IPVC, seems to be impressive, little known company ready to rock. News today, name change to ".com" Will offer IP (INternet) long distance from any phone or computer...working on eFaxing product (like EFAX), said it "will be announcing major marketing partnerships..." Hot sector, IDTC, etc...buyout candidate?
Read today's news just released:
IPVoice.com - New Name Unveiled for Emerging Internet Telephony Company
Business Editors
LITTLETON, Colo.--(BUSINESS WIRE)--April 19, 1999--
Company Plans to Market New Voice Over IP Service to Consumers
and Businesses Across the USA in the
$100 Billion Domestic Long Distance Market
IPVoice Communications Inc. (OTC BB:IPVC) Monday unveiled their
new company name, IPVoice.com. The company plans to market its voice
over IP service soon to consumers and businesses across the USA and
Canada to capture a stake in the $100 billion long distance market.
The name change is part of IPVoice.com's long term strategy to
market their proprietary product which will allow consumers and
businesses to make long distance calls over the Internet for a
substantially reduced cost. This service will compete directly with
traditional long distance service offered by AT&T (NYSE:T), Sprint
(NYSE:FON) and MCI WorldCom (NYSE:WCOM). With IPVoice.com's new
service, consumers will only need a regular telephone to make an
Internet phone call, expanding its market to almost every household in
America. IPVoice.com will also aggressively compete with products from
IDT (Nasdaq:IDTC) and NetSpeak (Nasdaq:NSPK) that require the customer
to have a PC to make an Internet phone call.
The name IPVoice.com reflects the company's focus on creating an
image that the average consumer can understand. "Our focus has always
been and always will be our customer. The name change reflects our
commitment to ensure that the consumer is clear on what service we
have to offer - voice over the Internet. We want our service to be
simple and easy to use," said Anthony K. Welch, co-founder. "The
company name IPVoice.com as well as the domain name is probably one of
the most coveted names on the Internet. This adds tremendous value to
our branding opportunities."
"The advantage we have over any other IP telephony company is
that we designed and created our TrueConnect Gateway. Since we own the
software, we are able to substantially reduce the overhead cost of the
service and increase potential profits," said Barbara Will, president.
"The TrueConnect Gateway software allows consumer or business
voice transmissions to be converted to data packets so the
transmissions can be sent over the Internet," added Welch. "The
software is fully Y2K compliant and we have developed it in such a
manner that we can make modifications as the needs of our customers
change. IPVoice is researching providing fax services over the
Internet similar to the product EFax (Nasdaq:EFAX) offers."
Will stated: "Now the timing is right, consumers are beginning to
understand Internet telephone calls and we are poised to bring them a
simple and easy solution which will eventually replace billions they
annually spend on their traditional long distance calls."
The aggressive branding goals are similar to what Xerox has done
to the document industry. "Whenever customers want to make a long
distance call, we want them to think of us, they will be making an
IPVoice call," said Will.
In the upcoming weeks, IPVoice.com plans to announce details on
their new Internet call service as well as marketing partnerships that
will help them gain marketshare in the long distance market. You can
visit their website at www.IPVoice.com for details in the upcoming
weeks.
Domestic long distance revenues have climbed to over $100 billion
in 1998. With the consumer's acceptance of the Internet, it is
expected that over the next few years a large part of these revenue
dollars will be spent on Internet telephone calls. IPVoice.com is
positioning itself to emerge as one of the leaders in this industry
with their aggressive expansion and marketing plans.
About IPVoice.com
IPVoice.com is a developer and producer of unique proprietary
state-of-the-art software and hardware solutions for use in IP
Telephony. IPVoice.com's premier product is an Internet Gateway named
"TrueConnect(tm)", a fully Y2K compliant gateway that allows users to
conduct real time, full duplex, high quality, two-way voice and data
communication over the Internet. To support TrueConnect(tm),
IPVoice.com has developed proprietary support products in the areas of
order entry, billing customer service, agent management and a
switching network management system. Their system is poised to compete
and surpass other Gateway manufacturers such as VocalTec
(Nasdaq:VOCLF).
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
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, 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.
For further information contact: IPVoice at 303/738-1266 or visit
their website: www.IPVoice.com
--30--jd/mi*
CONTACT: Buying Power Network, Boca Raton, Fla.
Terry Joyce
561/361-9277 or Fax 561/361-9217
KEYWORD: COLORADO INTERNATIONAL CANADA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET
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URL: businesswire.com
Apr-19-1999 10:57 GMT
Symbols:
US;IPVC
Source BW Business Wire |
