VANCOUVER, British Columbia, June 14, 2004 (PRIMEZONE) -- Today's price fluctuations of the Company's shares underline the fact that VoIPMDU.COM (Pink Sheets:VPMD) is involved in the one of the most rapidly growing segments of the telecommunications industry . . . Voice Over Internet Protocol (VoIP). The Company's development of its VoIP product suite, its billing platform, its recent alignment with its venture partner, INSINC (www.insinc.com) for the past 18 months are all valid reasons to illustrate the fact that the Company's share price has been extremely undervalued for several months.
The Company confirms that it is continuing to finalize negotiations with a major North American company and its 250,000 active member database for the marketing of its VoIP Softphone Program, its analog telephone adaptor (ATA), IP phones and Gateway products. (See Press Release dated June 1st, 2004, "VoIP Fine Tunes Its Softphone Program...") and a previous release dated March 16th, 2004, ("VoIPMDU.COM Closing Negotiations with Major Client For Marketing of its Softphone System...")
VoIPMDU.COM and INSINC are presently establishing a helpdesk call center to support end-user installations of their next-generation VoIP analog telephones. Support will also be offered for Softphone configurations, enabling users to directly hook up their computers to VoIP technology, similar to successful telephony systems now deployed by such companies as Yak Communications and Net2Phone.
The Company expects to announce several developments as they occur this week. VoIPMDU.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. Further developments will appear on the Company's website, www.voipmdu.com, which is presently under construction.
For more information, please contact Rikor Morginn at (604) 646-5626, email at rikor@voipmdu.com.