INFORMATION HIGHWAY.COM, INC. LAUNCHES FREE VOICE OVER IP SERVICE TO CUSTOMERS IN TORONTO & VANCOUVER
Information Highway.com, Inc.
(the "Company")
For Immediate Release: Vancouver, BC -- February 2, 2000 -- Information Highway.com, Inc. (OTC BB: IHWY) today announced that its Voice over Internet Protocol (VoIP) analog program has been successfully completed allowing the Company to begin production on its rollout program in Canada utilizing AT&T (NYSE: T) fibre optic backbone. With the Company’s gateway(www.ihwyphone.com) basic and enhanced voice services over the Internet, including voice enhanced web commerce and interactive multimedia communications can now be offered.
Chief Information Officer, Cristian Rodriguez states, “the IP Telephony market is revolutionizing the telecommunications industry by offering a wide array of new services while lowering communications costs. Voice over IP is changing the information access world by merging voice, data, facsimile, and multimedia capabilities into a single access infrastructure”.
John Robertson, President and CEO, states, “Internet Telephony services will capture a conservative 5% of all the long distance calls worldwide by year 2002. The overall market for IP Telephony including services, hardware and software, is projected to be US $9 Billion by the year 2003. Frost & Sullivan see the industry growing from $19 Million in 1996 to over $1.5 Billion by 2001. Extrapolating from the limited subset of data, the Global Internet Glider Technology Group suggests there may be close to a ten-fold annual growth rate in the industry. Information Highway intends to capitalize on this enormous growth potential.”
The Company has retained Inglenet Software Corp. to complete the next production phase for digital production of its Voice over IP project, the high volume version to be announced shortly. Inglenet Software, a software developer of advanced corporate database and network solutions is based in Vancouver, BC. (www.inglenet.com).
Competitors in the market for Voice over IP include Net2Phone, Inc. (NASDAQ: NTOP), VocalTec Communications, Inc. (NASDAQ: VOCL) and E-Net, Inc. (NASDAQ: ETEL).
About Information-Highway.com, Inc.
Information Highway.com is a leading Internet
Service Provider (ISP) engaged in web content development,
e-commerce solutions, and Internet access and emerging Internet
technology.
The Company provides dial up
and ADSL fast Internet and dedicated Internet access as well as web
site hosting. The Company has business relationships with IBM (NYSE:
IBM), Level 3 Communications (NASDAQ: LVLT), Yahoo Broadcast (NASAQ:
YHOO), AT&T (NYSE: T) and Bell Atlantic (NYSE: BEL).
The Company’s premiere online service, The
Executive Site is a localized regional Internet portal that can save
users vast amounts of time by allowing them to access stock quotes,
weather forecasts, community events, online trading, web searches,
multicasting, free Internet-based long distance telephone calls and
shopping - all from one place.
Interested parties may join The Executive Site for free at
www.theexecutive.com and can find more information about Information
Highway.com on its website at www.information-highway.com.
CONTACT:
John Robertson
john@ihiway.com
1 (800)
665-4616 or (604)
278-7494