Vocalscape Networks Signs a Letter of Intent to Acquire 100% of Azatel Communications Inc.19 February 2006
Vocalscape Networks, Inc. (OTC Bulletin Board: VOSC) announced today that it has executed a Letter of Intent to Acquire 100% of Azatel Communications.
In connection with the transaction contemplated by the Letter of Intent, Vocalscape Networks Inc. will buy 100% of Azatel Communications Inc. by either an asset purchase agreement or a stock purchase agreement.
Mr. Ryan Gibson, Vice President of Vocalscape commented, "We have been actively looking for an acquisition within the hardware business that enabled lower cost analogue telephone adapters and IP phones for clients and the VoIP marketplace in general. Having a physical product will increase the presence of Vocalscape globally and complement our software and services. Azatel has displayed a high level of quality of service with their products, we look forward to adding our knowledge of the industry to their management and executing an exciting future together. The product enables our often one-time license fees for billing and turn-key systems to have a fantastic residual opportunity in hardware and support."
Mr. Derek Herman, CEO and Founder of Azatel Communications Inc. commented, "Our management team is excited to work with the Vocalscape Solution Sales team to expand the channels of sales and distribution opportunities globally. We feel that Vocalscape Networks software solution is the best solution in the market to complement our hardware and look forward to working under one roof with their team. This has been a long awaited strategic move for Azatel to find the right partner to expand globally with."
About Vocalscape
Vocalscape provides VoIP telephony solutions and communications software for Internet Service Providers ("ISPs"), Internet Telephony Service Providers ("ITSPs") and Telecommunications companies worldwide. Vocalscape develops VoIP and interactive communications software including Soft phone applications, Customer Acquisition and Billing Systems, SIP Servers, Gatekeepers and Virtual Calling Cards. Vocalscape's strategy is to focus on VoIP software and Long Distance termination solutions that bring together a full range of communications solutions and services thereby providing a turn-key VoIP infrastructure for ISPs, ITSPs and Telecommunications companies. http://www.Vocalscape.com
About Azatel Communications Inc.
Azatel manufactures, develops and integrates the highest quality communications hardware for Media Terminal Adapters, Soft Switches, Session Controllers, H.323 to SIP Interworking, OSP and IPTV/Video on Demand solutions enabling our partners to deploy complete end to end IP Voice, Video & Data solutions. Azatel has serviced and supplied products for use by such companies as Primus International and Lingo, Isolux, Entel Chile, Aethra Italy, Babytel, Internet GlobalPhone, and many other smaller providers.
Safe Harbor Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties.
Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Vocalscape operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Vocalscape's mission and vision. Vocalscape's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
Contact Information
Ryan Gibson, VP
Gibson@vocalscape.com
P. 604-696-6313
F. 604-696-6315
http://www.vocalscape.com
Source: prnewswire
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