Kauffman Group Names Premiere Worldwide Leader in Internet Fax
ATLANTA--(BUSINESS WIRE)--Sept. 13, 1999--
Premiere's Web-based Information Distribution Services Grow
to $45 Million Revenue Run Rate
Premiere Technologies, Inc. (Nasdaq: PTEK)(www.premtec.com) today announced it has
been recognized by the Kauffman Group, a leading fax technology and services analysis and
consulting firm, as the leader in managed information distribution. More than 40% of the
Fortune 500 utilize Premiere's worldwide IP-based network, processing more than five
million documents per day.
The report also cited Premiere as having the world's largest IP-based network for
business-to-business information distribution services. "Premiere's worldwide
distribution network is by far the largest of any in the industry, which makes them the
right choice for businesses who need to ensure that their documents will be delivered
timely, accurately and in the format of their choice - whether it's via e-mail, fax or
through the Internet," said Maury Kauffman, President, The Kauffman Group. "Many
companies, both new start-ups and legacy companies, are trying to incorporate the Web
into their product strategies. However, Premiere has been quick to Web-enable its
services due to its global infrastructure, existing IP network and its information
delivery expertise. Premiere knows more about information distribution applications and
these new technologies will give them even greater market opportunity in the future."
Premiere's Web-enabled information distribution services, which are accessed and
distributed through e-mail and the Internet, grew to an annualized run rate of $45
million in June 1999. In 1994, Premiere was the first in the industry to establish its
own IP network and has expanded its Web-based capabilities to include customized
Web-hosted services, e-mail broadcasts and e-mail merge applications. These services can
be accessed through various Internet gateways including Premiere's Web site. These
combined Internet-access services grew 496% in Q2 1999 vs. Q2 in 1998. In the second
quarter of 1999, Orchestrate(R) XWEB(R) led the suite of Internet-access services with a
30% growth rate Q2 vs.Q1.
"Premiere is the leader in Web-based information distribution and the Kauffman report
is the latest evidence of our marketplace momentum," said Boland T. Jones, Premiere
Technologies founder, chairman and CEO. "Premiere was the first to create its own IP
network, and since then we have continued to lead and capitalize on the emerging data
messaging market by offering innovative and customer-driven solutions. Max Slifer, who
was recently named President of Premiere's Corporate Enterprise Solutions business unit,
has been instrumental in growing this segment of the business and transitioning customers
to these new technologies."
"Our new, scalable Web-enabled solutions allow our customers to distribute information
with bandwidth-on-demand applications that allow them, in a secured environment, to track
jobs, confirm delivery and manage information exchange," said Slifer. "These new services
will drive more, not less, demand for electronic messaging and document exchange
solutions, and we plan to capture this market opportunity."
About Premiere Technologies
Atlanta-based Premiere Technologies (NASDAQ: PTEK) provides innovative solutions to
simplify communications by combining the power of the Internet with the reach of the
telephone. Founded in 1991, Premiere has operations in 32 countries and can be found at
www.premtec.com.
Premiere Document Distribution is a global leader in information distribution. The
company offers the full range of Web-enabled and fax-based electronic document
distribution and data messaging services using the industry's first and the world's
largest dedicated IP network. Premiere processes up to five million document pages every
day to all types of electronic addresses, including Internet, e-mail, fax and Telex.
NOTE TO EDITORS: Statements made in this press release, other than those concerning
historical information, should be considered forward-looking and subject to various risks
and uncertainties. Such forward-looking statements are made pursuant to the 'safe harbor'
provisions of the Private Securities Litigation Reform Act of 1995 and are made based on
management's current expectations or beliefs as well as assumptions made by, and
information currently available to, management. A variety of factors could cause actual
results to differ materially from those anticipated in Premiere's forward-looking
statements, including the following factors: Premiere's ability to manage its growth and
to respond to rapid technological change and risk of obsolescence of its products,
services and technology; market acceptance of new products and services, including
Orchestrate(R); development of effective marketing, pricing and distribution; strategies
for new products and services, including Orchestrate(R); competitive pressures among
communications services providers may increase significantly; costs or difficulties
related to the integration of businesses, if any, acquired or that may be acquired by
Premiere may be greater than expected; expected cost savings from past or future mergers
and acquisitions, may not be fully realized or realized within the expected time frame;
revenues following past or future mergers and acquisitions may be lower than expected;
operating costs or customer loss and business disruption following past or future mergers
and acquisitions may be greater than expected; the success of Premiere's strategic and
other distribution relationships, including the amount of business generated and the
viability of the strategic relationships, may not meet expectations; possible adverse
results of pending or future litigation; risks associated with interruption in Premiere's
services due to the failure of the platforms and network infrastructure utilized in
providing its services; risks associated with the Year 2000 issue, including Year 2000
problems that may arise on the part of third parties which may effect Premiere's
operations; risks associated with expansion of Premiere's international operations;
general economic or business conditions, internationally, nationally or in the local
jurisdiction in which Premiere is doing business, may be less favorable than expected;
legislative or regulatory changes may adversely affect the business in which Premiere is
engaged; and changes in the securities markets may negatively impact Premiere.
For a detailed discussion of these and other cautionary statements and factors that
could cause actual results to differ from the Company's forward-looking statements,
please refer to the Company's filings with the Securities and Exchange Commission,
especially in the "Factors Affecting Future Performance" included in the Management's
Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended
December 31, 1998 and in subsequent filings filed with the Securities and Exchange
Commission.
CONTACT: Premiere Technologies, Inc.
Randy Salisbury (Investors)
404/504-2361
or
Trisha Harris (Media)
404/487-8131
09:56 EDT SEPTEMBER 13, 1999 |
