Why, why, why wont USAT tell us them terms of their financing? Could ye be floorless convertible? We must be told the truth!!!!!
USA Talks.com Obtains Financing for Flat Rate Nationwide Long Distance Installation
PR Newswire - January 06, 1999 14:38
SAN DIEGO, Jan. 6 /PRNewswire/ -- USA Talks.com, Inc. (OTC Bulletin Board: USAT) announced the receipt of over $8.2 million in financing to complete the nationwide installation of the USA Talks.com's flat rate long distance service. This equipment installation includes points of presence across the United States, which will enable USA Talks.com network to reach the entire US population by the end of the first quarter 1999.
"The completion of this round of financing allows the Company to open its doors as the first provider of flat rate long distance services," commented William Ervine, President. "We are pleased by the response from our investors in making USA Talks.com's flat rate long distance network a reality."
USA Talks.com 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 business target markets. USA Talks is currently in test phase with its California network installation, which has provided service for over 60,000 calls in the last thirty days. 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, and through USA Talks' wholesale and resellers division located in San Diego.
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 forward-looking statements as a result of risk factors such as market conditions, product life cycles, customer delays in purchasing products, technology shifts, potential difficulties in introducing new products, competition, price sensitivity and the uncertain market acceptance of the Company's products by distributors, retailers and customers.
SOURCE USA Talks.com, Inc.
/CONTACT: Maggie Yates, Director of Marketing, myates@usatalks.com, or
Lesley Wilber, Investor Relations, lesleyw@usatalks.com, both of USA
Talks.com, Inc., 619-546-0550, fax, 619-552-8904; or Public Relations:
Peggy Lanier, 619-546-0550 or 619-260-0974, Planier@home.com, for USA
Talks.com, Inc./
(USAT)
|
