To: telephonics who wrote (73 ) 3/29/1999 10:49:00 AM From: CUBBY Read Replies (2) | Respond to of 275
IPVoice Communications, Inc. Signs Contract With Billion Telecommunications to Distribute IPVoice's TrueConnect Gateways For Major Impact On Chinese Telecommunications, a Multi-Billion Dollar Industry March 29, 1999 10:38 AM LITTLETON, Colo.--(BUSINESS WIRE)--March 29, 1999-- The Company Projects This Contract Should Net At Least $10 MM in Revenues After months of intensive development to ensure that the company's product does what others only say they can do -- IPVoice Communications, Inc. IPVC announced today the completion of negotiations and the signing of contracts with Billion Telecommunication Services Ltd. (Billion). The two corporations will join forces for the distribution of IPVoice's TrueConnect Gateways, and telecommunications network in Taiwan, Hong Kong and China. This is a conservative $10mm market for IPVoice and we are extremely pleased to have a company of Billion's expertise distributing IPVoice network and services there. "Billion will soon be making a major impact on the Chinese telecommunications industry," commented IPVoice President Barbara S. Will. Billion, offers government departments, telecom service providers and international corporations an extensive range of telecommunications consulting and management services. Their staff of professional engineers, using the latest in European technology, provide innovative design and are dedicated to giving their clients the most effective ways to install and purchase the latest in telecommunications technology. "IPVoice is a leader in providing Total Management System for business operators to provide voice over the internet to the public," said Steve Wong, Director of Billion Group. "Billion Group is fortunate to share IPVoice's success and is committed to strive for further success for IPVoice and the public," Wong added. This material was prepared by Buying Power Network ("BPN"), for the company discussed herein, based upon information supplied by the client or other sources believed to be reliable. The company's actual results could differ materially from those described in the forward-looking statement discussed in this press release. This material is for information purposes and should not be construed as an offer or solicitation of an offer to buy or sell the securities. BPN, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. BPN has received compensation for preparation of this press release. cubby