IPVC - IPVoice Communications, Inc. To Acquire Synergie.net In Stock Transaction
UK-based Company Expects Annual Revenues Of $7.0M Following Acquisition By
IPVC; IPVC Moves Closer to Achieving Projected Goals Of $20M In Revenues This
Fiscal Year
SCOTTSDALE, Ariz., Mar 1, 2001 (BUSINESS WIRE) -- IPVoice(TM) Communications,
Inc. (OTCBB:IPVC) emerged from an SEC-filing "quiet time" to announce that it
has signed a letter of intent to acquire Synergie.net (www.synergie.net) - a
convergent telephone and internet service company based in London, England.
The announcement comes as IPVoice(TM)'s VoIP network gains momentum, with
revenues showing continued growth and no signs of slowing down. With the
acquisition of Synergie.net, revenues will receive another shot in the arm - the
British company reports $200,000 plus in current monthly revenues, and projects
over $7.0M in annual revenues post IPVoice(TM) acquisition using IPVoice(TM)'s
network.
Synergie.net's cornerstone offering is a converged telephone and internet
service which provides a deeply discounted telephone service along with free
access to the internet, providing its customers with significant cost savings.
By aligning itself with IPVoice(TM), Syngerie.net can expect to see its network
costs reduced in half - significantly increasing profits.
In addition to its existing customers, Synergie.net announced in November 2000
that a contract has been signed with UK-based The Federation of Small Businesses
(FSB), a powerful business group with approximately 155,000 member
organizations, which aims to promote and protect the interests of small
businesses.
Synergie.net will provide the services supporting a recently launched telephone
service being offered to FSB members. This lucrative contract is expected to
generate at least $6,000,000 in annual revenues.
Barbara Will, President of IPVoice(TM) Communications, Inc., states, "This
transaction will greatly benefit all parties involved. Through the acquisition
of Synergie.net, IPVoice(TM) aligns itself within the overseas market with an
established presence in London. Synergie.net gains access to IPVoice(TM)'s
network, dramatically reducing their overhead costs, and providing an extremely
profitable situation. The acquisition of Synergie.net customer base will add at
least $7.0M to IPVoice(TM) annual revenues in the first year alone."
A further benefit of the acquisition will be realized in the management arena.
Synergie.net's executive management team, led by Gary Nield, Managing Director,
is highly experienced in the field of telecommunications.
According to the stipulations of the arrangement, members of Synergie.net's
executive team will be appointed to senior positions at IPVoice(TM), thereby
enhancing an already talented and able managing body. "Both companies can look
forward to greater advancement in the VoIP marketplace on both sides of the
Atlantic," continues Ms. Will.
In addition to its telephone and internet service, synergie.net is the creator
of proprietary e-commerce software known as the Synergie Trading Portal. This
state-of-the-art e-business solution allows synergie.net to custom-tailor a
company's web presence to meet the needs of potential customers.
"This acquisition allows IPVoice(TM) to meet its business plan objectives by
expanding its services into the e-business marketplace as well as VoIP," Ms.
Will continues. "Synergie.net's current and potential business opportunities
makes this acquisition ideal for IPVoice(TM), and will enhance shareholder value
as our revenues and profits soar."
IPVoice.com(TM) is the developer and producer of MultiCom(TM), the Company's
unique proprietary state-of-the-art software solutions for use in IP Telephony.
IPVoice.com(TM)'s premier products are two Internet Gateways named
"SuperConnect(TM)" and "UltraConnect(TM)", supported by MultiCom(TM), which
allow users to conduct real-time full duplex, high quality two-way voice
communication over the Internet.
To support SuperConnect(TM) and UltraConnect(TM), IPVoice.com(TM) has developed
proprietary support products in the areas of order entry, billing, customer
service, agent management and a switching network management system.
IPVoice.com(TM) believes its system is poised to compete effectively with
vendors such as VocalTec (NASDAQ:VOCL), and with other Voice over the Internet
services such as the one offered by NetSpeak (NASDAQ:NSPK), in terms of
functionality, efficiency and economy.
Note: This press release contains certain "forward-looking" statements as such
term is defined in the Private Securities Litigation Reform Act of 1995 and
information relating to the Company and its subsidiaries that are based on the
beliefs of the Company's management as well as assumptions made by and
information currently available to the Company's management.
Such statements reflect the current risks, uncertainties and assumptions related
to certain factors including, without limitations, competitive factors, general
economic conditions, customer relations, relationships with vendors, the
interest rate environment, governmental regulation and supervision, seasonality,
distribution networks, product introductions and acceptance, technological
change, changes in industry practices, and one-time events.
Should any one or more of these risks or uncertainties materialize, or should
any underlying assumptions prove incorrect, actual results may vary materially
from those described herein.
CONTACT: IPVoice.com
Brian Auchey, 480/948-1895 |
