SEATTLE, May 17, 2005 (PRIMEZONE) -- The transportation industry is discovering the benefits of using Innovative Communications Technologies' (Pink Sheets:ICTN) GPTN (Global Private Telecommunications Network) and Private800 products. Two of ICT's most recent business customers in this sector taking advantage of the typical 50% cost savings are The Peterson Company, Auburn, WA, a Northwest and national distributor of fine imported and domestic foods and Puget Sound Freight Lines, Seattle, WA, a regional and national truckload carrier of general freight commodities and bulk wood residuals.
"I was fairly reluctant to change anything with my phone service," says Brian Lyden, Vice President of Human Resources for the Peterson Company. "Everything was fine and there were no real issues. After several conversations with Innovative, I decided to take advantage of the savings. The changeover took about 45 minutes. It was absolutely seamless and the proposed savings have been real."
"The installation process was complex because we were also making changes to our operations," says Gerry Henson, Information Systems Director for Puget Sound Freight Lines. "Innovative's technical team assisted in the planning as we mapped out the future of our telecommunications network to compliment our changing infrastructure. We now have a network that supports our needs and our company is experiencing a considerable cost savings through Innovative's GPTN and Private800 networks."
Further notable customers in this category include Martins Feed, Inc. and Morse Steel Service.
About the Company
Since 1989, Innovative has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative's proprietary technology and alliances with industry leaders now place the company at the forefront of the telecommunications industry. The GPTN and Private800 technology combines proprietary leading-edge packet switching technology and dedicated fiber optic networks with Innovative's Voice Over Packetization Technology (VOPT). VOPT uses packet switching instead of traditional circuit switching when routing calls. Customers use their existing equipment and pay only a fixed monthly rate eliminating per-minute billing and the long-distance carrier. For more information visit the company's website at www.ict.net
Safe harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its products or services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
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