To: CPM who wrote (2990 ) 4/13/1999 1:15:00 PM From: Robert B. Respond to of 19297
Here's my next pick...BB company has deal with Cisco. April 13, 1999 12:49 NetVoice Expands Relationship With Cisco and City Network DALLAS--(BUSINESS WIRE)--April 13, 1999--NetVoice Technologies Corp. (OTC BB:NTVT) Tuesday announced that it has attained "major account" status with Cisco Systems, the world's largest provider of Internet routing equipment, and has increased its lease and purchase commitment from Cisco to $2 million. "This new agreement will accelerate the installation of additional Cisco gateways and allow us to continue our unprecedented growth in wholesale VoIP services to carriers throughout our network," stated Bill Bedri, president of NetVoice. NetVoice, with headquarters in Dallas, owns and operates telecommunication facilities and networks, and is a leader in Internet Telephony. NetVoice plans on building out its own IP telephony network throughout the United States. Through its own network, and as the largest reseller of Inter-Tel.net VoIP services, NetVoice is able to offer IP Telephony services to and from its network throughout the United States and internationally. NetVoice's goal is to reach 100 million Internet Telephony minutes per month by the end of 1999. Currently, NetVoice has gateway facilities established in 18 cities located in Arkansas, Colorado, Florida, Georgia, Louisiana, Missouri, New Mexico, Oklahoma, and Texas. In April, NetVoice plans on establishing gateways in Albuquerque, N.M.; Amarillo, Texas; Atlanta; Baton Rouge, La.; El Paso, Texas, and Little Rock; Ark. This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These include the company's historical lack of profitability, end-use customers' acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations, and other risks associated with a development stage company. CONTACT: Mezzanine Associates LLC Lynn Carlson, 714/430-9209 Fax: 714/430-9210 E-mail: investor@netvoice.com