WHITE PLAINS, N.Y., Jan. 30, 2007 (PRIME NEWSWIRE) -- Vocalscape Networks, Inc. (OTCBB:VOSC) (Vocalscape), with Peoplefone AG announced today that Vocalscape has acquired a stake in Peoplefone AG. Vocalscape Networks, Inc. will receive 2.1 million shares equal to a 6.32% stake in the company for the development of the Peoplefone Voice over IP (VoIP) system.
Peoplefone AG is active in the telecom area and sells hardware, software and telecom services for VoIP applications. Peoplefone AG owns 100% of Peoplefone Internet Telephonie GmbH in Vienna, Austria. Peoplefone AG operates VoIP networks in Austria and Switzerland. Peoplefone service is distributed through the Peoplefone website (peoplefone.com or peoplefone.ch) as well as at big box retail stores such as Media Markt and Saturn-Finlialen.
Since the launch of the original Peoplefone VoIP service in Switzerland in September of 2005 and the launch of their service in Austria in September of 2006, Peoplefone has experienced amazing growth. In the period between January and September of 2006, network usage and number of registered customers have more than doubled.
"The stake in Peoplefone gives Vocalscape a growing foothold in the European marketplace and complements the company's stake holdings in France and Guadeloupe," said Ron McIntyre, President of Vocalscape. "The success of the Peoplefone network as evidenced by their excellent growth rate makes this relationship all the more exciting."
"Vocalscape's Voice over IP technology gives Peoplefone a great advantage by allowing us to offer not only extremely cost effective service but also many features such as free in-network calls and web voicemail that are simply not available from more expensive traditional carriers," commented Christophe Beaud, Chairman and CEO of Peoplefone AG. "We have been extremely satisfied with the quality of Vocalscape's technology and their attentive support."
About Peoplefone AG
Peoplefone AG is licensed as a Swiss Telecommunications and Austrian Telecommunications company and is involved in the penetration of the retail mass market by providing VoIP with computer and non-computer devices to the end-user. Peoplefone AG offers Voice over IP (VoIP) services with exceptional rates. Clients get Swiss and Austrian numbers and voicemail to e-mail. Registration is free. Peoplefone devices like USB Phones are available in Swiss and Austrian Media Markt and Saturn-Finlialen. www.peoplefone.com.
About Vocalscape Networks, Inc.
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 turnkey VoIP infrastructure for ISPs, ITSPs and Telecommunications companies. For more information, please visit: www.vocalscape.com
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