[September 15, 2004]

VoIP, Inc. Gets a Million

BY JOHANNE TORRES

VoIP, Inc. (quote) announced that Davie, Florida-based FMC Telecom agreed to a purchase contract with its subsidiary, VoIP Solutions, Inc. for its MTA-V102 Multimedia Terminal Adapters. This transaction would reach the value of more than $1 million (USD).

The satellite communication equipment reseller, FMC Telecom is buying 15,000 MTA-V102 units, of which a minimum of 5,000 pieces are to be purchased the first year, and a minimum of 10,000 pieces the second year.

"This contract with FMC Telecom is one more indication of the strong and growing acceptance of Voice Over IP Telephony service," said Steven Ivester, CEO of VoIP, Inc. "Our momentum in the Multimedia Terminal Adapter segment is reflected in the contract signed earlier this year with ANEW Broadband, as well as in other contracts which are currently in the pipeline."

"We have tested and deployed many different terminal adaptors, including the ATA186 made by Cisco Systems Inc (NASDAQ:CSCO) but landed on the MTA-V102 from VoIP Solutions because it offers a unique feature set as well as exceptional value, which made it a logical choice for our customers' needs," said Frank Cassidy, President and Founder of FMC Telecom. "This equipment will enable us to move quickly into the VoIP service space with customers throughout the Americas."

FMC Telecom is now adding on a VoIP service to its current offering which includes number of teleport and satellite services. In addition to its agreement with VoIP Solutions, Inc., the company also struck deals with DT Sat (formerly Romantis Satellite Communications), and Amerijet International.

VoIP Inc.�s agreement with FMC Telecom follows an announcement made earlier this year of similar a purchase contract with ANEW Broadband. ANEW Broadband delivers convergent voice and data services via its own network. ANEW's technology partners include Telution, Dell Computer Corporation, Lucent Technologies, BellSouth Corporation, CIMA Telecom, Netopia, Cisco Systems and Turnstone Systems.