Vistula Communications Is Selected by Northamber PLC for the Sale and Distribution of Its IP-PBX VoIP Platform in the UK17 February 2007
Vistula Limited, a wholly owned subsidiary of Vistula Communications Services, Inc. (OTC Bulletin Board: VSTL) (http://www.vistula.com), a global supplier of flexible and reliable Voice over IP ("VoIP") services to major telecommunications carriers and Internet Service Providers, announced today that it has signed a distribution agreement with Northamber PLC to sell its IP-PBX solutions to customers of Northamber PLC in the United Kingdom.
With annual turnover in excess of US$400 million, Northamber PLC is the UK's longest established and largest trade-only distributor of IT products and equipment.
Northamber will offer a Hosted IP-PBX product using Vistula's V-Cube(TM) platform. The V-Cube platform is a uniquely feature-rich Internet Protocol P-B-X, or "IP-PBX," that facilitates full contact communication services including voice, video, conferencing, call center, multi/sub-domain and unified messaging across both enterprise and public networks. The Hosted IP-PBX product will be sold via Northamber's unique network of 6,000 distributors and Master Agents in the UK.
Under the agreement Vistula will host the service and provide Tier 2 and Tier 3 level support to Northamber's distributors and customers.
Rupert Galliers-Pratt, Chairman and CEO of Vistula commented, "This contract generates immediate cash flow from sales achieved as opposed to the deferred revenue from the partnerships that we have historically entered into with leading Telco's. Vistula gets paid at point of sale and therefore receives direct revenues each time an IP-PBX is ordered by a customer. Northamber has long established a successful distribution channel selling large numbers of PBX's each year."
Henry Matthews, Managing Director of the Northamber group said, "The future of telephony lies in the IP domain. We recognize that in order to continue to achieve strong growth in this segment of the market we required an IP-PBX solution. After careful study of the competitive product offerings we chose Vistula's V-Cube IP-PBX as the core product to deliver to our customers. Vistula's IP-PBX provides us with a proven multi-faceted technology platform at a price point that will drive sales in volume in our core markets. We see this as a big opportunity for both companies and for our customers."
About Northamber PLC
Formed in 1980, Northamber PLC is the longest-established and widely recognized as the largest UK-owned trade-only distributor of IT and communications equipment in the UK. With strategic alliances with over 100 of the industry's market-leading manufacturers, Northamber's comprehensive range now encompasses Servers, Storage, Security, Laptop and Desktop PCs, Printers, Software, Networking and Components, thus covering the entire information technology and communications requirements of the SME/SMB market. With such a wide product portfolio backed by acknowledged logistical excellence, Northamber has become the UK's IT distribution partner of choice, as over 5,000 actively trading resellers will attest. For further information, visit http://www.northamber.com
About Vistula
Vistula (http://www.vistula.com) is an international telecommunications company providing hosted, managed VoIP (Voice over Internet Protocol) services to carriers, service providers and transit network operators. Vistula's product suite features solutions that enable telecommunications providers to rapidly deploy VoIP services over converged infrastructure through an integrated applications suite. Vistula trades on the OTCBB under the symbol: VSTL.
"Forward-Looking Statements"
This press release contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, which reflect management's expectations regarding future events and speak only as of the date hereof. Our actual results, performance or achievements may differ significantly from the results, performance or achievements discussed in or implied by the forward-looking statements. Factors that could cause such a difference include material changes in our business or prospects, difficulties obtaining financing to fund our operations, failure to establish brand recognition for our products, failure to retain existing customers or attract new customers, failure to compete effectively in our industry, general market and economic conditions, and other factors that are detailed from time to time in Vistula's SEC reports, including those detailed in our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2005. Vistula disclaims any intent or obligation to update any forward-looking statements.
Source: prnewswire
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