LOS ANGELES, July 23, 2004 (PRIMEZONE) -- Yap International, Inc. (Pink Sheets:JCGP) (The Company) announced that it has obtained the world marketing rights for a patented technology that turns any standard "push button" telephone into a Voice Over Internet Protocol (VoIP) phone without the need of a computer or broadband Internet connection. The patented "Double Packetization," is the next generation technology in VoIP that offers a discounted domestic and international long distance telephone service to consumers worldwide.
"The Yapper" is a stand alone Internet communications device that connects to any standard push button telephone and gives customers access to the Internet for VoIP calling without the need of a computer or broadband Internet connection. As soon as "The Yapper" is plugged in to the telephone, the consumer can start benefiting from the incredible cost savings of VoIP worldwide. No technical training, or computer experience is required.
The proprietary technology called "double-packetization" was originally developed by Los Angeles based FoneFriend Systems, Inc, and stems from the culmination of five years and over $3 million in Research and Development.
Double-Packetization, eliminates voice drop out and lag providing exceptional sound quality, superior to other VoIP products on the market. The technology has been successfully beta tested in 20 different countries. In total there are 47 innovations that make "The Yapper" unique, which currently is protected by 4 United States patents, with International applications applied for.
The global telecommunications market currently equates to an estimated $750 billion per year. With over 1.1 billion landline telephones in the world (almost ten times the number of broadband subscribers), the market for "The Yapper" is significantly greater than its competitors, who offer VoIP calling dependant on computers and broadband connectivity.
"We believe that this unique innovation will allow for market penetration in regions where consumers want to benefit from VoIP savings, but do not have the financial means to purchase an entire computer system in order to participate," concluded James G. Revels, III, VP of Sales for Yap International Inc.
About Yap International, Inc.
Yap International, Inc. is a multi-national Internet communications Company committed to the development of cost effective telecommunications through Voice Over Internet Protocol (VoIP) technologies. Through its proprietary, patented "double-packetization" technology, The Company is committed to providing international long distance discount services to both business and residential customers.
FOR FURTHER INFORMATION: Contact: (604) 601-8432 http://www.yapinternational.com/ Email: info@yapinternational.com
Legal Notice Regarding Forward Looking Statements
This press release contains "forward looking statements" including forward looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, plans, expectations or intentions concerning the future. Forward looking statements in this press release include statements regarding the Company's anticipation that it can successfully raise the capital necessary to commercialize and exploit the proprietary technology called "double-packetization," with or without an equity offering.
It is important to note that the Corporation's actual outcomes may differ materially from those contained in the forward looking statements contained in this press release. Although the Corporation believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures outlined in the Corporations public filings with the Securities and Exchange Commission.