To: vinh pham who wrote (7592 ) 5/12/1999 10:08:00 AM From: Augustus Gloop Read Replies (1) | Respond to of 30916
I don't know if this was posted: Information-Highway.com, Inc. Announces Launch of Free Internet Long Distance Telephone Calls for Canadian Executive Club Clients and Plans Service in U.S. & Asia Business Wire - May 12, 1999 08:31 VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--May 12, 1999-- Information-Highway.com, Inc. (OTCBB: IHWY) announced today that it will implement its Free IP-based (Internet-based) Long Distance Telephone service for its Executive Club clients within the next month in Toronto, Ontario. In addition, the Free long distance service will be launched in several major cities in the US and Asia over the next few months. Internet-based Long-Distance Telephone Calls will be Free only for The Executive Club portal clients. These phone calls can be performed in the exact same manner as traditional long-distance telephone calls using an ordinary household telephone. Information-Highway.com will distribute these free phone calls in order to drive more users to it's the Executive Club portal site (http://theexecutive.com) and will then generate additional revenues from advertising and commerce on its Executive Club portal site pages because of the massive influx of users. Internet-based telephone calls are advantageous to users and providers for many reasons. Using VoIP (Voice-Over-IP) technology, these calls cost very little to provide as they are conducted over the Internet using Internet Packets and the Internet Protocol (IP). These technologies are purely digital which allows them to require almost no overhead. In addition, users may enjoy the majority of these savings because these calls are not subject to the extensive government regulatory taxes and land-infrastructure overhead costs which traditional long-distance telephone companies must incur. According to SRI Consulting, one of the most widely recognized authorities on the subject, Internet Telephony services will capture a conservative 5% of all the long distance calls world-wide by year 2002. The overall market for IP Telephony including services, hardware and software is projected to amount to US $9 Billion by the year 2003. Frost & Sullivan see the industry growing from $19 Million in 1996 to over $1.5 Billion by 2001. Extrapolating from the limited subset of data, the Global Internet Gilder Technology Group suggests close to a ten-fold annual growth rate in the industry and Information-Highway.com intends to capitalize on the growth potential seen all over the world. Information-Highway.com has a distinct advantage over leaders in the Voice Over IP industry because the company is able to provide its Internet-based telephone calls to clients for free and generate advertising and commerce revenues on its Executive Club portal pages instead of charging clients directly for long-distance phone calls. Information-Highway.com competes directly with IP Telephony leaders including IDT Corp. (Nasdaq:IDTC), NetSpeak Corp. (Nasdaq:NSPK), Qwest Communications (Nasdaq:QWST), Vocaltec (Nasdaq:VOCLF), and Intel (Nasdaq:INTC). About Information-Highway.com, Inc. Information-Highway.com Inc. is a leading Internet Service Provider (ISP) engaged in web content development and Internet access. The Company provides dial-up and dedicated Internet access as well as web site hosting to over 20,000 Canadian users. Information-Highway.com's premiere online service, The Executive Club, is a localized regional Internet portal that can save users vast amounts of time by allowing them to access stock quotes, weather forecasts, community events, online trading, web searches, multicasting, free long-distance telephone calls, and shopping -- all from one place. Interested parties may join The Executive Club for free at theexecutive.com and can find more information about Information-Highway.com Inc. on the Company's web site at information-highway.com . Information-Highway.com has been featured in Internet Stock News (http://www.internetstocknews.com), one of the web's leading publications for Internet investors.