Due Diligence,
Thanks for the post and while we are at it PLEASE check out this release from CYSS ------------------->>>>>>>>>
CYSS
April 21, 1999 15:52
Crys-Tel Telecommunications: Major International Carriers to Form IP Telephony Network with Nokia Platform
VANCOUVER, B.C.--(BUSINESS WIRE)--April 21, 1999--Crys-Tel Telecommunications.com, Inc. (OTCBB:CYSS - news), a Vancouver based telecommunications carrier, and Nokia (NYSE:NOK.A), a leading IP Telephony solutions provider, announced recently interconnection agreements between Crys-Tel and two other internationally established carriers creating one of the world's largest IP Telephony networks.
The agreement interconnects the Crys-Tel network with both TeleMatrix of Japan, and Abacus Telecom of Paris, France. The Nokia IP Telephony platform is the foundation for this network expansion, which will include more than 100 deployed points of presence, covering North America, Europe and Asia.
All three carriers will benefit immediately from the agreements by expanding coverage for their existing customers, and through attracting customers to new termination markets.
"Nokia's unique distributed architecture allows the formation of this alliance, resulting in expanded services and incremental revenues while enabling all three organizations to control our own networks," said Edward Yau, president of Crys-Tel Telecommunications.com, Inc.
"These interconnection agreements illustrate a maturing IP Telephony market," said T. Kent Elliott, vice president and general manager, Nokia IP Telephony. "We expect that more IP Telephony Service Providers will look to expand their International coverage through both direct deployments and through interconnection agreements such as this."
"TeleMatrix is an IP Telephony pioneer, and we continue to expand our network internationally through direct deployments. These agreements allow us to aggressively enter new calling areas, and generate new revenues while also building relationships to develop value-added services that can be offered network-wide," said David Kleiman, vice president, North American Operations, TeleMatrix.
"Unlike a typical IP Telephony consortium, this relationship not only enables us to rapidly expand our network but it also allows us to pursue our own independent business plans," said Didier Leclerc, president, Abacus Telecom.
About Telematrix
TeleMatrix is a division of Chiyoda Corporation, a 24-year-old Tokyo-based company. Since its establishment in August 1994, TeleMatrix has aggressively positioned itself as a leader in cost-effective international communication systems. Licensed as a Type II telecommunications carrier by the Japanese government, TeleMatrix has strategic alliances with several FCC licensed providers and carriers with telecommunication switching equipment and computer networking systems located around the globe. With their own switching facilities and network operations center based in Tokyo, TeleMatrix has grown into a telecommunications company offering high quality, low-cost telecommunications solutions, backed by professional, multi-lingual customer service. For more information, visit the TeleMatrix website at telematrix.co.jp
About Abacus Telecom
Privately owned Abacus Telecom of France was formed in 1998 with the aim of providing customers with the latest IP based telecommunications solutions. Based on the suite of Nokia IP Telephony products, Abacus Telecom targets and serves three main market segments. They offer customized IP based services to international firms, high quality, low-cost long distance telecommunications services to individuals, and cost efficient long distance telephony services to small and medium sized companies. Abacus Telecom's network currently has existing POP's in Paris, France, and San Jose, California, with plans to expand its network into Brazil, Argentina, China and Sri Lanka.
About Nokia
Nokia IP Telephony, develops and markets hardware and software products and client devices to provide complete IP voice networking solutions for telephone and Internet service providers, cable companies and corporations that want to offer new services or reduce information technology costs by integrating voice in IP-based networks. Nokia offers carrierclass solutions to residential gateways, advanced call-processing servers, IP based telephones and PC software that lead the industry in scalability, reliability and voice quality. Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1998, net sales totaled FIM 79.2 billion (USD 15.7 billion, EUR 13.3 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK), has sales in over 130 countries and employs more than 44,000 people worldwide.
About Crys-tel Telecommunications.com, Inc.
Crys-Tel Telecommunications.com Inc., based in Vancouver, British Columbia, (OTCBB:CYSS) is a facilities-based international carrier utilizing the Internet to provide economical international telecommunications services. The company operates both as a wholesaler carrier for international long distance resellers and as a retail carrier, servicing its own network and marketing the use of its network to consumers in designated areas. Crys-Tel combines advanced engineering and system integration along with the high resiliency of Nokia's solution to ensure users' high quality services over the Crys-Tel Network.
CONTACT: Crys-Tel Telecommunications.com, Inc.
Anthony Papalia, 604/662-3667
Website: www.crys-tel.com
E-mail: anthony@crys-tel.com
The magnitude of this release is far reaching and has depth. I am very pleased with this news.
Any thoughts,
Warm Regards,
Chief |
