SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (9705)6/22/1999 8:57:00 AM
From: rest42  Read Replies (1) | Respond to of 30916
 
Net2Phone Launches Net2Fax PC-to-Fax Solution


HELSINKI, Finland--(BUSINESS WIRE)--June 22, 1999--

Real-time Internet faxing solution now available from the leader

in IP Telephony services

Net2Phone, Inc. today released Net2Fax, its new PC-to-fax software, at the Voice on Net show in Helsinki Finland. Net2Fax allows PC users to send faxes through the Internet to any fax machine in the world. Net2Fax will be available in a limited release to the first 50,000 users who sign up for Net2Fax via the Net2Phone web site at www.net2phone.com.

Net2Fax advantages include:

- Reduction of fax costs - by up to 95% off of the cost of

traditional long distance faxes

- The ability to work on almost any PC platform (multimedia not

required)

- Extensive fax broadcast capabilities - send a single fax to

multiple recipients

- Low per minute rates for faxes sent

- A secure login for multiple users on the same PC

Net2Fax uses the same account numbers as Net2Phone's PC-to-phone software, providing a dual benefit to Net2Phone's current users. Faxes are carried over the Internet from the user's PC, until it reaches Net2Phone's switches, and are then routed over Net2Phone's network to the intended fax machine. This system insures that Net2Fax's rates are not dependent upon the country of origin. Users pay as little as 4.9 cents a minute for faxes to the United States -- from anywhere in the world.

"As more people move towards the use of IP Telephony, the integration of fax over the Internet will offer a superior communications model where there will be no barriers because of distance or cost," said David Greenblatt, Chief Operating Officer of Net2Phone. "Our customers take advantage of the highest possible savings on all long distance calling and faxing. Net2Fax will allow both consumers and corporate users to take advantage of the savings already offered through Net2Phone."

Faxes can be sent from a specially created interface on the PC's desktop or directly from a PC document. For example, if a user is working on a Microsoft Excel document, they can simply choose the "Print" option from the drop down menu on the toolbar. Instead of sending the document to their printer, they send it to Net2Fax for delivery.

Users will also be able to check their account activity online at Net2Phone's "My Account" Interactive Information center at www.net2phone.com. Details displayed include all activities related to their calls/faxes and bills, including the time, length, destination, and charge for each call as well as a history of all payments and credits.

Through an agreement with Open Port Technology Inc., a leader in Internet messaging solutions, including fax-over-IP, Net2Fax has incorporated a special version of Open Port's award-winning IP fax client and server software.

"We're pleased we were able to provide Net2Phone our award-winning software to 'power' their Net2Fax solution," said Bob Rainone, Vice President of Marketing, Open Port Technology. "Net2Phone represents ingenuity and creativity in the telephony and Internet access service business. It is great to work with a service provider that understands they must offer compelling services, such as Net2Fax, so they can compete effectively and ultimately drive new sources of revenue."

Net2Phone is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls and faxes from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. For more information about Net2Phone's products and services, please visit www.net2phone.com.

Open Port Technology, Inc., founded in 1993, is a pioneer in the Internet telephony industry and was named by investment banker Piper Jaffray in its February 1999 report on the industry as one of the top 10 IP telephony vendors. Open Port has helped some of the world's leading Internet and telecommunications companies deploy IP messaging services, including China Telecom, Concord Technologies Inc., GRIC Communications Inc., the MCI WorldCom Companies, Motorola and Southwestern Bell Corp. Open Port's technology is at the core of the UUfax(SM) service from UUNET, one of the world's first global, carrier-class Internet fax solutions. Open Port's headquarters are at 676 N. St. Clair St., Chicago, Ill. 60611. The company can be reached at 312.867.5000 or openport.com.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, Net2Phone's ability to operate the services described on a large scale commercial level and any other information set forth in Net2Phone's risk factors contained in its' filing with the SEC. For additional information regarding these and other risks associated with the company's business refer to the company's filings with the SEC.

CONTACT:

Net2Phone Corporate Communications

Sarah Hofstetter, 201/928-2882

sarah@net2phone.com

or

Net2Phone Public Relations

Lee Suravlas, 201/928-4464

lee@net2phone.com

KEYWORD: NEW JERSEY INTERNATIONAL EUROPE

BW1172 JUN 22,1999

5:49 PACIFIC

8:49 EASTERN



To: orkrious who wrote (9705)6/22/1999 10:49:00 AM
From: blankmind  Respond to of 30916
 
another day of starting off with good volume. 200k in the first hour. peter i am almost convinced of your theory, but at this point it must remain classified as a theory, and not fact. the pattern continues today of needing many more shares to push the mm off the bid, than it does the ask.

for example, redi has a bid of 21 5/8 @ 300 shares. so far lots of 400, 1000, 200, and 100 have been sold, and redi remains at the bid.

what will be interesting if we the person with the visa decides to go shopping and asks for a huge block of shares at any price, just ring it up.

sink the pink