CHICAGO, June 26, 2008 (PRIME NEWSWIRE) -- Neutral Tandem, Inc. (Nasdaq:TNDM) today announced that it has reached an important milestone, having delivered more than 100 billion minutes of voice traffic since the company commenced operations in February 2004. Neutral Tandem is a leading provider of managed tandem interconnection services.
"Surpassing the 100 billion minute threshold in such a short period represents a significant milestone that speaks to the strength of Neutral Tandem's employees and the trust placed in us by the carriers who use our services," said Rian Wren, President and Chief Executive Officer of Neutral Tandem. "Our plan to commence service in 25 additional markets in 2008 positions us to continue to serve our customers' growing needs for cost effective and technologically advanced solutions."
Neutral Tandem recently announced that its managed tandem interconnection services were available in 71 markets as of March 31, 2008 and that it could route traffic to over 298 million telephone numbers assigned to competitive carriers in the United States. In the first quarter of 2008, Neutral Tandem delivered 12.9 billion minutes of traffic.
About Neutral Tandem, Inc.
Headquartered in Chicago, Neutral Tandem, Inc. is a leading provider of tandem services to wireless, wireline, cable and broadband providers. Founded in 2003, Neutral Tandem facilitates inter-carrier communications with a cost-effective alternative to the Incumbent Local Exchange Carrier (ILEC) network. Neutral Tandem's solutions build redundancy, security and operational efficiencies into the nation's telecommunications infrastructure. As of March 31, 2008, Neutral Tandem was capable of connecting approximately 298 million telephone numbers assigned to carriers. Please visit Neutral Tandem's website at: www.neutraltandem.com
The Neutral Tandem Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3797
Cautions Concerning Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem's strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Neutral Tandem may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Neutral Tandem makes. Neutral Tandem has included important risk factors in the cautionary statements included in Neutral Tandem's reports filed with the Securities and Exchange Commission ("SEC"), particularly in the "Risk Factors" section of the Company's prospectus filed on March 28, 2008 pursuant to Rule 424 promulgated under the Securities Act of 1933, as amended, and available on its website, that Neutral Tandem believes could cause actual results or events to differ materially from the forward-looking statements in this press release. Neutral Tandem does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.