Farmstead Telephone Group Provides Third Quarter Revenue Guidance
13 October 2005 - 11:30PM
PR Newswire (US)
Revenues increase 44% EAST HARTFORD, Conn., Oct. 13
/PRNewswire-FirstCall/ -- Farmstead Telephone Group, Inc.
(AMEX:FTG) announced today that unaudited sales results for the
third quarter of fiscal year 2005 were $4,807,000 compared to
$3,338,000 in the same period for fiscal year 2004, a gain of 44%.
These sales gains represent the highest revenue quarter since first
quarter 2002. "We are very encouraged by our third quarter revenue
growth. We are optimistic that we will finish out the fiscal year
with sustained revenue momentum," said Chairman, President and
Chief Executive Officer Jean Stiegemeier. About One IP Voice One IP
Voice, a wholly owned subsidiary of Farmstead Telephone Group,
provides 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. 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.
Investor Contact: Alex Lewis or Dave Gentry Aurelius Consulting
Group 407-644-4256 http://www.runonideas.com/ Contact: Mel Lipes
Farmstead Telephone Group, Inc. Voice: 860-610-6005 Fax:
860-282-5737 DATASOURCE: Farmstead Telephone Group, Inc. CONTACT:
Investor Contact: Alex Lewis or Dave Gentry, both of Aurelius
Consulting Group, +1-407-644-4256, ; or Mel Lipes of Farmstead
Telephone Group, Inc., +1-860-610-6005 Web site:
http://www.farmstead.com/
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