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VoIP Inc Announces Asia Pacific Virtual Service Provider Partner9 December 2004
VoIP, Inc. (OTCBB:VOII) today announced that it has signed a Virtual Service Provider (VSP) Agreement with Parrot Communications Ltd., a Hong Kong company. Service will be first launched in the New Zealand market where Parrot has a subsidiary and will be expanded into other markets.
Under the Agreement, VoIP Inc. will supply their proprietary Internet Telephony services so that Parrot can establish services throughout the Asia Pacific region. In addition, VOIP Inc. will be supplying Multimedia Terminal Adaptors (MTA's) from its wholly owned subsidiary, VoIP Solutions Inc. ECommerce, web site applications and customer billing will be outsourced to VoIP Inc. The service will be launched this month primarily to small and medium size businesses initially in New Zealand and Australia with plans to expand operations into Japan and China early next year.
The Parrot web sites and other sales and distribution channels will offer customers a choice of services, rate plans and local telephone numbers. The Agreement will permit Parrot to market Enhanced Services from country to country utilizing Voice Over Internet Protocol. "The VSP service offered by VOIP Inc has enabled Parrot to escalate the launch of our service by several months and significantly reduced our capital cost," commented Greg Young, Parrot's CEO and Managing Director. "VoIP Inc. will customize products and rate plans under our own brand to meet local market conditions and provide us a hybrid turnkey solution that gives us the flexibility to own some network components and outsource others while giving us the option to completely own our infrastructure at a later date."
The integrated VoIP/ADSL functions are extremely important in deploying services in the Southern Hemisphere. "We trialed the service for a period of three months and found the service offered superior voice quality, immediate call completion at remarkably low prices. In addition, the ability to remotely provision customers using VoIP, Inc.'s proprietary provisioning system is very impressive, and one of the key reasons we selected VoIP, Inc. as our strategic partner," said Young.
"This relationship further substantiates our strategy to provide our international partners with enhanced services to be offered in local markets, local currency and local languages. This agreement represents our continuing commitment to International Markets and is one of many that will facilitate our global network services and CPE manufacturing business," commented Steven Ivester, VoIP Inc.'s Chief Executive Officer. "Parrot's senior management team has many years of experience in providing Information Technology services to the Pan Asian market and they have developed an aggressive business model in deploying enhanced services," said Young.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
VoIP, Inc., Fort Lauderdale
Steven Ivester, 954-434-2000
sivester@voipinc.com
www.voipinc.com
or
Media Contact:
Emily Watt, 847-415-9333
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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