USA Talks.com Accelerates Roll-out of First Flat-rate Long Distance Service Flat Rate Internet Long Distance Service Receives Infusion of Capital for Equipment Purchase and System Expansion
November 25, 1998
SAN DIEGO, Nov. 24 /PRNewswire/ USA Talks.com.,
Inc. (OTC Bulletin Board: USAT) announced
the receipt of over $1.5 million in capital
financing and over $6 million in commitments
for system expansion and equipment
purchase.
William H. Ervine, President of USA Talks.com
states, "This capital infusion enables USA
Talks.com to move ahead on an accelerated
program to provide national coverage and to
expand into limited international markets. "
USA Talks offers a flat rate, "all you can
talk", telephone-to-telephone, "toll-quality"
long distance service with a variety of
service and pricing plans from $20 to $60 per
month. The long distance service is designed
to meet the needs of residential and small to
medium size business target markets. Last
month, USATalks began operation of its
long-distance Internet telephone service test
site in California and has been receiving over
3000 calls per day. The initial success of the
test program is evidence of the long-term
market acceptance and demand for flat rate,
"all you can talk" service worldwide.
Headquartered in San Diego, California, USA
Talks.com., Inc. is building the first national
Internet-based long distance telephone
service to offer unlimited use for a monthly
flat fee. USA Talks.com's proprietary
technologies allow telephone-to-telephone
calls using simple, fast call placement. These
technologies include speech recognition,
speech verification, and speech compression,
which aid in security and ease of use. USA
Talks' long distance service is marketed
through TrendMark, Inc., a direct marketing
company based in Memphis, Tennessee.
This press release contains forward-looking
statements relating to future operating
information and their impact on future
results. Actual results could differ materially
from those projected in forwarding looking
statements as a result of risk factors such a
market conditions, product life cycles,
customer delays in purchasing products,
technology shifts, potential difficulties in
introducing new products, competition, price
sensitivity and the uncertainty market
acceptance of the Company's products by
distributors, retailers and customers.
SOURCE USA Talks.com, Inc.
[Copyright 1998, PR Newswire |
