They call this a 'MAJOR' contract??? ~ Jack
e-Net, Inc. Signs Major Contract with ITF, Inc. for Sale of Its Data Telephony(TM) Hardware and Software to be Deployed in IP Telephony Service Between the United States and Latin America <>
June 26, 1998
GERMANTOWN, Md., June 25 /PRNewswire/ via NewsEdge Corporation -- e-Net, Inc. (Nasdaq: ETEL), a leading provider of patented Data Telephony(TM) products, today announced it has signed an agreement with telecommunications provider ITF, Inc. for the sale of a broad range of e-Net's patented hardware and software products to be used by ITF in the delivery of Voice over Internet Protocol (VoIP) services between Miami and South American countries. ITF further indicated its intention to purchase additional e-Net products to be used as it expands VoIP service offerings to other major markets -- principally in Latin and South America.
The current agreement calls for ITF to purchase from e-Net twelve (12) of its Telecom 2000(TM) T-1/E-1 Gateways, two of which are to be delivered at this time, along with Data Telephony software and licenses, Gateway Management(TM) and Gateway Billing(TM) services, plus a quantity of the company's recently introduced consumer product, NetConnect(TM). ITF will package its Data Telephony(TM)service offering under ITF's name, "Speak2Phone." To access data telephony services, ITF customers will install a NetConnect(TM) telephony card into their PC and plug an ordinary analog telephone directly into the NetConnect telephone jack. The customer can place ordinary telephony calls accessing the ITF gateway for low-cost, long distance service.
Customers can also enjoy the benefits of data telephony by dialing from a regular phone into an ITF gateway, inputting a Personal Identification Number (PIN) and the desired telephone number, thereby automatically accessing an ITF gateway and achieving low-cost, long distance service.
In making today's announcement, e-Net President and CEO, Rob Veschi, stated, "ITF has developed a powerful, innovative business model incorporating e-Net's Data Telephony technology to provide cost-effective VoIP services in international markets. We are particularly pleased that in the rapidly growing and increasingly demanding data telephony marketplace, ISPs and corporations alike are selecting e-Net and its patented Telecom 2000(TM) technology to be the engine for the delivery of Data Telephony worldwide."
Also commenting on today's announcement was Fred Harrick, Chairman, ITF, Inc., who stated, "Interest in utilizing the Internet to provide cost- effective voice and fax transmissions is expanding rapidly. After carefully studying the market, we selected e-Net's data telephony technology as the highest quality and most cost-effective available. Today's announcement represents the first major step in ITF's VoIP strategy. We fully expect to expand our relationship with e-Net and our Speak2Phone service into other markets."
e-Net has recently announced several other major agreements to provide its products for Data Telephony services both in the U.S. and internationally, including:
*Pact with Internet Service Provider CxTEL to provide Voice over IP between the United States and Eastern Europe
* Contract with Comprehensive Communications Systems for sales and distribution of Telecom 2000(TM) in the Midwestern United States
* Sale of Telecom 2000(TM) T1/E1 gateways to PC manufacturer Unicent Technologies to create an Internet Telephony network for use by select ISPs in the middle and western United States
* Contract with Diamond Telecom to enable IP telephony service between South America and the United States
* Agreement with the German electronics firm, ComTel, for sales and distribution of Telecom 2000(TM) in Western Europe.
About e-Net
e-Net, Inc. develops, markets, and supports open telecommunications software and associated hardware that enable local, national, and international telephone communications, information exchange, and network optimization. Its leading product is Telecom 2000(TM), a powerful, cost- effective hardware and software combination that delivers full voice quality- of-service at a low per-station price. Fully integrating voice and data networks in both the local and wide area, users enjoy advanced access features, such as call transfer, call hold, and call forward, on a simple GUI, utilizing the most familiar system interface, the telephone. Telecom 2000(TM) provides full PBX functionality and delivers its Data Telephony capability to public or private networks in the local or wide area, incorporated into the public system.
In addition, the company recently introduced the following products:
* TelSet Lite(TM) -- a full duplex telephony card extending Telecom 2000(TM)'s award winning Data Telephony to each user on a network without replacing current network or audio cards
* Gateway Administrator(TM) -- a powerful suite of back office management tools enabling a service provider or corporate enterprise user to enhance its existing investment in Telecom 2000(TM).
* NetConnect(TM) -- a cutting-edge, full-duplex telephony card allowing consumers to access high-quality long distance over the Internet by plugging a telephone directly into their PC.
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.
For more information on Telecom 2000(TM) or other e-Net products, visit the company's web site at datatelephony.com, call e-Net at 1-888-FON-ENET or 301-601-8700, or telefax e-Net at 301-601-8777.
About ITF, Inc.
Founded in 1994, ITF, Inc. provides an extensive portfolio of voice and data services including fax, long distance and Internet access. Headquartered in Miami, Florida, the company maintains a presence in 12 Latin American countries and operates ISP subsidiaries under the corporate names CyberMedia and Internet Panama. More information on ITF's Speak2Phone long distance service can be found beginning July 15th at www.Speak2Phone.com.
SOURCE e-Net, Inc.
/CONTACT: Media: Paul Feldman, 301-896-9736, or e-mail, FelCom@aol.com, for e-Net; Investors: Doug Poretz, 703-506-1778, ext. 222, or e-mail, doug@poretz.com, both for e-Net/ /Web site: speak2phone.com /Web site: datatelephony.com (ETEL)
[Copyright 1998, PR Newswire]
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