Virtutone Enters VoIP Wholesale Market
(Marketwire (Canada) Via Acquire Media NewsEdge) SHERWOOD PARK, ALBERTA--(Marketwire - April 10, 2012) - Virtutone Networks Inc., ("Virtutone") (TSX VENTURE:VFX) a leading provider of Internet-based, business telephony services, announced today that it has launched a wholesale division which provides telephony services to other carriers. As a carriers' carrier, Virtutone will supply wholesale voice services, using Voice over Internet Protocol (VoIP) technology, to telephone companies, cellular companies, corporate clients, cable television companies, call centers, and Internet-based telephony companies.
Virtutone has selected Sonus Networks (NASDAQ:SONS) of Westford, Massachusetts to provide a new high-powered wholesale infrastructure which currently has the capacity to supply 1.2 Billion minutes per month to Virtutone customers. As the wholesale division continues to grow, this system is quickly and easily scalable beyond its current limits. The Virtutone network will be built on the Sonus Session Border Controller 5200 which is purpose-built for large scale, mission critical SIP-based communications. Virtutone expects the investment in this new platform to enable it to become a leader in the wholesale VoIP market in North America.
In addition, Virtutone has signed interconnect agreements with several of the largest telecom companies in North America, Australia and the United Kingdom to be able to provide the highest quality origination and termination services at reasonable prices. Virtutone is able to provide telephone numbers in over 12,000 local exchanges in North America, Australia and the United Kingdom, and in over 60 other countries worldwide.
"Virtutone's growth over the last three years has increased our purchasing power, particularly in Canada. This has allowed us to provide extremely cost effective wholesale services, even to large telecommunication companies. In today's telecommunication world, competitors buy and sell wholesale communication services from each other to augment their core offerings. Our entry into the North American wholesale market will allow a wide variety of telecommunication companies to purchase high quality origination and termination services at more competitive rates," said Jason Allen, Virtutone's President and Chief Executive Officer.
About Virtutone Networks Inc.
Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: VoIP, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company's website at www.virtutone.com.
This document may contain certain forward-looking informational statements("Forward- looking statements") as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to the failure to achieve anticipated benefits from the above noted wholesale division. Forward-looking statements are any statements other than statements of historical fact. The use of any "plan" "expect " "project" "believe" "should" "anticipate" or other similar words or statements that contain events "may" or "will" occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: Virtutone's wholesale services division and the benefits therefrom; and the capacity of the new wholesale infrastructure. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone's new wholesale infrastructure; the market for wholesale telephony services. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Virtutone Networks Inc.
Source: Virtutone Networks Inc.
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