To: Andmoreagain who wrote (3790 ) 5/18/1999 1:05:00 PM From: Nick Respond to of 6846
Another Interesting Article: TELECOMMUNICATIONS SERVICES TO BE SOLD ONLINE; CYBERTEL SELLING Voice Over the Internet on Web Site Business Editors/Technology Writers LA JOLLA, Calif.--(BUSINESS WIRE)--May 18, 1999--Cybertel Communications Corporation (OTC BB:CYTP) announced today that it will begin selling its communications products and services online through its greatly expanded interactive Web site within the next week. The company will sell everything from long distance service to phone cards at cybertelcorp.com . "This is a big step for us," says Richard Mangiarelli, president of Cybertel Communications. "Rather than just reaching those individuals in the cities we have a major presence in or the members of one of our affinity groups, we can now sell our products to anyone that can go online. We can supply services nationally and sell more prepaid phone cards internationally." Cybertel's web site will begin selling long distance service, voice and data over the Internet service, cellular and paging services, traditional and prepaid phone cards and Internet access. "We have always believed that to be successful, you have to be willing to try new things and break away from the pack. This venture will make us one of the first, if not the first company in the U.S. to sell voice over the Internet services online. We think the e-commerce market will allow us to significantly boost our sales, much like our unique Affinity Marketing Program has done," says Mangiarelli. Cybertel has an agreement to collocate its Internet Protocol gateway equipment with Level 3 Communications' (Nasdaq:LVLT) switching centers in major metropolitan areas, giving the company access to Level 3's IP telecommunications network. Cybertel also has strategic alliances with other national and international carriers such as MCI/Worldcom (Nasdaq:WCOM), AT&T (NYSE:T), Sprint Communications (NYSE:FON) and Frontier Communications (NYSE:FRO), which carry some of its traffic. The company has been able to negotiate extremely low international rates with these and overseas long distance carriers, thus enabling Cybertel to maintain a high profit margin on its international wholesale operations. Wholesale division sales are predicted to possibly reach as high as $15 million annually. Cybertel is a La Jolla, Calif.-based Voice Over the Internet (IP) Telephony Company. Cybertel is in the process of building a state-of-the-art Internet Telephony network in the Western U.S. that will interconnect with a national IP network to deliver Voice Over the Internet long distance to all 50 states. Cybertel's short-term strategy is to quickly expand its customer base through its unique marketing programs, and then launch its own Internet telephony network, competing with companies such as Level-3 (Nasdaq:LVLT) and Qwest (Nasdaq:QWST). 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 cannot 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.