Farmstead (AMEX:FTG)
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Farmstead Forms Subsidiary 'One IP Voice' for Buildout of Carrier
Based IP Telephony Platform
EAST HARTFORD, Conn., May 12 /PRNewswire-FirstCall/ -- Farmstead Telephone
Group, Inc. (AMEX:FTG) today announced the formation of a wholly owned
subsidiary named One IP Voice. One IP Voice will provide carrier-based Hosted
IP Telephony solutions along with Network Services. The primary target of the
One IP Voice offering will be to the Small to Medium Businesses (SMB) market
for the under 200-employee businesses. The facilities-based One IP Voice
offering will include Hosted IP Centrex and IP Trunking services, bundled with
private One IP Voice "Last Mile" connectivity on a national basis, long
distance calling, On Net calling, local area calling, 911 capabilities and Wide
Area Network (WAN) voice and data connectivity. One IP Voice will also offer a
consumer VOIP product.
Jean-Marc Stiegemeier, Farmstead's President and CEO, said, "The traditional
offering of telephone systems and services to businesses has begun to change.
This paradigm shift of traditional voice to VOIP (voice over Internet protocol)
will have a significant effect on traditional providers of voice communications
systems as the business users' needs change. Farmstead's Voice over
Intelligent Protocol(TM) (VOIP) offerings will provide business users
substantial reductions in their overall communications costs, by eliminating
the bulk of traditional hardware costs. The bundled One IP Voice offering will
also eliminate long distance and local calling costs, while providing the user
with improved system features and functionality. Our ability to provide
proprietary last mile connectivity, long distance and local calling nationwide
will set us apart from traditional (early market) providers. We believe that
the under 200-employee businesses market represents the fastest growth segment
for those new VOIP offering.
"Our One IP Voice offering will include a full array of "bundled solutions",
delivered via a unique and proprietary One IP Voice Network offering and
coupled with the deployment of an industry-leading hosted IP telephony
facilities based infrastructure. These offerings will be provided nationwide
through Farmstead's direct selling organization, and the One IP Voice channel
program.
"To become the national leader in this growth market, you must provide your
customer a unique, "fully bundled" platform that serves their needs. We at
Farmstead Telephone Group see the One IP Voice offering as that platform."
About Farmstead
Farmstead Telephone Group, Inc. is an Avaya Inc. Gold Business Partner,
selling, installing and maintaining both new and refurbished Avaya business
communications products nationwide. Further information about Farmstead
Telephone may be found at http://www.farmstead.com/.
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This release contains forward-looking statements that involve risks and
uncertainties. In addition to historical information, investors should
consider carefully the risks associated with an investment in the Company's
securities as previously outlined by the Company in its prior filings with the
Securities and Exchange Commission.
CONTACT:
Mel Lipes
Farmstead Telephone Group, Inc.
Voice: 860-610-6005
Fax: 860-282-5737
DATASOURCE: Farmstead Telephone Group, Inc.
CONTACT: Mel Lipes of Farmstead Telephone Group, Inc., +1-860-610-6005
Web site: http://www.farmstead.com/