[January 10, 2005] iBasis Receives INTERNET TELEPHONY Magazine's ''Product of the Year'' Award for 2004; iBasis DirectVoIP Honored for Outstanding Innovation Tweet BURLINGTON, Mass. --(Business Wire)-- Jan. 10, 2005 -- iBasis (OTCBB: IBAS), a leader in international long distance, VoIP, and prepaid calling cards, announced today that Technology Marketing Corporation (TMC(R))'s INTERNET TELEPHONY(R) magazine has named iBasis DirectVoIP(TM) as a recipient of a 2004 Product of the Year Award. INTERNET TELEPHONY magazine has been an important source of news and analysis regarding the VoIP market since 1998. DirectVoIP is a service designed to simplify and accelerate carriers' implementation of direct VoIP interconnections to the iBasis global network for international voice service. Carriers that implement DirectVoIP interconnections benefit from the lower capital and operational costs of VoIP, as well as immediate access to iBasis' global VoIP network, which comprises more than 100 on-net countries and carries billions of minutes of international traffic annually. Carriers taking advantage of DirectVoIP also leverage iBasis' interoperability with a broad range of VoIP infrastructure equipment. Gateways, gatekeepers, softswitches, and session border controllers from more than 20 vendors have been DirectVoIP Certified following testing in iBasis' interoperability labs and are being used in international traffic exchange over the iBasis Network today. "We're very proud to receive this award for our DirectVoIP service, which has enjoyed great success with many iBasis carrier customers who are today benefiting from the cost-efficiencies of our DirectVoIP capabilities," said Paul Floyd, senior vice president of Research and Development at iBasis. "As more and more service providers of all types, including local carriers, mobile carriers, and emerging voice over broadband carriers, seek to take advantage of VoIP, we continue to enhance our DirectVoIP offerings to provide fast and reliable IP interconnect solutions." The Product of the Year Award winners for 2004 will be published in the January 2005 issue of INTERNET TELEPHONY magazine. About iBasis Founded in 1996, iBasis (OTCBB: IBAS) is a leading wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services, including the Pingo(R) web-based offering and disposable calling cards, which are sold through major distributors and available at retail stores throughout the U.S. iBasis customers include many of the largest telecommunications carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, MCI, Sprint, Telefonica, Telenor, and Telstra. iBasis has carried more than ten billion minutes of international VoIP traffic over its global Cisco Powered(TM) network, and is one of the ten largest carriers of international voice traffic in the world(1). For three consecutive years service providers have named the Company as the best international wholesale carrier in ATLANTIC-ACM's annual International Wholesale Carrier Report Card(2). iBasis was also ranked the #1 fastest-growing technology company in New England in the 2002 and 2003 Technology Fast 50 programs sponsored by Deloitte & Touche. The Company can be reached at its worldwide headquarters in Burlington, Massachusetts, USA at 781-505-7500 or on the Internet at www.ibasis.com. About TMC(R) Celebrating more than 30 years as a leading publisher, Technology Marketing Corporation (TMC(R)) publishes Customer Inter@ction Solutions(R) and INTERNET TELEPHONY(R) magazines, Web portal TMCnet.com, and the online publications SIP(TM), Speech-World(TM), VoIP Developer(TM), WiFi Telephony(TM), WiMAX(TM), Alternative Power(TM) and BiometriTech(TM). TMC(R) is also the first publisher to test new products in its own on-site laboratories, TMC(R) Labs. TMC(R) produces INTERNET TELEPHONY(R) Conference & EXPO, VoIP Developer Conference(TM) and Global Call Center Outsourcing Summit(TM). TMC offers live and online certification programs through TMC University. TMCnet.com publishes more than 14 online newsletters. Visit www.tmcnet.com for details. iBasis and Pingo are registered marks, DirectVoIP and The iBasis Network are trademarks of iBasis, Inc. Cisco Powered is a registered trademark of Cisco Systems, Inc. All other trademarks are the property of their respective owners. Except for historical information, all of the expectations, projections and assumptions contained in the foregoing press release, including those relating to the company's current expectations regarding revenue growth, sources of revenue, margin improvement, profitability, future capital expenditures, and cash flows constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, (i) the extent of adoption of the company's services and the timing and amount of revenue and margin generated by these services; (ii) fluctuations in the market for and pricing of these services; and (iii) the other considerations described as "Risk Factors" in the Company's most recent Forms 10-K and 10-Q, and the company's other SEC filings. We have no current intention to update any forward-looking statements. (1)Telegeography 2004 data compared with iBasis annualized Q3 2004 traffic volume. (2)ATLANTIC-ACM International Wholesale Carrier Report Card - 2002, 2003, & 2004. [ Back To TMCnet.com's Homepage ]