To: Process Boy who wrote (63034 ) 6/23/1999 7:50:00 PM From: BIG INVESTOR Respond to of 1570866
SEE IHWYnformation-Highway.com, Inc. Announces Successful Internet-based Phone Calls VANCOUVER, British Columbia, June 23 /PRNewswire/ -- Information- Highway.com, Inc. (OTC Bulletin Board: IHWY) announced today that beta testing on its Phone Earth Voice-Over-IP (VOIP) technology was successful. Vice-President of Marketing, Jack Wasserman, stated that the VOIP test results showed that Information-Highway.com's Internet based calls were similar to receiving a normal telephone call from a standard telephone. Mr. Wasserman stated, "You could not tell the difference in the voice quality." Information-Highway.com, Inc. will provide its Phone Earth service from its Executive.com web site. The Internet-based long distance telephone calls will be free for the first 100 minutes per month to new subscribers of dial-up service in our 20 US cities. Currently, Seattle, Denver, Philadelphia, Dallas and Houston are now operational for dial-up service. The free Internet-based phone calls can be performed in the exact manner as traditional telephone calls using an ordinary household phone. Information-Highway.com's Phone Earth system will attract strong interest to the company's dial-up Internet access service and its portal site, www.theexecutive.com. Information-Highway.com anticipates that the Phone Earth system will allow the company to generate access and advertising revenues as there will be a short audio advertisement before the commencement of each free long distance phone call. According to Erik Lagerway, VOIP Product Manager for Information-Highway.com, Internet Telephony services will capture a conservative 5% of all the long distance calls worldwide 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 sees 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 will monitor the system daily and will continue testing its VOIP technology until the end of August 1999 when the production version of "Phone Earth" will commence on the www.theexecutive.com portal site. PhoneEarth, a proprietary technology of Information-Highway.com competes directly with IP Telephony providers IDT Corp., NetSpeak Corp., Qwest Communications, and Vocaltec. Suppliers include Dialogic, BrookTrout, Analogic, Cisco, and 3Com. About Information-Highway.com, Inc. Information-Highway.com, Inc. is a leading edge Internet Service Provider (ISP) engaged in web content development and Internet access throughout North America. 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 Internet-based long-distance telephone calls, and shopping -- all from one place. Interested parties may join The Executive Club for free at theexecutive.com and can find more information about Information-Highway.com Inc. on the Company's web site at information-highway.com . SOURCE Information-Highway.com, Inc. CO: Information-Highway.com, Inc. ST: British Columbia IN: MLM TLS SU: 06/23/99 10:48 EDT prnewswire.com