LOS ANGELES, Sept. 13, 2004 (PRIMEZONE) -- FoneFriend, Inc. (OTCBB:FFRD) is pleased to announce that the Company is acquiring an additional 10,000 Voice over Internet Protocol (VoIP) customers from InfiniCom Networks Inc., taking the company's subscriber base to 70,000 paying customers with annualized revenues of $12.6 Million.
This follows the Company's announcement in August of the successful verification of the billing, customer support and technology infrastructure that drives the phone service, during which time the company experienced a 99.5% service retention rate from the first month of subscriber calling.
FoneFriend President, Robin Glanzl, commented, "We are very pleased with the results of our first product launch -- the $15 a month unlimited calling plan throughout North America, and to Western Europe and several Pacific Rim countries -- and as previously announced we are now committing to an aggressive expansion of our subscriber base, with a goal of becoming a dominant player in the exciting fast growth VoIP industry."
Karen Blevins, Vice President/Carrier Markets for InfiniCom Networks, Inc. said, "This order to support 10,000 new subscribers demonstrates FoneFriend and InfiniCom's ability to rapidly deploy additional new subscribers. We are delivering carrier-grade VoIP telephony service at a fraction of normal telco costs to our customers and early experience shows that our subscribers appreciate our service quality and stay with us."
About FoneFriend, Inc.
FoneFriend is a rapidly emerging company in the fast growing VoIP industry. The company provides its customers with access to extremely low cost, long-distance calling via the Internet, using only a standard telephone handset or their personal computer.
About Equity Market Information Systems, Inc. (EMIS)
FoneFriend has contracted with EMIS to organize and manage an investor awareness program. A Corporate Profile on FoneFriend can be viewed at: http://www.serioustraders.com
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.