Corridor Communications Corp Signs 8x8 Wholesale Agreement for Packet8 Voice and Video Over IP Offerings (VOIP)
26 October 2004 - 12:00AM
PR Newswire (US)
Corridor Communications Corp Signs 8x8 Wholesale Agreement for
Packet8 Voice and Video Over IP Offerings (VOIP) MESA, Ariz., Oct.
25 /PRNewswire-FirstCall/ -- Corridor Communications Corp.
(CORR.OB) announced today that they have entered a wholesale
agreement to bring Packet8 broadband voice over internet protocol
(VOIP) and videophone communications services allowing Corridor to
private label the Packet8 VOIP products and services and provide
customized web interfaces applicable to Corridor customers. The
Packet8 service (http://www.packet8.net/) enables high speed
internet users to subscribe to monthly voice over internet protocol
(VOIP) telephone and videophone communications service. For
$19.95/month, Packet8 subscribers can make unlimited calls to any
telephone number in the United States and Canada, and unlimited
calls to any other Packet8 subscriber anywhere in the world. All
Packet8 accounts come with voice mail, caller ID, call waiting,
call waiting caller ID, call forwarding, hold, line-alternate,
3-way conferencing, web access to account controls, and real-time
online billing. The Packet8 VideoPhone, introduced in June 2004,
delivers high-quality, full-motion video and clear, delay-free
audio over any broadband (high-speed Cable, DSL or corporate LAN)
Internet connection. Using 8x8's Packet8 broadband phone service,
Packet8 VideoPhone subscribers receive unlimited video calling and
regular voice calling in the U.S. and Canada for $29.95/month as
well as unlimited worldwide video and audio-only calling to other
Packet8 subscribers. The Packet8 Virtual Office service allows
users anywhere in the world to group multiple Packet8 lines into a
virtual business telephone system that includes
extension-to-extension dialing, auto attendants, conference
bridges, ring groups and a host of other business class PBX
features. Packet8 Virtual Office subscribers also enjoy unlimited
phone calls anywhere in the United States and Canada and the same
low, per-minute international rates available in Packet8's
residential plans "With our recent acquisition of Eagle West
Communications, Ash Creek Wireless and Quik Internet, which brings
our total combined subscriber base to nearly 9,000, we are looking
to increase the number of services we can provide," said J. Michael
Heil, Chief Executive Officer of Corridor Communications Corp. "The
Packet8 VOIP service has gained a reputation for high quality and
reliability, and we are convinced that this is the ideal product
for us to market to our subscribers as an additional value added
service. Many of our rural customers have limited domestic calling
options, and we believe this is a perfect fit. The goal to provide
video, voice and data to our customers can now be met." About
Corridor Communications Headquartered in Mesa, Arizona with
operations in Oregon, Nevada and Arizona, Corridor Communications,
Inc. is an integrated wireless Internet service provider (WISP) and
Cable television provider offering high-speed Internet, free and
pay television, and data services to residents and businesses. The
Company plans to implement a growth-through-acquisition strategy by
targeting small to mid size Cable providers and Dial Up Internet
Service Providers (ISP) in areas underserved by current broadband
multi system operators. The growth strategy will also focus on
creating partnerships with existing hot spot management companies
while building company owned hotspots to create ubiquitous coverage
or "Hot Zones" that encompass entire cities. Corridor's IP-Based
technology supports all hardware meeting Wi-Fi 802.11(x) standards
operating in an unlicensed spread spectrums (2.4 GHz and 5.7 GHz),
and can be deployed far less expensively than comparable copper and
cable technologies. The company also plans to leverage its network
build out for other services that may include voice and video. For
more information about Corridor Communications, please visit the
Company's web site at http://www.corridorcommunications.com/ "Safe
Harbor" statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements that
are subject to risks and uncertainties, including, but not limited
to, the impact of competitive products and pricing, product demand
and market acceptance, new product development, reliance on key
strategic alliances, availability of raw materials, the regulatory
environment, fluctuations in operating results and other risks
detailed from time to time in the company's filings with the
Securities and Exchange Commission. Our forward-looking statements
are based on currently available information which management has
assessed but which is dynamic and subject to rapid and even abrupt
change due to risks and uncertainties that affect our business,
including the unpredictability of future revenues and limited
visibility into future demand on which to base our forecasts; the
current uncertainty in our marketplace which may impact expected
demand, customer selection criteria and sales cycle; our ability to
execute on product deliverables and major customer contracts,
slower economic growth generally, slower adoption of broadband
technology, or cutbacks in information technology spending; and
factors beyond our control such as power outages or work stoppages
at key customers. CONTACT: Investor Relations of Corridor
Communications Corp., +1-480-380-5855, or . DATASOURCE: Corridor
Communications Corp. CONTACT: Investor Relations of Corridor
Communications Corp., +1-480-380-5855, or Web site:
http://www.corridorcommunications.com/
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