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Technology Stocks : ITXC -- Ignore unavailable to you. Want to Upgrade?

To: joeystockmarket who wrote (442)	12/26/1999 3:29:00 PM
From: David Wiggins	Read Replies (1) \| Respond to of 987

E-Phoning Grows Faster than E-Shopping this Christmas; ITXC Reports <ITXC.O> E-Phoning Grows Faster than E-Shopping this Christmas; ITXC Reports Greater Than 15 Times Increase in Christmas Day Phone Calls on the Internet PRINCETON, NJ--(BUSINESS WIRE)--Dec. 26, 1999-- First Internet Benefit For People Without Computers As fast as the use of the Internet for shopping has grown since last year, its use as a way to call home for Christmas has grown even faster. According to Internet telephony wholesaler ITXC Corp (NASDAQ: ITXC), its carrier customers sent it approximately 1.5 million minutes of traffic on Christmas Day for completion over the Internet. Almost all of this was international calling. This is more than fifteen times as much traffic as ITXC handled last Christmas; e-shopping is estimated to have "only" tripled since last year. Because technology like that used by ITXC routes only the expensive international part of the call over the Internet, the people on both ends of an Internet call can and usually do use standard telephones rather than computers. Placing an Internet call is no different than any other call since it is the carrier rather than the caller who makes the choice to use the Internet for routing rather than the more expensive traditional phone network. "Most of our callers have no idea their calls are going over the Internet, "said ITXC Chairman Tom Evslin. "What they do know is that they can afford to talk longer this year because calls to many countries are cheaper. The Internet has helped to bring prices down with no sacrifice in quality." ITXC has applied for a patent on its BestValue Routing(TM) technology which makes consistently high call quality on the Internet possible. The company operates ITXC.net, the world's largest Internet-based voice network and sells wholesale calling to leading carriers worldwide. The most popular destinations for calls routed through ITXC from the USA on Christmas were in Latin America. However, there were also a large number of calls to the US from other countries and to Russia and Eastern Europe as well as to China and other Asian destinations. Christmas Eve traffic was also very heavy and set a single day record for the company at over 1.3 million minutes. That record was promptly eclipsed on Christmas Day. About ITXC: ITXC Corp is the tier one carrier of Internet telephony. ITXC.net is the infrastructure for voice on the Internet with over 150 IP PoPs in 95 cities and 43 countries. Network affiliates include international carriers, ISPs, and newly formed Internet telephony service providers (ITSPs.) Key Affiliates include Ameritech division of SBC, Bell Atlantic, China Telecom, GTS, and Korea Telecom among others. ITXC sells international call completion and enhanced telephony services including international toll free calling to carriers, PTTs, and resellers. These services are routed over ITXC.net using the public Internet and ITXC'patent pending BestValue Routing(TM) technologies to assure quality. For more information, please visit www.itxc.com. Forward looking statements. ITXC may not meet the projections reflected in its forward looking statements due to numerous risks and uncertainties, including, among other factors, the volatile and competitive environment for Internet telephony, changes in domestic and foreign economic, market and regulatory conditions, any failure of ITXC, its vendors or other third parties to achieve year 2000 compliance and other risks detailed in ITXC'reports filed from time to time with the SEC. --30--eb/sf* CONTACT: ITXC Corp Jennifer Cannell, 1-609/419-1500 x167 jcannellitxc.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com