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ITXC Sues Acceris for Patent Infringement PRINCETON, N.J. --(Business Wire)-- May 7, 2004 -- ITXC Corp. (NASDAQ:ITXC) today announced that it has filed a lawsuit against Acceris Communications Technologies, Inc. and Acceris Communications, Inc. for infringement of a number of ITXC's patents relating to voice over internet protocol ("VoIP") technology. The suit was commenced in the United States District Court for the District of New Jersey, and alleges infringement of five of ITXC's United States Patents, numbers 5,889,774, 6,026,087, 6,404,864, 6,628,760 and 6,661,878, directed generally to the transmission of telephone calls over the Internet and the completion of telephone calls by switching them off the Internet and onto a public switched telephone network (PSTN).Acceris had previously announced a separate lawsuit alleging that ITXC had infringed Acceris' U.S. Patent No. 6,243,373. ITXC intends to vigorously defend against the allegations of infringement in that case and believes it has substantial defenses to them. About ITXC: ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT, Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including Intelig in Brazil and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile and Smart Communications, leading mobile carriers in their respective markets. ITXC is the global market segment share leader in VoIP international calling and one of the largest international voice carriers of any kind. ITXC's VoIP network connects to circuit networks using switchless ITXC SuperPoPs in London, Frankfurt, Hong Kong, LA, and NJ or using ITXC-managed SNARCs(R) co-located in the customer's central office. ITXC.net connects to VoIP-enabled networks with direct peer VoIP interconnects. Approximately a third of ITXC's current traffic is originated or terminated via a direct VoIP interconnect. ITXC has VoIP interconnects with over 140 carriers or service providers in 60 countries. For more information about ITXC, please visit www.itxc.com Forward-looking statements ITXC has included in this press release forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements concerning the likely outcome of litigation. Actual results could differ materially from those projected in the companies' forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the risks and uncertainties inherent in litigation and other considerations described as "Risk Factors" in Exhibit 99.1 to ITXC's Annual Report on Form 10-K for the year ended December 31, 2003 and in other filings by ITXC with the SEC and in "Risk Factors" in the Registration Statement on Form S-4 filed by Teleglobe. An adverse result in the litigation commenced by Acceris could either result in injunctive relief precluding all or a portion of ITXC's VoIP activity or materially impact ITXC's revenues and profitability. Teleglobe International Holdings Ltd has filed a Registration Statement on Form S-4 (which contains a Proxy Statement/Prospectus) with the Securities and Exchange Commission in connection with the previously announced merger planned between ITXC Corp. and a subsidiary of Teleglobe. In addition, ITXC and Teleglobe have filed other information and documents concerning the merger and their respective businesses with the SEC. WE URGE INVESTORS TO REVIEW THE PROXY STATEMENT/PROSPECTUS AND OTHER INFORMATION FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Any offer of securities will only be made pursuant to the Proxy Statement/ Prospectus. These documents are available without charge on the SEC's web site at www.sec.gov and may be obtained without charge from the SEC at telephone number 1-800-SEC-0330. INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS. ITXC files annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements and other information filed by ITXC at the SEC public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the SEC's other public reference rooms in New York, New York and Chicago, Illinois. Please call the Commission at 1-800-SEC-0330 for further information on public reference rooms. ITXC's filings with the SEC also are available to the public from Commercial document-retrieval services and at the web site maintained by the SEC at http://www.sec.gov. or by contacting ITXC investor relations at 609-750-3333 or [email protected]. The officers and directors of ITXC and Teleglobe may have interests in the merger, some of which may differ from, or may be in addition to, those of the shareholders of ITXC and Teleglobe generally. A description of the interests that the officers and directors of the companies have in the merger is available in the Proxy Statement/Prospectus. |
