Given the performance of the AlphaNet Global Carrier Services network, as detailed below, aren't you persuaded that the technical risk is out of the stock?
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Press Release - July 15, 1998
AlphaNet Telecom Inc.'s Revolutionary Voice-Over-Data Network a
Commercial Success
Toronto, July 15, 1998 - International telecommunications carriers' carrier, AlphaNet
Telecom Inc. ("AlphaNet" or the "Corporation") today announced that it had reached a
new traffic milestone on July 14 when it carried over 275,000 minutes of international
telephone traffic on its global network. This represents a run rate of some 100 million
minutes annually.
AlphaNet utilizes innovative, proprietary technology to convert traditional voice signals
into data packets for transmission over a data network ("voice-over-data network").
AlphaNet serves the wholesale, or carriers' segment of the international long distance
telephone market. The Corporation's customer base includes resellers, mobile operators,
calling card and callback operators, and other emerging and traditional carriers that
require international long distance connectivity. AlphaNet entered commercial service
in November 1997.
Andre LeBel, President and Chief Executive, AlphaNet Telecom Inc., said, "We have
overcome many technical challenges to accomplish the tenfold ramp-up in the level of
traffic carried on our network over the last 10 weeks, as we begin to demonstrate the
scalability of our technology and network architecture." He cautioned that, "While this
augers well for achieving the business objectives that the Corporation has set for itself,
there will be more hurdles and issues to be dealt with as we strive for continued traffic
growth."
"AlphaNet's technology provides the Corporation a significant cost advantage over
traditional circuit-switched long distance telephone operators, and voice quality and
network reliability comparable to traditional carriers," explained Mr. LeBel.
The Corporation's technological success, combined with its marketing efforts, has
resulted in 40 carriers signing contracts as of July 1998. AlphaNet anticipates that it will
have some 50 carriers under contract by the end of 1998.
The AlphaNet network extends to 12 countries which originate approximately 65% of the
world's international switched public voice traffic. Within the next two years, the
Corporation anticipates that it will have points-of-presence in some 35 countries.
AlphaNet has off-net coverage worldwide.
AlphaNet, headquartered in Toronto, is a communications provider specializing in the
development of digital technologies and services for the telecommunications and
hospitality industries. Its Telecommunications business unit is a cutting-edge "carriers'
carrier", offering low cost, high quality international long distance services. Its Hospitality
business unit is a provider of innovative communication services for the hospitality
industry. AlphaNet is listed on The Toronto Stock Exchange under the symbol FAX.
Additional information can be found at AlphaNet's web site at http.//www.alphanet.net. |
