ePHONE Telecom, Inc., a global Internet telephony services carrier for businesses and individuals, announced that it has secured its first significant prepaid calling card order from a calling card marketing organization headquartered in North America.
The purchase order calls for the mid-May issuance of approximately 560,000 prepaid calling cards of differing denominations to be distributed among the marketing organization’s customer base, which is largely North American customers calling globally. The distribution will take place over the next quarter and is anticipated to yield revenue of approximately $2.5M to ePHONE. This order is consistent with the business priority outlined in ePHONE’s recently amended 10k and executed by ePHONE’s new President, Carmine Taglialatela, which stresses the goal of generating immediate revenue utilizing applications like prepaid calling cards.
The prepaid calling card application is a logical target given the versatility of ePHONE’s wholly owned Internet gateways which are capable of supporting multiple points of access. The prepaid calling card market is increasingly attractive, given the demographics of individual global calling communities throughout the U.S.
The ethnic market continues to be the main force behind the growth of the prepaid card industry as more ethnic communities adopt the use of prepaid cards. This has been validated by significant growth in the marketplace, as Atlantic – ACM, a global research consulting firm headquartered in Boston, has determined in a recent study.
The study found a base of 30 million cards in North American circulation in 1993, which grew to 400 million in 1998 and is expected to grow to 700 million cards in 2003. Atlantic – ACM also anticipates prepaid revenues to approach $6-7 billion by 2005.
Carmine Taglialatela, ePHONE’s President commented as follows: “We’re finding that an aggressive approach to the prepaid calling card market is well-timed in the current environment. We see this order as the first in a series of upcoming announcements over the next quarter as we continue to generate revenue and build shareholder value.”
About ePHONE Telecom
ePHONE Telecom is a global full service telecommunications provider for businesses and individuals. ePHONE enables long distance calling at local pricing via access devices that connect customers to ePHONE’s network built on its award winning Internet Protocol (IP) technology. For more information about ePHONE Telecom, please visit [www.ephonetelecom.com].