NEWPORT BEACH, Calif., April 20, 2000 (PRIMEZONE) -- VoIP Telecom, Inc., formerly Presidents Telecom,Inc., is pleased to announce that the NASD has issued it a new trading symbol. Effective Monday April 24, 2000 VoIP Telecom, Inc.'s trading symbol will be changed from OTCBB:PRTE to OTCBB:VOPT.
According to the Company's President, A. (Sandy) Anderson "The VoIP Telecom, Inc. name and VOPT stock symbol captures our company's central business focus on building the most dominant global VoIP network and VoIP Industry consortium Via the assembly and operation of a consortium of high quality Internet Protocol [IP] networks. VOIP Telecom is targeting to capture a substantial market share of international long distance traffic. The Company is positioned to become a leader in the provision of the most up-to-date telecom converging conductivity solutions in the global telecommunications marketplace."
VoIP Telecom, Inc. is focused on the deployment of worldwide digital, voice and data via VoIP, fiber optic, Internet circuit , satellite and public switched telephone networks. VoIP Telecom's strategic vision is to build a leading consortium of the highest quality Voice over Internet Protocol networks and a significant world wide market share of long distance traffic. VoIP Telecom Inc. recently announced its entry into Telecommunication and VoIP via two proposed acquisitions - Access Network's Ltd and International Communication & Equipment Corp., of Seattle, Washington (ICE).
VoIP based networks are lower cost alternatives to the traditional LD calling solutions. According to Gartner Group's Dataquest (NYSE:IT) -Global Voice-over-Packet Services Market will Grow to $87 Billion by 2004 and Retail VoIP Services are to Boom from $443 Million in 1999 to $19 Billion in 2004.
This news release may contain certain forward-looking statements with respect to operations and business, the results of which could differ materially from those discussed. Risks and uncertainties are detailed in reports that are filed with the Securities and Exchange Commission by the Company.