Access Power Announces $10,000,000 Agreement With Ldt Net Com Company to provide international IP telephony services
October 7, 1998 PONTE VEDRA BEACH, Fla., Oct. 6
/PRNewswire/ via NewsEdge Corporation --
Access Power, Inc. (OTC Bulletin Board:
ACCR), today announced it has been
awarded a five-year contract to provide
international Internet telephony services to
Ldt Net Com, Inc., a private long distance
telecommunications company located in
Jacksonville, Florida.
Revenues to Access Power under this
agreement are expected to be approximately
US$2 million per year for the life of the
contract, with a guaranteed minimum
1,000,000 minutes per month of international
traffic to be handled by the Access Power
Advanced Communications(TM) network.
"By selecting the Access Power network, Ldt
Net Com is able to offer its customers the
lowest rates available in the industry today
without sacrificing quality of service," said
Douglas Bottomley, Sr. Vice President of
Access Power. "Both companies share a
common understanding of business goals,
and Access Power has demonstrated an
ability to respond to Ldt's needs with a
complete solution."
"This agreement represents a major step
towards enhancing our international
deployment strategy," said Glenn Smith,
president and CEO of Access Power. "The
decision by Ldt to use Access Power has
clearly indicated that Access Power's IP
network has the speed, capacity, reliability
and advanced service capabilities to handle
today's complex global communication
needs."
The Access Power Advanced Communications
network features award-winning NetSpeak
Gateway Exchange servers and other Voice
over the Internet products developed by the
NetSpeak Corporation (Nasdaq: NSPK).
"We are pleased to see Access Power finalize
this significant agreement and that the
deployment of NetSpeak's technology will
contribute to provide global telephony
services," said Tony L. Naples, Vice President
of Carrier Sales for NetSpeak Corporation.
About Access Power
Access Power, Inc. of Ponte Vedra Beach,
Florida, is a pioneer service provider of
Internet telephony. The company provides
low-cost PC-to-phone, phone-to-phone, and
Web-to-phone communications and has one
of the largest commercial IP telephony
networks in the world today. Access Power
will continue expanding its network to major
cities worldwide during the remainder of 1998
and 1999. For additional information about
Access Power, visit the company's World
Wide Web site at
accesspower.com.
This release may contain forward-looking
statements that involve risks and
uncertainties. Among the important factors
which could cause actual results to differ
from such statements are the impact of
competition, market acceptance risks,
financial resources and other factors.
SOURCE Access Power, Inc.
/CONTACT: Brandie Hall, Access Power, Inc.,
904-273-2980, or fax, 904-273-6930, or
e-mail, brandie@accesspower.com/ /Web
site: accesspower.com (ACCR) |
