PICK: FAXX @ 8 5/8
This company has a good recurring
revenue model for internet faxing
serving the business to business
market.
13.2 mm shs/6.10 mm shs
$5 mm cash
$20 mm revenues
$110 mm market cap
4.64 PSR
good inside buying under $5.00
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Tuesday March 23, 7:32 am Eastern Time
Company Press Release
IDC Ranks FaxSav No.1 in Internet
Fax
30% Share of Global Internet Fax Outdistances
Closest Competitor by Wide Margin
EDISON, NJ--(BUSINESS WIRE)--March 23, 1999-- FaxSav (NASDAQ NM: FAXX -
news), the leader in Internet Document Delivery, announced today that it has been selected the
market leader in Internet Fax services, according to a report just released by International Data
Corporation (IDC.)
The IDC Report, ''Internet Fax Market Review and Forecast, 1997-2002,'' identifies vendor
market shares and forecasts five-year growth. Based on 1998 Internet-related fax revenues of $15
million, the report claims FaxSav possesses 30% of the total Internet Fax market. The next closest
competitor had 8% share of the market.
''As the pioneer in Internet Fax, FaxSav had a good head start on other contenders who either tried
to enter the market or add IP Fax to existing offerings,'' stated the report's author, Peter Davidson.
''By focusing solely on business-to-business Internet Fax services, expanding its network, adding
new features, improving service and partnering with industry leaders, FaxSav has secured the lead in
this rapidly emerging market.''
FaxSav enables business customers to connect their PCs, fax machines, email systems, fax servers,
websites, and other fax-enabled devices to their existing IP networks. Without adding hardware,
software, or changing their existing infrastructure, organizations can eliminate the costly and
time-consuming method of faxing documents from a standalone fax machine. Faxing
computer-originated documents over the Internet costs less, takes less time, and substantially
reduces the need for fax machines, fax boards, telephony port charges, and the related support,
service and maintenance expense.
Written by IDC's Peter Davidson, a leading fax industry authority, the report covers worldwide
markets for Internet Fax services, IP fax server/gateway platforms, Internet Fax machines, and
adapters that IP-enable conventional fax machines. It addresses market size, growth drivers and
impediments, market segmentation, technical and regulatory issues, and key vendors.
''As more and more large companies adopt Internet Fax, we fully expect many of them to become
FaxSav customers,'' stated Thomas F. Murawski, FaxSav's President and Chief Executive Officer.
''We have our own Internet Fax network, award-winning products, a wide range of services, a
successful track-record with corporate customers, and now - a highly-respected industry research
firm confirming our market leadership. ''
International Data Corporation, based in Framingham, Massachusetts, is a subsidiary of International
Data Group, publishers of Computerworld, InfoWorld, CIO, and more than 275 other newspapers
and magazines in 75 countries. IDC/LINK is available on the World Wide Web at
idc.com. For further information or to obtain the Internet Fax Market Review report,
contact Cheryl Toffel at IDC at 508-935-4389.
Peter Davidson is President of Davidson Consulting in Burbank, Ca. In addition to his role as
Manager of Facsimile Service at IDC, he publishes FaxWire and hosts an annual fax conference,
FaxDirections/Messaging World'99, to be held August 1,2, and 3 in San Diego. Reach Davidson at
818-842-5117 or 818-842-5488-FAX; email him at peter@pdavidson.com. or
pdavidson@idcresearch.com. Or visit www.pdavidson.com or www.faxdirections.com.
FaxSav is the global leader in Internet Fax, an emerging industry recently forecast by Gartner Group
to grow from 44 million pages carried in 1997 to 5.6 billion pages by 2001. FaxSav provides
network-based fax solutions to customers in 150 countries worldwide, helping them fax more easily,
efficiently, and economically. For more information, contact FaxSav at 800-828-7115 or visit the
company's Web site at www.faxsav.com.
Certain statements contained in this press release may be deemed forward-looking statements by
FaxSav. Such statements, and other matters addressed in this press release, involve a number of
risks and uncertainties including price competition, technological advances, decreased demand or
diversion of fax to other methods of telecommunication. Among the other factors that could cause
actual results to differ materially from these statements and matters, are the risks and other factors
detailed, from time to time, in FaxSav's reports with the Securities and Exchange Commission,
including, but not limited to, the most recent Forms 10-K and 10-Q.
Contact:
FaxSav, Edison
Frances Ianacone 800/828-7115 x2330
ianacone@faxsav.com
or
Curtis Hougland
Middleberg + Associates
212/888-6610
curtis@middleberg.com
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