IPVoice Adds Key International Distributor in Anticipation of Product Launch
August 26, 1998 09:31 AM
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Aug. 26, 1998--IPVoice Communications, Inc. IPVC announced today the addition of a new international distributor for its Internet telephony products.
Billion AMC HK Ltd. ("Billion") will distribute IPVoice's TrueConnect(TM) IP Telephony Gateways and supporting management software, allowing companies to experience significant cost savings by making telephone and data calls using the Internet rather than traditional long-distance networks.
IPVoice is planning to introduce these products to the public on September 23, 1998, at the Computer Telephony Demo and Expo Fall Show at the Jacob K. Javits Center in New York City.
Billion will distribute the IPVoice products throughout its existing sales network in Hong Kong and China. Billion offers an extensive range of telecommunications consulting services to its client base of government departments, telecom service providers and international corporations.
Steven Wong, Director of Billion's parent company, Billion Group, says about the agreement: "Voice, video, fax, and other data across the Internet are the norms of tomorrow and IPVoice is a leader in providing a total system for making this happen. Billion Group is fortunate to share IPVoice's success and is committed to strive for further success for IPVoice and for the public."
"We are extremely pleased about the outcome of our negotiations with Billion. This is a wonderful opportunity for our products and services to be distributed in the key markets of Hong Kong and Mainland China. We believe our distribution agreement will have a major impact on telecommunications in these areas," comments Barbara Will, President of IPVoice.
Earlier this year, IPVoice added VCK to distribute its products in Spain and Armstrong International Group ("AIG") to open up additional international markets. AIG, on behalf of IPVoice, is in the final stages of negotiation for establishing distribution agreements in South America, Mexico, and Moscow.
IPVoice continues to negotiate directly with distributors in the United Kingdom, the Caribbean, India and Germany.
IPVoice targets the explosive potential in Internet communications. IPVoice will deliver products that allow companies and individuals to route their phone calls, faxes, and other data across the Internet with no sacrifice of quality compared to traditional telephone networks at substantial cost savings.
IPVoice is preparing to launch its first product, and Internet Gateway named TrueConnect. TrueConnect provides a gateway for bridging the public telephone system with the Internet. With TrueConnect, users will be able to conduct real-time, full duplex, high quality two-way voice communications over the Internet.
To support the TrueConnect product, the Company has completed several proprietary products that will allow the Company and its distributors to offer a total solution in Internet Telephony.
These products include MultiCom, a complete order entry, billing, customer service, agent management, and switching network management system for telecommunications businesses worldwide.
Note: This News 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 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, change in industry practices, and one-time events.
Should any one of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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