ATLANTA, Nov. 24, 2008 (GLOBE NEWSWIRE) -- Flint Telecom Group Inc. (OTCBB:FLTT), a fast growing telecom technology & services company that provides "turnkey" IP telecom services to global telecom and enterprise markets, announced further product development in its Enterprise Software Division.
The Enterprise Division of Flint is currently developing a series of new enhanced notification solutions for its HipLink software product line that will leverage the Flint Telecom infrastructure available as a result of the merger. The new products will be fully hosted as the first SaaS product for the Company, and will include a hybrid version for existing customers to be able to send voice calls directly through the Flint switching network. These joint products will use the Flint Telecom global network and enable customers' access to turnkey end-to-end voice solutions for emergency and standard broadcasts of any size.
Flint Telecom's Enterprise Software Division provides enterprise-grade software for alerting and mass notification services for enterprise and government clients, connecting people to critical business systems, information and processes and enabling emergency communication. Flint Telecom has a Fortune 1000 customer base including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Wells Fargo, PacifiCorp and Kaiser, to mention a few.
"Following the integration and cost savings plan recently implemented by our combined management, we have now directed our attention on further developing our product technologies that will deliver customers real end to end solutions that will yield them business efficiencies and cost savings, while driving both revenues and gross margin for Flint Telecom," stated Pamela LaPine, President, Enterprise Software Division. "With the calling capacity Flint is able to support, we will be in a unique position to offer premium software products and enhanced value to the emergency notification marketplace."
"I am delighted with the results of our combined business and continued customer focus to drive revenue and improve margin across all of our business lines," stated Vincent Browne, Chief Executive Officer and Founder, Flint Telecom. "Our management team has gelled nicely with a complete focus of driving the business to profitability in the near-term."
About Flint Telecom
Flint Telecom Group Inc. is a fast growing telecoms technology & services company providing "turnkey" IP telecom services to Global Telecom and Enterprise Markets. Flint Telecom areas of business include providing hosted technology and services to Independent Cable Companies, ISP's, VAR's and other operators who in turn sell full feature Digital Phone Service using VoIP to existing residential and business customers; providing voice and data termination services to other operators using Flint's own IP telecoms network and interconnection with larger carriers and delivering hosted alerting and mass notification services to Fortune 500 companies and Government agencies. Founded by telecom and technology entrepreneurs with a proven track record in building international technology companies, Flint Telecom has been in business since 1993 and has been public for over 10 years. Flint Telecom has grown both organically and through corporate activity and is traded on the OTC Bulletin Board(r) (OTCBB) under the ticker FLTT.OB. Corporate headquarters are in Atlanta (GA), with a technology centre in New York (NY) and other operations in Boca Raton (FL) and Los Gatos (CA). European Headquarters are in Dublin, Ireland. For more information, please visit Flint's website at www.flinttelecom.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.