The final nail is driven:"INFORMATION-HIGHWAY.COM INC. ANNOUNCES FREE INTERNET-BASED LONG-
4/7/99 13:12
Distance Telephone Calls For Its
Executive Club Clients
Business Editors/High-Tech & Telecommunications Writers
VANCOUVER, B.C.--(BUSINESS WIRE)--April 7,
1999--Information-Highway.com Inc. (OTCBB:IHWY) today announced that
it will provide Free Internet-based Long Distance Telephone Calls as a
new value-added service to its Executive Club clients.
Internet-based Long-Distance Telephone Calls will be Free for
Executive Club portal clients. These phone calls can be performed in
the exact same manner as traditional long-distance telephone calls
using an ordinary household telephone. Information-Highway.com will
distribute these free phone calls in order to drive more users to its
The Executive Club portal site(http://www.information-highway.com) and
will then generate additional revenues from advertising and commerce
on its Executive Club portal site pages because of the massive influx
of users.
Internet-based telephone calls are advantageous to users and
providers for many reasons. Using VoIP (Voice-Over-IP) technology,
these calls cost very little to provide as they are conducted over the
Internet using Internet Packets and the Internet Protocol (IP). These
technologies are purely digital which allows them to require almost no
overhead. In addition, users may enjoy the majority of these savings
because these calls are not subject to the extensive government
regulatory taxes and land-infrastructure overhead costs which
traditional long-distance telephone companies must incur.
Erik Lagerway, VoIP Project Manager for Information-Highway.com
and former President of GlobalTEL stated, "The Internet market is
ready for this technology and now the technology is ready for the
market. A year ago this project might have been premature but voice
communication over the net has come a long way in recent months and
Information-Highway.com is perfectly positioned to offer such
cutting-edge services as part of their Internet Portal solutions. The
IP Telephony applications and Gateways that were recently acquired
will allow us to roll out a working solution in short order that will
provide Internet users from all over the world with toll-free
Browser-based telephone service accessible through a simple web
interface."
According to SRI Consulting, one of the most widely recognized
authorities on the subject, Internet Telephony services will capture a
conservative 5% of all the long distance calls world-wide by year
2002. The overall market for IP Telephony including services, hardware
and software is projected to amount to US $9 Billion by the year 2003.
Frost & Sullivan see the industry growing from $19 Million in 1996 to
over $1.5 Billion by 2001. Extrapolating from the limited subset of
data, the Global Internet Gilder Technology Group suggests close to a
ten-fold annual growth rate in the industry and
Information-Highway.com intends to capitalize on the growth potential
seen all over the world.
Information-Highway.com has a distinct advantage over leaders in
the Voice Over IP industry because the company is able to provide its
Internet-based telephone calls to clients for free and generate
advertising and commerce revenues on its Executive Club portal pages
instead of charging clients directly for long-distance phone calls.
Information-Highway.com competes directly with IP Telephony leaders
including Dialogic (NASDAQ:DLGC), IDT Corp. (NASDAQ:IDTC), NetSpeak
Corp. (NASDAQ:NSPK), Qwest Communications (NASDAQ:QWST), Vocaltec
(NASDAQ:VOCLF), and Intel (NASDAQ:INTC).
About Information-Highway.com Inc.
Information-Highway.com Inc. is a leading Internet Service
Provider (ISP) engaged in web content development and Internet access.
The Company provides dial-up and dedicated Internet access as well as
web site hosting to over 20,000 Canadian users.
Information-Highway.com's premiere online service, The Executive Club,
is a localized regional Internet portal that can save users vast
amounts of time by allowing them to access stock quotes, weather
forecasts, community events, online trading, web searches,
multicasting, free long-distance telephone calls, and shopping -- all
from one place.
Interested parties may join The Executive Club for free at
www.theexecutive.com and can find more information about
Information-Highway.com Inc. on the Company's web site at
www.information-highway.com.
--30--lc/sd*
CONTACT: Information-Highway.com, Inc.
John Robertson, 800/665-4616
John@information-highway.com
or
IP Equity Investor Relations
Dan Mutters, 800/997-3323
ir@information-highway.com
www.ipequity.com
KEYWORD: WASHINGTON INTERNATIONAL CANADA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT
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