Digerati's VAR Program Rollout Gains Momentum
(Marketwire Via Acquire Media NewsEdge) SAN ANTONIO, TX -- (Marketwire) -- 03/28/12 --
Digerati Technologies, Inc. (OTCBB: DTGI) (OTCQB: DTGI), an established and award-winning provider of cloud communication services, today provided an update on its cloud communication services and value-added reseller (VAR) distribution strategy.
Only recently launched at the start of its fiscal year, Digerati's VAR strategy has already proven to be successful. The Company has secured nine qualified value-added resellers that includes an IT compliance consulting and solutions provider serving corporate customers throughout the United States, a leading wireless ISP serving South Texas (ADT Systems), a leading telecommunications services company serving the South Texas region (Starr Telecom), and a rapidly expanding communications provider serving call center operations around the world. The Company now has over thirty-seven customers on its cloud communication network that include a Fortune 500 energy company, a Fortune 500 insurance company, a financial services subsidiary of a NYSE company, a national audio, web and video conferencing service provider and a global call center serving the Fortune 500 market (Beyond Contact Centers). The revenue production from these active accounts has doubled in the last three months and is currently generating approximately 35% of the Company's total monthly gross profits.
The Company previously reported that it has embarked on a cost effective sales and marketing strategy that utilizes VARs as its distribution channel. The VARs that Digerati targets have established relationships with small-to-medium sized businesses which represents a tremendous growth market for the Company's products and services. Digerati's VAR program targets PBX vendors, information technology ("IT") services firms, managed service providers, systems integrators and broadband providers that lack a cloud telephony infrastructure but have an embedded customer base in need of telephony services. Digerati's all-in-one cloud telephony platform and global VoIP network transforms its VARs' business model by giving them the ability to sell an end-to-end solution that includes every component required to roll out a domestic or global telephony application for their customers. Digerati's VAR distribution model augments its carrier-to-carrier distribution model and allows for delivery of higher margin cloud communication services to the enterprise market, primarily the small-to-medium sized business (SMB).
Digerati's platform and global network provides its value-added reseller (VAR) partners with innovative cloud telephony functionality that allows their customers to communicate cost-effectively on a global scale. With a robust carrier-class network built over the course of a decade and over 200 global partners, Digerati's infrastructure provides their VARs with clear pricing and call quality advantages to meet their customers' voice and video transport needs.
Digerati is a three-time recipient of Deloitte and Touche's Fast 500 Award for recognition as one of the 500 fastest growing technology companies in North America. Digerati is meeting the global needs of businesses that are seeking simple, flexible, and cost-effective communication solutions. Digerati's cloud-based services include a fully hosted IP/PBX, VoIP transport, SIP trunking, data storage, and customized VoIP solutions for specialized applications. Services are delivered with unparalleled reliability and performance over Digerati's carrier-class global VoIP network, which has been built over the course of a decade. For more information visit www.digerati-inc.com.
The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ from those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or transmissions in foreign countries.
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Source: Digerati Technologies, Inc.
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