Farmstead Forms Subsidiary 'One IP Voice' for Buildout of Carrier Based IP Telephony Platform
13 May 2005 - 2:00AM
PR Newswire (US)
Farmstead Forms Subsidiary 'One IP Voice' for Buildout of Carrier
Based IP Telephony Platform EAST HARTFORD, Conn., May 12
/PRNewswire-FirstCall/ -- Farmstead Telephone Group, Inc.
(AMEX:FTG) today announced the formation of a wholly owned
subsidiary named One IP Voice. One IP Voice will provide
carrier-based Hosted IP Telephony solutions along with Network
Services. The primary target of the One IP Voice offering will be
to the Small to Medium Businesses (SMB) market for the under
200-employee businesses. The facilities-based One IP Voice offering
will include Hosted IP Centrex and IP Trunking services, bundled
with private One IP Voice "Last Mile" connectivity on a national
basis, long distance calling, On Net calling, local area calling,
911 capabilities and Wide Area Network (WAN) voice and data
connectivity. One IP Voice will also offer a consumer VOIP product.
Jean-Marc Stiegemeier, Farmstead's President and CEO, said, "The
traditional offering of telephone systems and services to
businesses has begun to change. This paradigm shift of traditional
voice to VOIP (voice over Internet protocol) will have a
significant effect on traditional providers of voice communications
systems as the business users' needs change. Farmstead's Voice over
Intelligent Protocol(TM) (VOIP) offerings will provide business
users substantial reductions in their overall communications costs,
by eliminating the bulk of traditional hardware costs. The bundled
One IP Voice offering will also eliminate long distance and local
calling costs, while providing the user with improved system
features and functionality. Our ability to provide proprietary last
mile connectivity, long distance and local calling nationwide will
set us apart from traditional (early market) providers. We believe
that the under 200-employee businesses market represents the
fastest growth segment for those new VOIP offering. "Our One IP
Voice offering will include a full array of "bundled solutions",
delivered via a unique and proprietary One IP Voice Network
offering and coupled with the deployment of an industry-leading
hosted IP telephony facilities based infrastructure. These
offerings will be provided nationwide through Farmstead's direct
selling organization, and the One IP Voice channel program. "To
become the national leader in this growth market, you must provide
your customer a unique, "fully bundled" platform that serves their
needs. We at Farmstead Telephone Group see the One IP Voice
offering as that platform." About Farmstead Farmstead Telephone
Group, Inc. is an Avaya Inc. Gold Business Partner, selling,
installing and maintaining both new and refurbished Avaya business
communications products nationwide. Further information about
Farmstead Telephone may be found at http://www.farmstead.com/. We
are interested in your feedback and comments. To respond to
questions from our management team, click here:
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This release contains forward-looking statements that involve risks
and uncertainties. In addition to historical information, investors
should consider carefully the risks associated with an investment
in the Company's securities as previously outlined by the Company
in its prior filings with the Securities and Exchange Commission.
CONTACT: Mel Lipes Farmstead Telephone Group, Inc. Voice:
860-610-6005 Fax: 860-282-5737 DATASOURCE: Farmstead Telephone
Group, Inc. CONTACT: Mel Lipes of Farmstead Telephone Group, Inc.,
+1-860-610-6005 Web site: http://www.farmstead.com/
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