KIRKLAND, Wash., July 11, 2000 (PRIMEZONE) -- VoIP Telecom Inc. (OTCBB:VOPT) is pleased to announce today that it is planning an Asian-pacific marketing campaign and is in negotiations with Yahoo! Asia (Nasdaq:YHOO) to build brand awareness and revenues by attracting corporate and retail customers to utilize its new Singapore based VoIP Network.
VoIP Telecom, Inc. recently deployed a robust VoIP Network based in Singapore and Los Angeles, which utilizes Clarent servers (Nasdaq:CLRN) and can handle up to 6 million long distance minutes monthly. VoIP Telecom, Inc. is focused on pursuing retail customers and wholesale customers. The company is a "carriers carrier" and can pursue contracts with major companies looking to capture market share in Asia, such as AT&T, Sprint, WorldCom, and US West (NYSE:USW).
Sandy Anderson, CEO stated "Yahoo! Asia offers one of the most comprehensive Asian Internet guides, providing an ideal environment for targeted advertising in the Asia Pacific region."
According to Paul Noglows, analyst at Hambrecht & Quist, "Yahoo! Is not only attracting the best advertising, they're attracting the best content, and it all feeds off itself."
About Yahoo! Asia
Since its launch in June 1997, Yahoo! Asia has grown to be one of Asia's most visited sites. More and more Asians are using Yahoo! Asia to find information both locally and globally, as well as to get their daily news stories, sports information and weather forecasts. Yahoo! Is a global network of branded media properties targeting the most attractive audience on the Internet through share interests, demographic and geographic characteristics. Yahoo! is the #1 Internet brand with the widest reach, the largest online audience, the most traffic, and more advertisers than any other web service. Advertising on Yahoo! Asia is one of the easiest ways to promote on the Web. Yahoo! is a pioneer of web advertising and has the knowledge and flexibility to make an advertiser's ad placement reflect a brand's constantly changing needs.
Yahoo! Asia recognizes the power of the Internet to build brand awareness and as a direct marketing tool. Companies that have advertised on Yahoo! Asia includes Intel, Toyota, Hewlett Packard, Philips, Ericsson, IBM, Citibank and Motorola.
About VoIP Telecom Inc.
VoIP Telecom Inc. is a next generation digital telecommunications company focused on the deployment of worldwide digital, voice as well as data communication via fiber optic, Internet circuit (VoIP) satellite and public switched telephone networks. The company's strategic vision is to become a leader in converging conductivity solutions by building a major consortium of the highest quality VoIP entities in order to obtain a significant market share of international long distance traffic in North America, Europe, Asia, Russia and the Middle East.
VoIP Telecom's entry into the fast-paced, highly profitable global telecommunications marketplace is concentrated on VoIP via an acquisitions program, which includes International Communications & Equipment, Inc. (ICE - 100%), Access Network Limited (ACCESS - 100%), and NEX Telecom Co., Ltd. (NEX - 49%).
ICE is a high growth oriented telecommunications company, founded in 1996 in Kirkland, Washington with an aggressive business plan centered on a joint venture agreement to provide VoIP long distance carrier services for 89 regional carriers in Russia. ICE also has commenced negotiations with exchange carriers in Germany to transport traffic to Russia and has identified initial contracts for 3 million minutes per month outbound. Subject to equipment installation, over the next three years ICE estimates achieving at least 500 million voice minutes per year in Russia alone. In addition, ICE has projects pending and alliances forged in Thailand, Malaysia, Ukraine, Poland, Malta, Lebanon, Turkey, Cyprus, Syria, Jordan, Libya, Iran, Iraq, Egypt, Italy, Greece, Frances, Norway, Azerbaijan and Georgia.
ACCESS is a Singaporean enterprise formed in 1999 to take advantage of VoIP and ancillary telecom opportunities in Asia, one of the most explosive digitized telecommunications arenas in the world. The company's business plan calls for a network to be established to handle over 400 million voice minutes annually with expected gross revenues projects to be in excess of $30 million.
Headquartered in Seoul, South Korea, NEX was formed in 1998 to provide a full complement of Internet voice and data services. It is the first international VoIP telecommunications company bearing its own network and service support facilities in Korea. The company currently supplies voice, data, facsimile and Internet-related VoIP telephone services over its network, as well as more enhanced Internet multimedia services via a wide range of transmission media, including its own leased fiber optic cable, satellite and wireless networks.
In January 1999 NEX established the Pacific Asia Telecom Group (PATG) and is acting as a PATG hub. PATG networks have been connected to NEX partners in the United States: Bitro Communications, www.bitro.com; Cosmobridge, www.cosmobridge.com, and iBasis; Japan (Telematrix); China (China Unicom); Hong Kong (oriental Telecom Service); the Philippines (Mainstream); Malaysia (Next Telecom); Australia (Nexcell) and New Zealand (Cosmobridge New Zealand).
This news release may contain certain forward-looking statements with respect to operations and business, the results of which could differ materially from those discussed. Risks and uncertainties are detailed in reports that are filed with the Securities and Exchange Commission by the Company.