VoIP Inc. Doubles Size of National Network Infrastructure to Accommodate Growing Traffic
Source: snapvoip.blogspot.com
News Release;
VoIP, Inc. (OTCBB: VOIC) announced today that it has doubled the size of its existing national network infrastructure to accommodate additional customers and increased traffic. Additionally, new expansion includes the further build-out of the Company’s own facilities, which replace and expand uncovered areas in the U.S through adding four additional states. This has enabled the Company to enhance market penetration, improve quality of service and reduce its overall cost of goods for products and services sold by as much as 50% through new vendor relationships and enhanced pricing and terms on existing ones. Additional expansion is expected to continue throughout the year, ultimately enabling the company to offer services in 21 additional states through use of its own network to more than 200 million subscriber and enterprise lines.
“We continue to expand our Network, driving and supporting increased revenue and improved margins,” said Shawn Lewis, Chief Operating Officer of VoIP, Inc. “We have also begun to build new network deployments in four additional states which have demonstrated the next highest volume of traffic, which should further decrease costs once completed and drive new business.”
The Company recently announced that revenue for the month of August, 2007 from its continuing Caerus (VoiceOne network services) business exceeded $1 million. Revenue increased by approximately 17 percent from the month of July, 2007 as a result of increased utilization of the Company’s network, and higher margins associated with the revenue. Revenue from continuing Caerus business for the first eight months of the year has now nearly equaled the total revenue generated by Caerus for the entire 2006 fiscal year.
