Yak Communications (NASDAQ:YAKC)
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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)