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Tuesday September 8, 6:30 am Eastern Time
Company Press Release
SOURCE: Digitcom Corporation
Digitcom Links St. Petersburg, Moscow and Rostov-On-Don for Internet Long Distance Calling
SANTA MONICA, Calif., Sept. 8 /PRNewswire/ -- Digitcom Corporation (OTC Bulletin Board: DGIV - news) announced the successful culmination of field trials of Digitcom's IntraVoice CO(TM) Internet long distance telephone gateway done in conjunction with the St. Petersburg National International Telephone and Electrosvyaz (Rostov Region) telephone companies.
''This clears the way for the launch of long distance telephone services using Internet Protocol networks between Russia's largest commercial centers,'' said Jimmy Chin, Digitcom CEO. Digitcom will share in revenue generated by IP network routing of inter-regional telephone traffic in joint venture with the Russian companies.
St. Petersburg National International Telephone and Electrosvyaz-Rostov together serve 7.8 Million customers within Russia. Russian domestic long distance revenues reached US $8.2 Billion in 1997, while international long distance calling generated $1.5 Billion.
''The economies of Internet voice traffic fit the domestic situation in Russia right now,'' Chin continued. ''Digitcom is happy to be the bridge bringing two regional telephone companies' customers together with economical long distance service. And, extending our network to these important centers should give Digitcom's U.S. resident Russian customers an attractive alternative to the big carriers,'' Chin said.
Digitcom has three Internet/telephone network system installations in Russia that were the focus of the recently completed trials in St. Petersburg, Moscow, and Rostov-on-Don.
Digitcom Corporation is an innovator in Internet voice communications technology. The company is deploying Internet Protocol telephony products and services in markets around the world using its proprietary IntraVoice CO gateway technology in partnership with regional and national telephone companies internationally to establish long distance networks.
This release includes ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this release, including without limitation, Digitcom's business strategy, plans and objectives, are forward- looking statements. Although Digitcom believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from Digitcom's expectations include, without limitation, Digitcom's ability to negotiate final terms of the transactions described on favorable terms, if at all, and general economic and competitive factors.
SOURCE: Digitcom Corporation
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