Yak Communications (NASDAQ:YAKC)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Yak Communications Charts. Click Here for more Yak Communications Charts.](/p.php?pid=staticchart&s=N%5EYAKC&p=8&t=15)
Yak Communications Inc. (NASDAQ:YAKC), a provider of
telecommunications services to residential and business customers,
will utilize CommPartners, Inc.'s VoIP network and enhanced
applications to deliver its Unlimited Calling Plan as part of the Yak
WorldCity VoIP (www.worldcity.com) service offering. The yakUnlimited
Calling Plan will offer subscribers a U.S. or Canadian local phone
number to facilitate unlimited outbound and inbound calling with
features including Caller ID, Unified Messaging and Voice Mail for
only $19.99usd/$24.99cad per month.
The yakUnlimited Calling Service will offer robust telephony
solutions through IP-based systems technology. The partnership with
CommPartners provides a VoIP network infrastructure and enhanced
applications that expands Yak WorldCity VoIP's current coverage area
within the United States and Canada and enhances its yakForFree
(www.yakforfree.com) service to include Local Number Portability
(LNP) and 911 emergency and domestic termination services at a lower
price point.
"Our collaboration with CommPartners presents a unique approach
for offering VoIP services to the marketplace," said Charles Zwebner,
Chief Executive Officer of Yak Communications. "Instead of spending
significant sums of money to duplicate a network infrastructure for
the YakUnlimited Calling Service, we are partnering with CommPartners
to deliver a VoIP technology solution offering the widest coverage
area integrated into Yak's current VoIP systems. With the support of
CommPartners, we will be able to offer additional advancements in the
near future. We expect that our relationship with CommPartners will
enable us to generate increased loyalty, expand our customer base,
and ultimately provide Yak with a higher return on its investment."
Currently, CommPartners offers one of the broadest IP-based
network coverage for residential, SMB and enterprise-hosted VoIP
services, with over 5,000 rate centers in the continental U.S. and
Hawaii. CommPartners has applied for, and expects to obtain,
Competitive Local Exchange Carrier (CLEC) status in all 50 states by
next year, which will classify it as one of the largest networks of
its type in the U.S. CommPartners has built its network for
business-quality VoIP services, 911 emergency services capabilities
and CALEA compliance - emerging issues that pose challenges to many
VoIP service providers. The CommPartners' solution includes the
CommPartners Management System (CMS) proprietary OSS platform for
automated provisioning, billing, user interface and back office
support capabilities. In addition, CommPartners offers hosted
features including simultaneous ring, voicemail-to-e-mail, feature
activation via the Web, and four-digit dialing. CommPartners provides
VoIP facilitation services such as Subscriber Endpoint Control,
Connectivity to the Public Switched Telephone Network ("PSTN"), Long
Distance services, and Subscriber Management.
"Through our alliance with Yak Communications, CommPartners will
deliver yakForFree customers an immediate VoIP solution upgrade that
provides unlimited service and allows them to reach a significantly
larger calling area than before," said Dave Clark, President, CEO and
Director of CommPartners. "We are excited to be a partner in this
innovative initiative and to be a part of Yak's much expected success
in the marketplace."
About Yak Communications:
Yak Communications Inc. (NASDAQ:YAKC) 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 CommPartners
CommPartners, Inc. was formed to "Enable the VoIP Promise" by
offering hosted Voice over Internet Protocol services, including IP
Centrex, hosted PBX and conferencing functionality and IP to PSTN
connectivity to broadband and service providers. CommPartners' hosted
VoIP services are designed for Internet Service Providers (wireline
and wireless), IT Integrators, Multiple Service Organizations,
Private Cable Operators, Independent Operating Companies,
Fiber-To-The-Home and Overbuilding Entities. Founded and operated by
industry veterans, CommPartners has a belief in optimizing
packet-based protocols in a distributed architecture to facilitate
VoIP connectivity and service offerings for broadband and service
providers. For more information, call 702-367-VOIP (8647) or visit
CommPartners' website at www.commpartners.us.
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)