Linkon Forms IP Telephony Enhanced Services Subsidiary to Serve the
International VOIP Long Distance Calling Market
February 4, 1999
FAIRFIELD, Conn., Feb. 3 /PRNewswire/ Linkon Corporation
(OTC Bulletin Board: LKON) announced today
that it had formed LinkNetwork Corporation,
a new wholly owned subsidiary. The
LinkNetwork Corporation will establish and
operate network nodes throughout the globe
interconnected by an Internet Protocol
network backbone. LinkNetwork plans to
recruit international partners who will deliver
advanced IP telephony services in their
respective local countries. The new company
is beta testing its first network node in New
York City and has shipped product to its first
partner. LinkNetwork is expected to be
operational by March 1, 1999.
"The motivation to form an IP enhanced
services division is driven by telecom
analysts' projections like that of Ovum
Research, that show the global IP services
market to be in the $60 billion range within
the next five years. Also, Linkon has
extensive experience in service provision and
network design. Service provision is very
familiar territory for us since we were
founded as and successfully ran an
audio-text service bureau. Over the years
we have assisted major telephone companies
like AT&T in setting up large scalable
computer telephony solutions similar to IP
telephony solutions," said Lee W. Hill,
President and CEO of Linkon Corporation.
"As we survey the current players in the
rapidly emerging IP Telephony field, we
believe our business model gives us some
distinct advantages. Not the least is that we
possess advanced IP Telephony technology.
Next, we have constructed our partner
program to be 'user friendly.' Our
international partners can start as small as
their needs require and can grow their
businesses using our scalable platforms. We
have no required purchases of minutes, no
minimum volumes. We are truly pay as you
go.
"Response to this approach has been very
enthusiastic. We are now in negotiation with
potential LinkNetwork Partners in ten
countries. For a no cost Partner Proposal,
interested parties should email
erich@linkon.com," added Hill.
Linkon also announced that Eric Hernaez had
joined the company as Vice President,
Business Development. Mr. Hernaez is a
graduate of Temple University School of Law.
Previously, he was chief operating officer of
an emerging IP Telecommunications
company. Hernaez will report directly to Lee
W. Hill, President and CEO.
This release contains forward-looking
statements which are subject to factors
which may cause Company results to vary
from those expected. Risks include: the
uncertainty of product acceptance,
dependence on its relationship with AT &T
and Sun, the competitive nature of targeted
industries, government regulations, legal
uncertainties, dependence on key personnel,
and a variety of risks set forth from time to
time in Linkon Corporation's filings with the
Securities and Exchange Commission. Linkon
undertakes no obligation to publicly release
results of any of these forward-looking
statements which may be made to reflect
events or circumstances after the date
hereof or to reflect the occurrence of
unexpected events.
[Copyright 1999, PR Newswire] |
