VANCOUVER, British Columbia, May 28, 2004 (PRIMEZONE) -- VoIP MDU.COM (Pink Sheets:VPMD) today announced that the company has entered into a joint venture relationship with INSINC to facilitate the launch its state-of-the-art VoIP and Softphone Program to over 250,000 potential subscribers from a major North American company's database.
Under the terms of the agreement, INSINC will provide a wide range of business relationships and network infrastructure components including access to its world-wide Internet distribution system that accesses over 15,000 servers in over 65 countries. The INSINC network will provide World-class Tier 1 Network access and offer a full range of connectivity services including ADSL, SDSL, ISDN, T1, Ethernet, Fast Ethernet Gigabit Ethernet, DS-3, satellite and ATM services.
VoIP MDU.COM and INSINC are establishing a helpdesk call centre to support end-user installations of their next-generation VoIP analog telephone adaptor (ATA) units. Support will also be offered for Softphone configuration enabling users to directly hook up their computer to VoIP technology. The monthly subscriber rate will be $14.95 USD per month for the basic service which will include toll-free calling minutes across North America. VoIP MDU.COM expects this joint venture to enhance revenue levels with additional features including prepaid telephone cards, long distance, video streaming and conferencing.
"This is an extremely exciting relationship," commented Richard Kipping, CEO and President of VoIP MDU.COM, "the value proposition and experience that INSINC brings to our offering will enable us to scale quickly and effectively - both operationally and strategically. This venture will help us accelerate our entry into the VoIP world."
INSINC, a pioneer in the delivery of streaming media, is excited about the prospects of leveraging their network for VoIP applications. Hugh Dobbie, President of INSINC states, "We've enjoyed success with Internet video distribution and MDU (Multiple Dwelling Unit) installations -- working with VoIP MDU will generate exciting new areas for growth into a much broader marketplace."
INSINC's network operations center in Burnaby, BC, will expand facilities to accommodate the new business expected to be generated by the VoIP MDU initiative. INSINC will manage switch partitioning, co-location requirements, network operation services, and wholesale VoIP long distance termination and origination requirements.
About VoIPMDU
VoIP MDU.COM is a broadband VoIP telecom company offering local and long distance VoIP services and video on demand to consumers, business owners and multiple dwelling unit buildings. The Company provides turnkey solutions for all of its voice/video/data applications including a state-of-the-art billing platform. The company's website is currently under development.
About INSINC
INSINC was formed in 1997 to take advantage of opportunities created by the emergence of real-time streaming and TCP/IP-based communication technologies. A privately held company, it has spent the last six years developing the networking capabilities, software tools, production facilities and human resources to deliver first class IP-based communication solutions to corporate and media clients such as: CTV, United Nations, General Motors, Canadian Press, Compaq, Government of Canada (The Department of Foreign Affairs & International Trade), BC Legislature (Hansard), Woodbine Entertainment, IBM, Scotia Capital, Hewlett Packard, and Canadian Idol. The company's website is http://www.insinc.com.
For further information contact: Richard Kipping VoIP MDU.COM, CEO and President Ph: (604) 723-8750 E-mail: rkipping@telus.net Rikor Morginn VoIP MDU.COM, Investor Relations Ph: (604) 646-5626 E-mail: rikor@morginn.com
Safe Harbor:
The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Some information included in this press release contains statements that are forward-looking. Such forward-looking information involves significant risks and uncertainties that could affect anticipated results in the future and accordingly, these results may differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. For a description of additional risks and uncertainties, please refer to the Company's filings with the Securities and Exchange Commission. (http://www.sec.gov), including the Company's recently filed From 10KSB.