| [October 19, 2004] |
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VoIP, Inc. Signs Virtual Service Provider Deal with Cable Company
BOSTON --(Business Wire)-- Oct. 19, 2004 -- Signaling the start of a technological shift that will change the cable industry--one of the biggest and most important industries in the US economy
VoIP, Inc. (OTCBB:VOII) today announced at the Fall VON 2004 conference that it has signed a Virtual Service Provider contract with J & N Cable Systems a Private Cable Operator (PCO) located in the western US serving 10 cities in 2 states. J & N Cable Systems will offer voice over IP (VoIP) telephone service to its customer base, allowing those customers to bypass traditional phone companies, signaling the start of a technological shift that could change the cable industry--one of the biggest and most important industries in the US economy.
J & N Cable Systems is a member of the National Cable Television Cooperative (www.cabletvcoop.org), a consortium of 1,100 smaller cable companies with about 14 million subscribers nationwide. Clive Raines, President of International Operations of VoIP, Inc. said, "VoIP Solutions is one of the first to give smaller cable companies the ability to be a viable competitor to local phone services. VoIP, Inc. is proving its business model and the ability to execute with this signed contract. As stated two weeks ago VoIP, Inc will provide wholesale Internet phone services to small cable companies in what it hopes will be a string of deals with some of the 1,100 smaller U.S. cable companies".
"We see a growing demand from mid-sized and smaller network service providers in the area of VoIP, but the high price of operating a soft switch, termination network, billing system, and the related staffing is typically outside the cost effective range for these service providers. Our program is designed to be a economical and efficient solution for these providers, enabling them to begin offering VoIP to their clients quickly and without a large investment of their time or money; We offer cable companies a way to sell phone service without the cost of investment in new systems or the learning curve or time to market problems while allowing the cable operators to retain ownership of their customers unlike reseller models from other voice providers. Cable companies realize that if they don't offer voice services, they'll allow (the Bells) and the incumbent phone companies to come in with a triple-play offering and hurt their business in a lot of ways it's seen as a defensive move, as protecting their embedded base of customers," commented CEO, Steven Ivester.
Cable companies have begun launching voice services just as the Bells have moved into video, reselling satellite television services and building their own video networks. Both industries expect a growing number of consumers over the next few years to buy a bundle of voice, video and high-speed data services from one company.
The cable companies are hoping to tap into the $200 billion U.S. telephone market by offering a myriad of bundled service options that promise to expand revenue per subscriber for carriers and pass on significant savings to consumers.
About VoIP, Inc. www.voipincorporated.com
VoIP, Inc. is an emerging global service provider of superior quality Voice over IP based solutions offering residential and business customers more user friendly and affordable ways to communicate. VoIP, Inc. also manufactures products and provides services to Internet Service Providers, Telecommunication Service Providers and Cable Operators in strategic countries around the world. VoIP, Inc, through its subsidiaries, provides a comprehensive portfolio of IP multimedia-based solutions ranging from subscriber based voice services, to SIP based infrastructure design and deployment, to broadband customer premise equipment design and implementation services, as well as engineering design, manufacturing and distribution of wireless broadband technology. VoIP, Inc. has applied for a patent for its state of the art VoIP Multimedia Terminal Adaptor which today supports the FCC Commission's desire for VoIP providers to deliver Emergency 911 Calling, Disability Access, and Law Enforcement Access capabilities to the marketplace.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
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