International Standards Group Telecom Subsidiary Adds Five New
Switch Locations, Doubling Switching Capacity
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 froma 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.
/CONTACT: Mark Kabbash, VistaQuest, Inc., 212-551-7874; or Gary Kelman,
International Standards Group, Ltd., 407-997-5880/ |
