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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (3611)	4/6/1999 9:06:00 AM
From: blankmind	Read Replies (2) \| Respond to of 30916

why does this nobody company keep slamming idtc? Tuesday April 6, 8:31 am Eastern Time Company Press Release IP Telephony Company Partners With Miles Ahead LA JOLLA, Calif.--(BUSINESS WIRE)--April 6, 1999--Cybertel Communications Corporation (OTC BB:CYTP - news) announced today that it has completed a contract with the San Diego-based Miles Ahead Ministries to offer telecommunications services to its 10,000 supporting members. The contract is estimated to increase Cybertel's annual sales revenues by $5-7 million. This is the third affinity group partnership agreement finalized by Cybertel this year. Miles Ahead Ministries is a San Diego based charitable non-profit organization founded and headed by former San Diego Chargers defensive back, Miles McPhearson. ''Miles Ahead is the first religious non-profit organization that Cybertel has worked with, and as such, represents an important milestone for Cybertel. It may act as a stepping stone for us to gain access to even larger ministries with millions of supporters. The partnership between Cybertel and Miles Ahead's should lower the ministry's members' long distance rates anywhere from 10-60%. Plus, it will likely help Miles Ahead Ministries raise $100,000 or more per year to finance its operations,'' explains Richard Mangiarelli, CEO of Cybertel. Both partners will begin marketing long distance and other telecommunications services to the group's members immediately. In addition to the members, Miles Ahead will offer discounted services and resell Cybertel prepaid calling cards to the nearly one million youths the ministry reach annually. The Affinity Marketing Program partnerships - such as the one announced today - drastically reduce Cybertel's overall marketing costs. Cybertel lets the non-profit groups promote its services to their members. The groups then reap the reward by receiving a percentage of every member's telecommunications spending back from Cybertel every month. The group gets added revenue, its members save on their telecommunications bills and Cybertel gets loyal customers without outrageously high marketing costs. Cybertel is currently negotiating partnerships with a number of national affinity groups with members totaling over 40 million. ''We are confident that we can attract at least 5 million new customers from these groups within the next three years - without advertising. With a very conservative customer spending estimate of $20 per month on long-distance and other telecommunications services, this would give us $1.2 billion in annual revenues. When you combine this with our ability to reach our clients much more inexpensively, and the decreased need for infrastructure investment, our projected profitability looks very good,'' Mangiarelli says. ''We know that our approach is exceptional and is a dramatic break from the norm. Even the new generation of Internet Protocol based telecommunications companies, like Level-3, Williams Communications and IDT (Nasdaq:IDTC - news) are marketing their services in the same old-fashion, tremendously expensive way as everybody else - primarily with TV and print ads and telemarketing. And none of the other major phone companies - not MCI/Worldcom (Nasdaq:WCOM - news), AT&T (NYSE:T - news), Sprint (NYSE:FON - news) or Frontier - have anything close to our Affinity Marketing Program where we create win-win partnerships with both the non-profit organizations and their members,'' adds Mangiarelli. Cybertel's short-term strategy is to quickly expand its customer base through its unique marketing program, and then launch its own Internet telephony network, competing with companies such as Level-3 and Qwest (Nasdaq:QWST - news). Cybertel is currently in the process of building a telecommunications network in the western U.S., first three hubs being located in San Diego, Seattle and Las Vegas, that utilizes Internet technology. Cybertel also has agreements with Level 3 Communications (Nasdaq:LVLT - news) to collocate its Internet Protocol gateway equipment with Level 3 switching centers in major metropolitan areas. The agreement will drastically reduce Cybertel's need for its own infrastructure investments, boosting the company's overall profitability by millions of dollars. When combined with Cybertel's unique marketing program, Cybertel believes that it can reach its goal of $1.2 billion in annual revenues. ''Through this agreement, we now have access to 16 markets in Level 3's network. This will allow us to bring our IP-based telecommunications services to the market immediately, while saving millions of dollars in infrastructure investments. Level 3 has already invested billions of dollars to build their network from scratch. By 'piggybacking,' we are able to interconnect to a state-of-the-art national network quickly, at a fraction of the cost we would spend to do this on our own,'' explains Mangiarelli. The Internet Protocol (IP) technology will enable Cybertel to provide a full range of communications services, including long distance and data transmission as well as other enhanced services to the domestic and international markets. Additionally, Cybertel will offer a range of Internet access services at varying capacity levels. For more information or to schedule an interview, contact David Drake of Merger Communications at 713/267-2328 or by e-mail at daviddrake@earthlink.net. The statements made by Cybertel Communications Corporation may be forward looking in nature. Actual results may differ materially from those projected in forward looking statements. Cybertel Communications Corporation believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; changes in technology; the number and size of competitors in its markets; changes in the law and regulatory policy; and the mix of product and services offered in the company's target markets. Merger Communications (Merger) is a media relations firm employed by the Company. The statements and opinions presented here represent the views of the Company, not Merger, as the release is based on the information provided by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but can not guarantee that the statements presented herein are accurate or complete. Merger's compensation for its media relations services, including preparation of press releases, consists of a monthly retainer and restricted stock. Merger may have a long position in the securities of the companies in which it distributes information to the media, and Merger may be buying or selling securities in the course of its regular business. biz.yahoo.com