Business Services Industry
TotalAxcess.com Strikes VoIP and Prepaid Agreement With Forbes Telecom; Increases Profit Margins and Strengthens Positioning as a Low Cost Leader
Business Wire, April 17, 2000
Business Editors
OAKLAND, Calif.--(BUSINESS WIRE)--April 17, 2000
TotalAxcess.com, Inc. (OTC BB: TXCS) today announced that it signed a letter of intent with Forbes Telecom Nigeria Limited (FTNL) for traditional, prepaid and VoIP (Voice over Internet Protocol) traffic to Nigeria and Columbia.
"Our alliance with FTNL dramatically lowers our costs for telecom traffic to Nigeria, Columbia and other countries," explained Joseph Monterosso, Chairman and President of TotalAxcess.com (TXCI). "The agreement will therefore enable us to generate stronger profit margins while also strengthening our competitive positioning by passing substantial savings on to our customers."
The companies explained that the letter of intent covers three operating areas.
1. Traditional Telecom: TXCI will receive from FTNL extremely
competitive calling rates for a substantial volume of call
time to Nigeria and Columbia, which TotalAxcess.com will
resell to its customers.
2. VoIP Telecom: The companies will provide VoIP traffic over
direct lines between the US and Nigeria, and also between the
US and Columbia. The VoIP and compression equipment will be
supplied by TXCI in the US (through its switching facility in
Los Angeles) and by FTNL in Nigeria and Columbia.
3. Prepaid Telecom: TXCI agreed to provide FTNL with the telecom
infrastructure, as well as its advanced billing and support
system, for a prepaid phone card offering low-cost calls
between the US and Nigeria, and also between the US and
Columbia.
"We are very pleased with this partnership, and feel that the possibilities to expand the relationship in the future will create a win-win situation for FTNL, TXCI and our customers," added Monterosso.
In order to ensure the best possible results from the alliance, the Company will also provide its consulting expertise to FTNL for evaluation of the required equipment and engineering efforts entailed in the installation of the three independent VoIP sites.
About Forbes Telecom Nigeria Limited
Forbes Telecom Nigeria Limited was founded in 1992 to focus on telecommunications opportunities in underdeveloped nations and emerging markets. The company has strategic relationships with companies around the world, including Linex, Harris Communications, Telecom Finland, Nortel, Aydin and Motorola.
About TotalAxcess.com
An Oakland-based telecommunications and Internet marketing company, TotalAxcess.com, Inc. specializes in all facets of switchless, wireless, I.P. telephony and prepaid telecommunications. This includes one plus long distance as well as both telephonic and Internet-based lottery participation.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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