Shift Reports 141% Subscriber Growth in First Quarter 200515 April 2005
Shift Networks Inc. (SHF: TSX-V), one of Canada's leading providers of hosted Voice over IP phone services for business, today announced that the Company sold a total of 333 new subscriber lines in the first quarter 2005, up from 138 lines in the fourth quarter, 2004. Each line sale represents a minimum 36-month service contract plus sale of IP telephone, network infrastructure and installation.
"Mass market adoption with a complete changeover to IP communications is expected over the next few years," commented Shift President and CEO Trent Johnsen. "There is a lot of education on the benefits of VoIP taking place in the marketplace. We're seeing rapid implementation of VoIP by some of Canada's largest companies. Shift's unique service offering makes the same features and benefits available and affordable for businesses with 5 to 100 employees per location."
Shift Networks-"More than just Talk". Shift Networks provides small and medium business customers enhanced features, savings and complete control of their business communications 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 Alberta 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 Inc., 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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