TMCnet News
VoIP, Inc. to Acquire VoIP Americas FORT LAUDERDALE, Fla. --(Business Wire)-- Sept. 9, 2004 -- VoIP, Inc. (OTCBB:VOII) today announced that it has executed a Binding Letter of Intent to acquire VoIP Americas, a privately held company based in Miami, Florida.Under the proposed Purchase Agreement, VoIP, Inc. will acquire 100% of the stock of VoIP Americas and Vox Consulting Group, Inc, in exchange for the issuance of 1 million common shares of VoIP, Inc. VoIP Americas was founded in 2002 to take advantage of the nascent VoIP market and leverage the skill sets of its founders - Carlos Rivas and Albert Rodriguez. Having overcome the significant hurdles inherent with launching a Next Generation Carrier, VoIP Americas rolled out a suite of products designed to significantly lower the barrier of entry to organizations entering the market. In the last twelve months, VoIP Americas has demonstrated average monthly growth of 20%. Today, VoIP Americas has customers in every continent excluding Antarctica and is terminating over 10,000,000 minutes of VoIP traffic on a monthly basis. "We are very excited about becoming a part of VoIP, Inc.; VoIP Americas will enjoy access to a top-notch management team and ample resources to expand continuing operations. Additionally, VoIP Americas will be able to exploit a wide niche in the enterprise marketplace. The new service, will be marketed under the brand names Corporate-VoIP and VoIP-Trunking will provide direct Voice over IP Interconnection to enterprise customer with existing IP PBX's," stated Albert Rodriguez. "The acquisition of VoIP Americas will provide proven leadership in the IP Telephony space," stated Steven Ivester, CEO and President of VoIP, Inc. "VoIP Americas complements VoIP Inc.'s strategy to deliver Voice over IP services to enterprise customer's world wide and deliver service provider solutions to Cable Operators. VoIP Americas is well established and respected in these industries. The Company will provide valuable resources and strong network connectivity for our products and services," concluded Mr. Ivester. About VoIP Americas: VoIP Americas is a full service, wholesale Internet Telephony Service Provider enabling emerging carriers, ISP's; ITC's, Cable Operators and CLEC's to quickly and efficiently launch advanced VoIP services to their customer base. Our services include wholesale-VoIP for US and international termination; VoIP-800 & VoIP-did for access; and turnkey-VoIP, a full featured hosted platform providing the most popular residential and small business VoIP services. To learn more about VoIP Americas, Please visit http://www.voipamericas.com 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. VoIP, Inc. has aggressively pursued acquisitions in the IP Telephony space and on June 28, 2004 announced the finalization of the DTNet acquisition. Customers of DTNet include six of the top ten cable companies in the United States, National Cable Television Cooperative and Wide Open West. The customer base includes Cox (NYSE:COX), Comcast (NASDAQ:CMSA), CableVision (NYSE:CVC), and BrightHouse. 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. |
