Shift Enjoys Continued Record Subscriber Growth for Business VoIP Services in February5 March 2005
Shift Networks Inc. (SHF: TSX-V) today announced preliminary sales results for February, 2005. Shift reports committed orders for 169 new subscriber lines in February, a significant increase from January's record sales of 108 new subscriber lines. Shift's total number of subscribers has more than doubled in the first two months of 2005.
"We've exceeded our aggressive growth plan number for February and demonstrated increased acceptance as business customers begin to recognize the tremendous benefits of Shift's business telephone services. Our market intelligence indicates that relative to the size of the Alberta market served, Shift is the current national leader in providing hosted VoIP services to small-to-medium sized businesses," said Shift President and CEO Trent Johnsen.
"Emerging VoIP service providers are receiving significant valuations in U.S. capital markets based on the growth opportunity," comments Johnsen. Leading industry analysts continue to identify small-to-medium sized businesses as the key growth sector for hosted VoIP services, which is Shift's primary market (see Shift releases: September 22, 2004 and October 7, 2004). "The cable companies, telcos, and new entrants such as Vonage focus on the retail consumer markets, but their offerings do not compete with Shift's multi-line business services," Johnsen added.
Shift Networks--"More than just Talk". Shift Networks provides small and medium business customers control, simplicity and savings with a unique new generation of managed Voice over IP (VoIP) telephone services that eliminate the need for traditional customer premise-based telephone systems (Key systems or PBX). Shift provides high quality digital, business class, hosted, VoIP multi-line telephone services over high speed, secure data connections that are administered through a web browser. Shift currently provides service in the (403) and (780) area codes of Calgary and Edmonton. Shift Networks trades on the TSX Venture Exchange under the symbol "SHF". Please visit our website at www.shiftnetworks.com.
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.
For further information: please contact: Press & Media: Christian Darbyshire, (866) 963-8749, tinepublic@rogers.com; Cavalcanti Hume Funfer: Investor Relations Counsel, Cathy Hume, CEO, (416) 868-1079 ext. 231, cathy@chfir.com; Shift Networks Inc.: Trent Johnsen, President and CEO, (403) 355-2703, tjohnsen@shiftnetworks.com
Source: CNW Group
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