| [May 05, 2005] |
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Secured Digital to Launch Innovative VoIP Service Integrating Landline Calls with Internet Network
NEW YORK --(Business Wire)-- May 5, 2005 -- Secured Digital Applications, Inc. (OTCBB:SDGL) today announced the introduction of an innovative Voice Over Internet Protocol (VoIP) based calling card service that will use the wireless broadband network that the company is licensed to operate in Malaysia to transmit land-based calls using VoIP technology.
The service will be implemented in the third quarter of 2005 in the central Malaysia region with expansion planned into other regions later in the year. The service uses proximity cards and readers to hand off telephone calls initiated on ordinary land-based switched services (known as "Plain Old Telephone Service" or "POTS") to the VoIP network at significantly reduced costs to consumers. The reader will be used to identify the caller and to transmit customer information and security codes to the company's VoIP network.
The proximity cards and readers were developed by Innospective Sdn Bhd, a subsidiary of Secured Digital, and can be installed on any telephone using POTS service. The consumer passes a calling card with proximity technology near the proximity reader to activate the reader, which then recognizes long-distance telephone calls, securely connects to the VoIP network, and transfers the POTS call to the VoIP network.
The VoIP network is being introduced through a broadband license held by Perwimas Telecommunications Sdn Bhd, another subsidiary of Secured Digital. The license is presently used for the company's Visionet wireless broadband service and to provide backhaul network services to third-party providers.
"We believe that our ability to seamlessly convert POTS calls into calls using the VoIP network is a competitive niche that will provide us with entry into a rapidly growing area of the telecommunications industry," said Patrick Lim, Chairman and CEO of Secured Digital. "This strategy enables us to focus on customers and markets that do not have access to the broadband Internet service that normally is required for VoIP service."
The company said that it expects to generate $3.2 million in revenue through 2005 from sales of the cards and readers, through call revenue and through contracts for support services.
About Secured Digital Applications:
Secured Digital Applications, Inc. (formerly known as Digital Broadband Networks, Inc.) and its subsidiaries are involved in the development of practical applications for digital technology in home and industry. The SDGL companies include businesses that focus on the integration and provision of secured shipping and supply chain management service; the sale of biometrics security systems; and development of Web based interactive multimedia content; systems integration, servicing of computers, the sale of the EyStar SmartHome Management System, broadband modems, IP cameras, Apple computers and peripherals. For more information, please visit www.digitalapps.net, www.eystar.com and www.gallant-it.com.my.
Safe Harbor Statement:
Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to, management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Secured Digital Applications, Inc. does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission. Investors should carefully consider the preceding information before making an investment in the common stock of the Company.
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