Ecuity Reports 13.3% Increase in Proceeds in October
23 November 2004 - 10:00PM
PR Newswire (US)
Ecuity Reports 13.3% Increase in Proceeds in October Company
Ascribes Rise to Increased Sales of VoIP to Small and Medium Size
Businesses BELLEVUE, WA, Nov. 23 /PRNewswire-FirstCall/ -- Ecuity,
Inc., (OTCBB: ECUI.OB), an end-to-end unified communications and
technologies company serving the small- to medium-business and
residential markets, reported today, a significant 13.3% rise in
cash receipts during the month of October compared to September. It
has identified sales of Voice over Internet Protocol (VoIP) to
small and medium size businesses as a significant source of revenue
growth. The company reported that October receipts rose to $315,101
from $278,224 in September. The company said that the overwhelming
majority of the increase resulted from sales of its VoIP services,
noting that in the past ninety days, it has added 475 new lines for
VoIP services. King Cole, Ecuity's president, "Our V-Tone offering
of VoIP services to small and medium size businesses has received a
very favorable reception from companies in the region since we
launched the service this summer. According to the feedback we are
getting from the field, these small and medium size businesses are
pleased with the ease of switching to VoIP services, the terrific
voice quality, the features that equal those previously available
only to large businesses and the cost savings. As the news of their
satisfaction spreads, we believe that we will see a continued
upsurge in new lines, new customers and expanded revenue. It is
exciting to witness the successful transition from our legacy
services to becoming a leader in the VoIP industry." Ecuity is the
first facilities-based carrier to offer complete business-class
VoIP services, including a "soft phone," both nationwide and
internationally - with voice quality equal to or better than
traditional phone service at significant cost savings. Ecuity
provides Business class VoIP, broadband services, technical
support, centralized billing and superior customer service. It
offers both Centrex call features and traditional equipment based
PBX call services. As a result of its success in delivering cutting
edge Voice over Internet Protocol (VoIP) services to customers
nationwide, Ecuity's subsidiary Ecuity Advanced Communications was
named to the 2004 "Pulver 100" - which is the VoIP industry's
premiere listing of companies that represent the future of the
communications industry. Ecuity's innovative VoIP services, V-Tone
Office, V-Tone Small Office and Smart Call, are available virtually
anywhere in the country and in international markets today. It
takes only a phone call to 1 866-41 VTONE (1 866-418-8663) or a
visit to http://www.ecuity.net/ to arrange to install service or
secure a custom solution quotation. About Ecuity, Inc.
(http://www.ecuityinc.com/) Ecuity is a provider of secure
end-to-end unified communication technologies for the small- to
medium-business market. Ecuity uses secure next-generation voice
services, instant messaging, data transfer, Internet, conference
calling and enterprise software to create solutions that meet the
communication needs of today's business world. As a
facilities-based carrier, Ecuity has operated as a traditional
telephone company for 17 years, providing service to thousands of
customers across the country. Through the integration of web-based
telecommunications and cutting-edge software technology, Ecuity
economically delivers secure unified communication solutions that
break down distance, time and media barriers to allow people to
communicate anywhere, anytime and across multiple mediums. Ecuity
has offices in Bellevue and Seattle, Washington. Available
virtually anywhere in the country and in international markets, it
takes only a phone call to 1 877-4-ECUITY (1 877-432-8489) or visit
http://www.ecuity.net/ to order service. This report includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. The information in this news
release includes certain forward-looking statements that are based
upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties,
including statements as to the future performance of the company.
Although the company believes that the expectations reflected in
its forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic
risks and uncertainties. For Ecuity: Jennifer Stephens Telephone:
(206) 210-5033 Investor Relations Truc Nguyen VP, Investor
Relations Stern & Co. Telephone: (212) 888-0044 Media Relations
Stan Froelich VP, Media Relations Stern & Co. Telephone: (212)
888-0044 DATASOURCE: Ecuity, Inc. CONTACT: For Ecuity: Jennifer
Stephens, Telephone: (206) 210-5033, ; Investor Relations, Truc
Nguyen, VP, Investor Relations, Stern & Co., Telephone: (212)
888-0044, ; Media Relations, Stan Froelich, VP, Media Relations,
Stern & Co., Telephone: (212) 888-0044,
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