Off Topic? INTERNET--(esecurities.W)--April 27, 1999 - "Nation's Largest Provider of E-Commerce Telecom Services Changes Name From Tel-Save.com to TALK.com; The Start of a New Beginning"
NEW HOPE, Pa., April 26 /PRNewswire/ -- Tel-Save.com, Inc. (Nasdaq: TALK - news) has changed it's name to TALK.com (Nasdaq: TALK - news) effective today. Gabe Battista, Chairman and Chief Executive Officer stated, ''Given the new developments at our Company, it was appropriate to change our name to TALK.com, which emphasizes our new beginning with an easy to remember, easy to spell, popular new name that will accurately describe the Internet's hub for online and offline communications. We intend on making this a popular destination site for people who need to communicate with others quickly and accurately. We will advertise and sell our long distance service on the Internet which already serves over 1 million subscribers. Product features such as real-time call detail, various sorting capabilities, downloads and interactive customer service are just a few of the unique features found at www.TALK.com.''
Mr. Battista continued, ''Consistent with the positive changes at TALK.com, Reston, Virginia has been established as the new headquarters of the majority of the Senior Executives and marketing staff. The offices will take advantage of the proximity to the concentration of Internet companies and are close to our existing strategic partner AOL and future new partners. The Company has a strong financial footing with positive business momentum which will be presented and discussed in our earnings release. With a new team, TALK.com has integrated new staff members into a strong capability which was already in place. We believe that the market place is now beginning to better understand the bold initiatives that this Company moved on early in the e-commerce area. TALK.com is in the top ten and often in the top five of comparison metrics including revenues, income for 1999, revenue per employee, telecommunications e-commerce, and hoping to improve on all of the above. Now that we have an easy way for Internet users to find and visit us, we will start the promotion of this new hub and this valuable new brand name.''
TALK.com is the nation's largest e-commerce telecommunications provider through an exclusive arrangement with America Online, Inc. and utilizes its company owned state of the art network -- One Better Network (''OBN'')..."
SOURCE: © 1999 Monday April 26, 1:58 pm Eastern Time Company Press Release
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