To: Stock Watcher who wrote (11119 ) 6/24/1999 7:21:00 PM From: Jason Webster Read Replies (1) | Respond to of 52051
News from Innofone (INNF) Thursday June 24, 8:28 am Eastern Time Company Press Release Innofone Launches International Internet Telephony in Canada Full PC-To-Phone & PC-To-PC Service TORONTO--(BUSINESS WIRE)--June 24, 1999--Innofone.Com, Incorporated trading (OTCBB - INNF), formerly APC Telecommunications Inc., announced today that its Internet Telephony Service Provider (ITSP) division has secured an agreement with NetSpeak Corporation (NASDAQ: NSPK - news) to complete the network design and implementation of Innofone's new Voice over Internet Protocol (VOIP) worldwide network. ''Deployment of the new network including gateways in Toronto, Ottawa, Montreal, Vancouver and two major cities in the United States will begin in July'' said Innofone President, Larry Hunt. ''We have been working for the past year with NetSpeak on the deployment of its newest technology, which will position Innofone to be the leader in Internet Telephony in Canada''. Hunt went on to say, that ''NetSpeak's superior architecture will provide Innofone with the flexibility and reliability we need to continue to expand our competitive world wide long distance network''. ''The NetSpeak call management solutions will allow Innofone to build their network while being able to maintain centralized call control management. This will be increasingly important as Innofone moves to aggressively expand their service coverage, said Lane Bess, Sr. Vice President of Sales at NetSpeak. ''The service creation capabilities that NetSpeak enables, will facilitate additional value added services to Innofone's customer base over time. We believe this aligns well with Innofone's innovative approach.'' Innofone offers state-of-the-art voice, VOIP, fax and data services and with the expansion of its Fully Integrated Worldwide Network facilities, the company will offer wholesale ITSP services to other Canadian and US Telecommunications companies. Innofone will continue to expand its product line to include a portfolio of state-of-the-art ''virtual office'' products geared to the growing business/home office market which allows commercial users to consolidate voice and data into a single network with substantial savings. Innofone continues to increase its market share through the expansion of its highly competitive Multi-Level Marketing (MLM), Direct Sales and Affinity programs. These program are now generating an average of 500 new sign ups per week in both the business and residential sector, with committed growth to 1000 per week by August. Innofone anticipates enrolment will exceed 50,000 customers over the next twelve months. About Innofone.Com, Incorporated Innofone markets traditional long distance telephone services to residential, small and medium sized businesses and the small office/home office (SOHO) market, offering its Guaranteed Lowest Rate Calling program GLR(TM). Utilizing its exclusive billing software, Innofone analyzes its customers' phone bills each month against the rates of the three leading long distance service providers in Canada: Sprint Canada, a division of CallNet (Nasdaq: CNEBS - news), Bell Canada (Nasdaq: BCICF - news) and AT&T (NYSE: T - news), using Innofone's software. (Innofone is not affiliated with Sprint Canada, Bell Canada or AT&T.) The GLR(TM) program is a powerful tool that Innofone uses both to keep customers from switching long distance service and to market to new customers looking for lowest rates. About NetSpeak Corporation NetSpeak Corporation (NASDAQ: NSPK - news) is a leading developer of Advanced Intelligent Network (AIN) technologies for Internet Protocol (IP) telephony. NetSpeak continues to push new market and technology boundaries with the release of their comprehensive suite of IP telephony solutions. NetSpeak solutions enable today's market leaders to build next generation communications networks by providing the market's premier intelligent software products that enable solutions for concurrent, real-time interactive voice, video and data communications over packet networks. NetSpeak's products provide service providers and enterprises with the flexibility they need to cost-effectively add advanced communications capabilities - enabling an easy transition into the rapidly growing Internet telephony market. For additional information visit NetSpeak's World Wide Web site at netspeak.com . GLR, GLR Calling, Innofone and Innofone Logo are Trademarks of Innofone Canada. NetSpeak, NetSpeak Logo, WebPhone and Mini WebPhone are Trademarks of NetSpeak Corporation. Other brand and product names may be Registered Trademarks or Trademarks of their respective holders. Safe Harbor Statement: Assertions in this news release which look forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium and carrier of telephony traffic, market acceptance risks, technological development risks and other risk factors. -------------------------------------------------------------------------------- Contact: Innofone.Com, Incorporated Larry Hunt, Toll Free at 1-877/272-1225 Larry@innofone.com www.innofone.com or NetSpeak Corporation Julie Bugbee, 561/998-8700 jbugbee@netspeak.com