DCI Telecommunications Announces Live Commercial Fax Traffic Over the Internet
PR Newswire - April 13, 1998 11:17
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STRATFORD, Conn., April 13 /PRNewswire/ -- DCI Telecommunications, Inc.
(OTC Bulletin Board: DCTC), an international supplier of telecommunications
services, announced today that its CyberFax subsidiary has begun sending live
commercial traffic over its global real-time Internet fax network.
CyberFax's real-time Internet fax service is now being utilized by
Elephant Talk of Hong Kong and International Telephone Company (ITC) of
Ft. Lauderdale, FL. In addition to these two companies, a number of
previously announced partnerships will begin to be brought on-line over the
next 30 days which will result in continued growth of international fax
traffic revenues over the CyberFax global network.
CyberFax will begin to contribute significant revenues to DCI in coming
months, as initial operating problems have been resolved. It is anticipated
that CyberFax will add as much as $7 million in profitable revenues over the
coming 12 month period.
These initial partnerships are the first step in CyberFax's initiative to
establish points of presence (POPs) in the top 25 traffic producing countries.
With pending agreements in several other key markets worldwide, CyberFax is
well positioned to capture a significant portion of the real-time Internet fax
market in 1998. Paul Callihoo, CyberFax's vice president, sales and marketing
said, "Each of these partners offer access to markets that are key to the
strategic deployment of CyberFax's network and it is anticipated that existing
installations will be expanded shortly to accommodate the increased traffic
volumes as the service continues to roll out. CyberFax will also be tied into
DCI's burgeoning European telecommunications network which will allow DCI
customers to access CyberFax and send low cost, real-time faxes over the
Internet from anywhere in Europe to anywhere in the world."
By offering the first reliable real-time Internet fax service, CyberFax
has established itself as the market leader of this low cost alternative for
international fax, which results in significant cost savings to the end
customer by exploiting the inherent advantages offered by Internet technology.
DCI Telecommunications is an international supplier of telephone services,
including long distance service, prepaid telephone cards and Internet
products. Recently, DCI announced letters of intent to acquire three
telecommunications companies. These acquisitions are expected to push DCI's
revenues to $50 million. The company has an extensive distribution network
throughout North America, Europe and the Far East and owns telephone switching
facilities in Canada, the United Kingdom, Spain and Denmark. The company
recently reported sales of $6.2 million and $1.3 million in profit (13 cents
per share), for the first nine months of fiscal 1998, and has 12 operating
facilities, serving customers in eight countries.
Safe Harbor Statement under the Private Securities Litigation Act of 1995:
The statements which are not historical facts contained in this press release
are forward-looking statements that involve certain risks and uncertainties
including but not limited to risks associated with the new uncertainty of
future financial results, additional financing requirements, development of
new products, regulatory approval processes, the impact of competitive
products or pricing, unpredictability of patent protection, technological
changes, the effect of economic conditions and other uncertainties detailed in
the company's filings with the Securities and Exchange Commission.
SOURCE DCI Telecommunications, Inc.
/CONTACT: Craig K. Murphy, Director, Investor Relations of DCI
Telecommunications, Inc., 203-380-0910, ext. 301, or e-mail dcitel@aol.com/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 107358/
/Web site: dcic.com
(DCTC) |
