the
Internet, generally, and the market for voice, audio and multimedia
communications over the Internet, specifically, regulatory obstacles to the
use of the Internet for communications, inability to manage growth, inability
to develop direct distribution network and loss of major distributors, dealers
and OEM partners, inability to attract and retain qualified personnel,
inability to protect the Company's proprietary technology and risks associated
with the Company's international operations and its location in Israel. For
additional information regarding these and other risks and uncertainties
associated with the Company's business, reference is made to the Company's
reports filed from time to time with the Securities and Exchange Commission.
SOURCE VocalTec Communications Ltd.
-0- 10/06/97
/CONTACT: Jo Lee of VocalTec Ltd., 201-768-9400, or pr@vocaltec.com; or
Leigh Dally, ldally@lnscom.com, or Suzanne Marcarelli, smarcarelli@lnscom.com,
both of LNS Communications, 617-577-9777; or Mary Evslin of ITXC Corp.,
609-430-9370, or maevslin@itxc.com/
(VOCLF)
CO: VocalTec Communications Ltd.; ITXC Corp.
ST:
IN: MLM TLS |
