Verb Exchange Signs Agreement To Form Global Video-Phone Network
In addition to becoming the North American distributor and provider of the Video Phone service, Verb will provide the switching and telecommunications backbone to IPMA in North America. IPMA currently provides its Video Phone service directly in China and Hong Kong and has distribution partners signed throughout Europe and Asia.
Vancouver, BC, Canada (PRWEB) December 1, 2006 -- Verb Exchange Inc. (TSX-V:VEI) announced it has signed an agreement with IPMA Holdings of Hong Kong and China, to form the first global Video Network based on IPMA’s proprietary video phone technology. In addition to becoming the North American distributor and provider of the Video Phone service, Verb will provide the switching and telecommunications backbone to IPMA in North America. IPMA currently provides its Video Phone service directly in China and Hong Kong and has distribution partners signed throughout Europe and Asia.
“The most exciting part of this new relationship is that IPMA’s video technology is a natural enhancement for our CoPilot Console™,” noted Verb’s CEO Craig Goldenberger. “IPMA’s team of software engineers has promised a soft-version of the Video Phone in the first half of 2007 that we will integrate for operation through CoPilot Console™. We believe that the combination of a high-quality video technology with a very portable and stable software device will provide a compelling telecommunications solution to the small and mid-sized enterprise.”
“We share a common vision with IPMA, a vision that people should be able to communicate with each other more effectively and more efficiently from anywhere on the planet to anywhere on the planet. The power of seeing someone when speaking with him or her is an invaluable communications tool. Emotion and body language form very important parts of effective communication and are often absent in a simple phone call. IPMA’s Video Phone bridges that communication gap.”
IPMA equipment was installed at Verb’s Network Operating Center in New York last week. “We will test the system for at least the next thirty days,” said Goldenberger. “What IPMA has created is a very high quality, low-bandwidth video device. Until now, Video Phones have been the domain of early-adopters and high-end corporate users. There has been little if anything available for real users - people who have to communicate inexpensively but effectively with others on a regular basis. Usually business people, and high-end corporate users have been forced to install expensive media servers on-site, at both their headquarters, and the location they need to communicate with. These systems require the involvement of several vendors and a significant financial commitment on the part of the customer. IPMA’s technology removes these barriers to market and provides a natural progression in Verb’s evolution as a mobile lifestyle company.”
About Verb Exchange:
Verb Exchange, a Mobile Lifestyle Company, provides advanced Unified Communication solutions via the Packet Network. Packet Networks include not only the World Wide Web, but also internal corporate networks. Verb Exchange products and services simplify voice, wireless, fax, e-mail and web-based communications for people and businesses on the move. The technology allows users to manage their communications, contacts and messages from any device, anywhere in the world.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
For further information and for all investor relations inquiries please contact:
Peter Berdusco, www.stockhitlist.com at 1-866-824-9190 (Telephone and Fax)
or
Scott Ackerman, Director at 1-866-824-8938 (Telephone and Fax)
www.verbx.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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