NEWPORT BEACH, Calif., May 22, 2000 (PRIMEZONE) -- VoIP Telecom, Inc. (OTCBB:VOPT), a next generation digital telecommunications company, announced today that it has partnered with IBC Inc. to launch a new VoIP (Voice Over Internet) Industry Channel on IBChannel.com "the premier business and finance portal". The VoIP Channel provides business to business and business to consumer Voice over Internet information and resources.
VoIP Telecom, Inc.'s VoIP Channel provides educational and informative content about the company as well as other Voice over Internet products and services from VoIP Telecom, Inc.'s partners Clarent (Nasdaq:CLRN) and iBasis. Additional resources on the VoIP Channel include VoIP software from Net2Phone (Nasdaq:NTOP), VoIP e-commerce from PriceSmart and Deltathree and links to VoIP industry research from Cisco (Nasdaq:CSCO) and Tekelec.
Matthew Marcus, IBC CEO stated "VoIP Telecom is focused on building out its IP network through acquisitions and strategic investments. The VoIP Channel is an effective and efficient way to communicate the company's evolution to the public. Additionally, it will serve as a conduit to networking with other VoIP related entities and accelerate the company's goal of building a global VoIP industry consortium."
According to VoIP Telecom, Inc. CEO A. 'Sandy' Anderson "The VoIP Channel serves as a catalyst for enabling our customers and shareholders to participate in and help facilitate the build out of our global VoIP network. Being that VoIP is an emerging technology, the VoIP channel is an excellent way to educate and inform the public of this cutting edge technology."
VoIP based networks are lower cost alternatives to traditional long distance calling solutions. According to Gartner Group's Dataquest -- the global 'Voice-over-Packet Services' market will grow to $87 Billion by 2004, and retail VoIP services are expected to boom from $443 million in 1999 to $19 billion in 2004.
About VoIP Telecom Inc.
VoIP Telecom is focused on the deployment of worldwide digital, voice and data communications via VoIP, fiber optic, Internet circuit, satellite and public switched telephone networks. The company's strategic vision is to become a leader in converging conductivity solutions by building a major consortium of the highest quality VoIP entities in order to obtain a significant market share of international long distance traffic in North America, Europe, Asia, Russia, China and the Middle East.
VoIP Telecom's entry into the fast-paced, highly profitable global telecommunications marketplace is concentrated on VoIP via an acquisitions program to include two companies which operate as 100% subsidiaries (ACCESS Network Limited (ACCESS) and International Communications & Equipment (ICE)), and one company in which a 49% interest will be evident is NEX Telecom Co. Ltd. (NEX).
ACCESS is a Singaporean enterprise formed in 1999 to take advantage of VoIP and ancillary telecom opportunities in Asia, one of the most explosive digitized telecommunications arenas in the world. The company's business plan calls for a network to be established to handle over 400 million voice minutes annually with expected gross revenues projected to be in excess of $30 million.
ICE is a high growth oriented telecommunications company, founded in 1996 in Kirkland, Washington, with an aggressive business plan centered on a joint venture agreement to provide VoIP long distance carrier services for 89 regional carriers in Russia. ICE also has commenced negotiations with exchange carriers in Germany to transport traffic to Russia and has identified initial contracts for 3 million minutes per month outbound. Subject to equipment installation, over the next three years ICE estimates achieving at least 500 million voice minutes per year in Russia alone. In addition, ICE has projects pending and alliances forged in Thailand, Malaysia, Ukraine, Poland, Malta, Lebanon, Turkey, Cyprus, Syria, Jordan, Libya, Iran, Iraq, Egypt, Italy, Greece, France, Norway, Azerbaijan and Georgia.
With headquarters in Seoul, NEX was formed in 1998 to provide a full complement of Internet voice and data services. It is the first international VoIP telecommunications company bearing its own network and service supporting facilities in Korea. The company currently supplies voice, data, facsimile and Internet-related VoIP telephone services over its network, as well as more enhanced Internet multimedia services via a wide range of transmission media, including its own leased fiber optic cable, satellite and wireless networks. In January 1999 NEX established the Pacific Asia Telecom Group (PATG), and is acting as a PATG hub. PATG networks have been connected to NEX partners in the United States: Bitro Communications, www.bitro.com; Cosmobridge, www.cosmobridge.com , and iBasis. Japan (Telematrix); China (China Unicom); Hong Kong (oriental Telecom Services); The Philippines (Mainstream); Malaysia (Next Telecom); Australia (Nexcell) and New Zealand (Cosmobridge New Zealand).
About IBC
IBC's flagship business and finance portal, ibchannel.com, is one of the most well known destinations on the Internet. IBChannel.com has aligned with premier media companies including CNBC, Bloomberg, Raging Bull, The Street, and CNN, as well as the highest quality online financial content providers IPO.com, Morningstar, MarketXT, and StockPoint, to name a few.
IBC Inc.'s business model is an innovative twist on traditional venture capital companies. Similar to Idealabs!, IBC is an e-business development bank that consults, incubates, develops, and grows global emerging growth companies in exchange for equity.
Additionally, IBC provides turnkey operational solutions to deriving revenues and enhancing public awareness for its partners by implementing advertising, marketing, media placement, strategic partnerships, and branding strategies.
Since 1997, IBC's has retained equity positions in clients including VoIP Telecom MedCom USA, Usurf America , WAMEX , Xpedian and INFE.com.