OzEmail Affiliates Expand ITXC.net
Princeton, NJ, and Sydney, Australia, November 30, 1999 -- ITXC
Corp (NASDAQ: ITXC) today announced that it has purchased the
intellectual property and contractual rights associated with the
operations of the Internet telephony business of OzEmail Interline Pty
Limited, a wholly owned Australian subsidiary of MCI WORLDCOM, Inc.
(NASDAQ:WCOM). The contractual rights acquired by ITXC enable ITXC to
add OzEmail's affiliates to its network. Additionally, ITXC and
OzEmail now provide each other with certain services, and ITXC attains
the right to co-locate in MCI WorldCom facilities in Australia.
Additionally, ITXC will continue to purchase connectivity and
traditional call completion from MCI WorldCom. Financial terms of the
deal were not disclosed.
"OzEmail has built a high quality worldwide network of
affiliates," said Tom Evslin, Chairman and CEO of ITXC Corp.
"These affiliates provide Internet telephone services and exchange
traffic with each other and with OzEmail. By integrating OzEmail's
network with ITXC's, we are expanding our global coverage and can
better support our carrier customers."
Teltran International (OTC BB: TLTG.OB), a U.S. global
facilities-based common carrier, is one of the OzEmail affiliates that
will be sending voice and fax traffic through the ITXC network.
"Teltran International is pleased to become part of ITXC.net, the
largest global Internet telephony network," said Byron Lerner,
Teltran's President and CEO. "This new relationship magnifies
the opportunity we had with Interline and gives us additional
termination points as we continue to expand our international VoIP
network."
ITXC.net(tm) is ITXC's infrastructure for voice over the Internet.
The network's reach is global with more than 125 affiliates in 81
cities in 38 countries.
About ITXC:
ITXC Corp(tm) is a leading provider of Internet telephony. ITXC.net is
the infrastructure for voice on the Internet with over 125 IP PoPs in
81 cities and 38 countries. Network affiliates include international
carriers, ISPs, and newly formed Internet telephony service providers
(ITSPs.) Key affiliates include Ameritech, Bell Atlantic, China
Telecom, GTS, and Korea Telecom among others.
ITXC sells international call completion and enhanced telephony
services including international toll free calling to carriers, PTTs,
and resellers. These services are routed over ITXC.net using the public
Internet and ITXC's patent pending BestValue RoutingTM technologies
to assure quality. For more information, please visit www.itxc.com.
About MCI WORLDCOM:
MCI WorldCom (NASDAQ: WCOM) is a global leader in communications
services with 1998 revenues of more than $30 billion and operations in
more than 65 countries. MCI WorldCom's global networks provide
high-capacity connectivity to more than 45,000 buildings worldwide. MCI
WorldCom and Sprint have announced a merger agreement, which the
companies expect to close in the second half of 2000, following
regulatory and shareholder approvals. For more information go to:
http://www.wcom.com.
Except for historical information, all of the expectations,
projections and assumptions contained in the foregoing press release
constitute forward-looking statements under the Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties.
Important factors that could cause actual results to differ materially
from such forward-looking statements include, but are not limited to,
the considerations described as "Risk Factors" in the
Company's filings with the SEC.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
