CORRECTING and REPLACING Yak Communications Teams with CounterPath to Offer FREE VoIP and Video Services
07 Novembre 2005 - 6:02PM
Business Wire
Reissuing release to correct ticker symbol for searching purposes.
The ticker and exchange for this release should be (NASDAQ:YAKC)
instead of (TSX:YAKC). The corrected release reads: YAK
COMMUNICATIONS TEAMS WITH COUNTERPATH TO OFFER FREE VOIP AND VIDEO
SERVICES Yak Communications Inc. (NASDAQ:YAKC), a provider of
telecommunication services to residential and business customers,
announced today that it has entered into an agreement with
CounterPath Solutions, Inc. (formerly Xten Networks, Inc. OTCBB:
CTPS), a premier provider of VoIP (Voice over Internet Protocol),
Video over IP, Instant Messaging (IM), and Presence-enabled SIP
softphones allowing Yak to launch a powerful new voice and video
peer-to-peer VoIP alternative for consumers around the world. Yak
expects to launch its "yakForFree" VoIP (www.yakforfree.com)
service powered by CounterPath's eyeBeam SIP softphones in mid
November. yakForFree is an exciting new service from Yak which
allows users to make FREE voice and video calls to anyone on the
Internet who is also a yak member of yakForFree. Yak will be
licensing some of CounterPath's core softphone technologies.
"yakForFree has the potential to reach millions of people
worldwide, establishing Yak as a premier global VoIP provider,"
said Charles Zwebner, Chairman and CEO. "We expect yakForFree to
further demonstrate the quality and value of our VoIP and Video
calling capabilities and assist Yak to transition from a legacy
telephony company into a next generation, Internet based
communications and commerce company." "yakForFree will allow users
to establish and maintain voice and video communication with
family, friends and colleagues and to reach a far more
geographically-diverse population than ever before without
technology," said David Hurwitz, President of Yak's VoIP
initiatives. "We will invite yakForFree members to recruit their
friends and families, and encourage them to upgrade to one or more
of our paying programs - "yakToAnyone" (a PC-to-Phone, talk and
video Pre-Paid service), "yakBasic" or "yakUnlimited" subscription
plans, that allows subscribers to make and receive calls over high
speed DSL or cable internet access to virtually any telephone or
cell phone worldwide. This agreement with CounterPath allows Yak to
charge ahead with its VoIP initiatives and deepen its penetration
in the VoIP marketplace." "We are looking forward to jointly
working with Yak and the compelling business model that they are
putting into the marketplace," stated Mark Bruk, Chairman and CEO
of CounterPath. "Our agreement continues to validate our strategy
of working with leading, high quality service providers in
developing solutions for their customers. We are looking forward to
working together to enhance Yak's voice and video service offerings
with our high quality, rich and robust applications." CounterPath's
softphones for Windows, MAC OS X, Pocket PC and now Linux are
software applications, which run on devices such as personal
computers (PCs) or personal digital assistants (PDAs) or can be
integrated into set-top boxes, embedded devices, instant messenger
applications and the like. When a CounterPath softphone is
connected to a service provider's network, the user can make and
receive calls to and from other "on-net" callers (IP-to-IP) and/or
"off-net" callers (IP-to-PSTN/Cellular) with the same quality of
service they would expect from an IP handset. However, at a
fraction of the cost, while providing more features and
functionality than an IP handset. About Yak Communications: Yak
Communications Inc. (NASDAQ:YAKC - News) is an Integrated
Communications Provider (ICP) offering a full array of long
distance (1+, toll free and dial-around), local lines, travel
cards, cellular long distance, data services, and broadband voice
(VoIP) to residential and small businesses in North America over
high speed internet access. Yak currently serves approximately
900,000 customers for its traditional telecom services. For more
information, visit www.yak.com. About CounterPath Solutions, Inc.
CounterPath (formerly Xten Networks, Inc.) (OTCBB:CTPS) is a
developer of award-winning, high-quality, carrier- grade VoIP
(Voice over IP) and Video over IP SIP softphones for service
providers, cable operators, Internet telephony service providers,
IP PBX manufacturers and OEMs. CounterPath's SIP softphones are
available either pre-configured or as a software development kit
(SDK), and provide VoIP (Voice over IP), Video over IP, IM (Instant
Messaging), and Presence functionality. eyeBeam - CounterPath's
feature-rich SIP Video over IP softphone with IM and Presence -
recently received both Communications Solutions(R) Magazine's and
INTERNET TELEPHONY(R) Magazine's "Product of the Year" Award for
2004. CounterPath's Pocket PC SIP Softphone was recently named a
2005 Innovation Award winner from INTERNET TELEPHONY(R) magazine.
With over 120 customers in more than 30 countries, CounterPath
technology is deployed in more than 5,400,000 IP endpoints
worldwide. For more information please visit
http://www.counterpath.com/. Forward Looking Statements: Statements
contained in this news release, which are not strictly historical
are forward looking within the meaning of the safe harbor clause of
the Private Securities Litigation Reform Act of 1995. The Company
makes these statements based on information available to it as of
the date of this news release and assumes no responsibility to
update or revise such forward-looking statements. Editors and
investors are cautioned that forward-looking statements invoke risk
and uncertainties that may cause the Company's actual results to
differ materially from such forward-looking statements. Words such
as "projects", "believe", "anticipates", "estimate", "plans",
"expect", "intends", and similar words and expressions are intended
to identify forward-looking statements and are based on our current
expectations, assumptions, and estimates about us and our industry.
In addition, any statements that refer to expectations, projections
or other characterizations of future events or circumstances are
forward-looking statements. Although the Company believes that such
forward-looking statements are reasonable, we cannot assure you
that such expectations will prove to be correct. Our actual results
could differ materially from those anticipated in such
forward-looking statements as a result of several factors, risks
and uncertainties. These factors, risks and uncertainties include,
without limitation, our ability to satisfactorily address any
material weaknesses in our internal financial controls, our success
in integrating the operations of any newly-acquired businesses, and
associated reduction in costs, the successful implementation of our
business plans including growth of existing product offerings,
strategic acquisitions and development of broadband telephony
products, the successful integration of new management team
members, continued and increased demand for our services, the
successful deployment of new equipment and realization of material
savings there from, competition from larger and/or more experienced
telecommunications providers, our ability to continue to develop
our markets, general economic conditions, changes in governmental
regulation, and other factors that may be more fully described in
our literature and periodic filings with the Securities and
Exchange Commission. You are urged to carefully review and consider
these disclosures, which describe certain factors that affect our
business. Yak Communications Inc. (NASDAQ: YAKC)
Yak Communications (NASDAQ:YAKC)
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