International Standards Group Telecom Subsidiary Adds Five New Switch Locations, Doubling
Switching Capacity
PR Newswire, Wednesday, September 04, 1996 at 09:59
Company Also Announces New $6 Million Long Distance Telecommunication Contract
BOCA RATON, Fla., Sept. 4 /PRNewswire/ -- International Standards Group,
Ltd. (NASDAQ:ISGI) today announced that its wholly owned telecommunications
subsidiary, Total World Telecom, has purchased and deployed new digital
Kansas City, Missouri and a Northeast digital switches in Dallas, Texas; Miami
Florida; Seattle, Washington; Kansas City, Missouri and a Northeast location
to be determined within the next 45 days. These five new switches doubles the
subsidiary's switching capacity. In addition, the Company also announced a
new long-distance telecommunications contract that is expected to generate
annual revenues of $6 million.
"These new switches are financially important to TWT because the cost of
the new switches are absorbed by reductions in the Company's cost of fiber
optic back haul expenses and off-net traffic costs based on our current base
of business," stated Don Booth president of Total World Telecom. "As a
result, TWT's new business will be more network cost effective and we will be
able to serve 80 percent of the population of the United States."
"The fact that we can now cover 80 percent of the population of the United
States for origination and termination of long distance calls makes our
network infrastructure extremely competitive from a sales and marketing point
of view," said Arnold Salinas, executive vice president of TWT. "Indicative
of our focus to bring 'One-Stop Shopping' to the market, we have signed a new
contract with a southeast long distance reseller that is projected to produce
$6 million in annual revenues."
Mr. Joseph Lents, president of parent Company International Standards
Group, stated: "TWT has fulfilled its projection of increasing its network
and our commitment to making ISG a competitive Tier 2 telecommunications
company. We are confident that this additional switching capabilities will
enhance TWT's ability to attract new customers and help increase its revenues
and profitability over the next 12 months.
International Standards Group, Ltd. (ISG) provides telecommunications
through its wholly owned subsidiary TWT, which is a Tier 2 switch-based
inter-exchange carrier that utilizes state-of-the-art digital and fiber optic
facilities, including five Siemens Stromberg-Carlson DCO tandem switches
located in New York, Chicago, Los Angeles, Atlanta and Houston with future
switch sites projected in Miami, Denver, Washington D.C. and Seattle. ISG,
through its wholly owned subsidiary, Financial Standards Group, Inc.(FSG),
provides financial services and asset management to credit unions. In
addition, through its Real Estate Services Network (RESN), ISG provides
commercial and residential real estate services. TWT's World Wide Web Address
is bpli.com./twt.com.htm.
SOURCE International Standards Group, Ltd.
-0- 9/4/96
/CONTACT: Mark Kabbash, VistaQuest, Inc., 212-551-7874; or Gary Kelman,
International Standards Group, Ltd., 407-997-5880/
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