NEW YORK--(BUSINESS WIRE)--Sept. 18, 2000--Geotele.com, Inc. (OTC:GEOL) announced today that has successfully deployed VoiP gateways in 13 foreign countries and that voice traffic has started to flow over the network.
Revenues from this system began flowing last week as predicted. Traffic is increasing daily and because of high demand a doubling or tripling of capacity is already necessary to some foreign destinations. As the network becomes more developed Geotele.com hopes to attain minimum traffic levels of 100,000 minutes per day.
Geotele.com, Inc. has been successful in recently attracting a number of large customers and has signed contract for the sale of International network capacity with 14 of the largest phone carriers. The company 's focus for the next month will be to maximize overall network routing, improve Qos and catch up to its receivables.
Except for the historical information contained herein, all of the above mentioned contains forward-looking statements within the meaning of section 27A of the securities Act of 1933, as amended. Such forward-looking statements include but are not limited to legislation that may affect industry regulation.
CONTACT: Geotelecom, Inc., New York
Guy Cohen, CEO, 212/213-4410
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