IPVoice.com, Inc., Announces Agreement With MetroPlus Communications Forecasted to Bring a Revenue Stream of $48 Million Per Year
June 2, 1999 08:00 AM
LITTLETON, Colo.--(BUSINESS WIRE)--June 2, 1999--
After a Review of 30 Other Products, MetroPlus Calls Ipvoice.com's Technology "The Best."
IPVoice.com(TM) IPVC is pleased to announce they have a signed Letter of Intent for exclusive marketing territories in Canada, Washington and Oregon with MetroPlus Communications Technology, Inc., a division of NP Energy Corporation NPEC .
Through this agreement, MetroPlus will be a TruePartner Master Distributor, granting them a license to operate gateways through IPVoice.com. As a requirement of the IPVoice agreement, each gateway must produce at least $250,000 in revenue per month, or $3 million per year. The cost to license the gateways in the exclusive territories will be approximately $1 million. There are 16 primary cities involved in the agreement. Within the next twelve months, there will be IPVoice.com TrueConnect(TM) gateways in Canada in Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Montreal and Halifax. In Washington State, TrueConnect gateways will be operational in Seattle, Tacoma, Spokane, the Tri Cities and Vancouver. And in Oregon, TrueConnect gateways will serve Albany, Beaverton, Eugene and Portland.
Barbara Will, President and Chief Operating Officer of IPVoice.com states, "MetroPlus is familiar with their marketplace. After reviewing their sales and marketing strategies, we are very excited about the opportunities and undoubted success this kind of partnership will bring to both companies."
According to Mark Jensen, Marketing Director for MetroPlus, Internet Telephony is expected to account for at least six percent of all phone traffic and reach revenues of $24 billion in the next three years. IPVoice.com figures to be an important component in allowing companies to share in that revenue. "We looked at 30 other products and chose IPVoice.com because they simply had the best product out there," said Jensen.
IPVoice.com just recently announced the implementation of gateway installations internationally, as well as their Flat25 Plan which offers unlimited long distance for a flat rate of $25 per month in 30 cities in the US and Canada, bringing them into direct competition with such long distance carriers as AT&T T , MCI WorldCom WCOM and Sprint FON . Within the coming months IPVoice.com will implement the installation of at least 30 gateways internationally. The Letter of Intent signed by MetroPlus to be a TruePartner Master Distributor is an important step towards realizing the global network. As Barbara Will stated on April 26, 1999, "This is the future of communication. Households will be able to make phone calls over the Internet using a regular telephone and realize savings."
IPVoice.com is the developer and producer of unique proprietary state of the art software and hardware solution for use in IP Telephony. IPVoice.com's premier product is an Internet Gateway named "TrueConnect(TM)", a fully Y2K compliant gateway that allows users to conduct real time full duplex, high quality two-way voice communication over the Internet. To support TrueConnect, IPVoice.com has developed proprietary support products in the areas of order entry, billing, customer service, agent management and a switching network management system. Their system is poised to compete and surpass other Gateway manufacturers such as VocalTec VOCLF and other Voice over the internet services such as the one offered by NetSpeak NSPK .
Note: This press release contains certain "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the company and its subsidiaries that are based on the beliefs of the company's management as well as assumptions made by and information currently available to the company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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