Y3K Secure Entp Sftw (NASDAQ:YTHK)
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Y3K Partner Fox Communications Signs Agreement for Hosted IP PBX Services
Agreement Allows Y3K to Add Voice over IP to Unified Communications Package
SEATTLE, WA, Dec. 9 /PRNewswire-FirstCall/ -- Y3K Secure Enterprise Software,
Inc., (OTC/BB: YTHK), a leading provider of Secure Communication and Enterprise
Software Systems and Solutions, announced today the signing of an agreement
between its joint operating partner, Fox Communications, and Javelin, a VoIP
specialist, to offer hosted business class VoIP with integrated PBX services.
This agreement allows Y3K and Fox to continue building on their joint sales and
marketing initiatives and revenue sharing model, through the expansion of their
next generation voice services.
Javelin is a premier provider of business VoIP communication services and
dedicated T-1 Internet access to small and medium sized businesses. The unique
combination of Cisco, Acme Packet and Broadsoft and Fox's superior Network
Operation Center with Y3K's unified messaging platform provides unprecedented
delivery of a scaleable, secure and unified communications platform. Following
the launch of the new consumer product Ecuity Home, this expansion allows Y3K
and Fox to continue to deliver on their vision of a complete end-to-end
communication solution for the small to medium business market. The integration
of Fox and Javelin will occur over the next several weeks, with a planned
national launch of VoIP during the first quarter of 2004.
"According to research provided to us by Cisco Systems, by the end of 2004 71%
of mid-sized businesses will be looking to migrate to an integrated data, voice
and video IP based network," stated King Cole, President of Y3K. "Because of our
Joint Agreement with Fox Communications and the partnership with Javelin, we
will be able to provide the secure and unified communication solution that
business customers demand. We are currently in negotiations with a partner that
will give us a national footprint for coverage; we are excited about our
opportunities for revenue and expansion in the very near future."
"The Broadsoft hosted VoIP platform provides our Y3K and Fox customers with an
attractive set of features that will further strengthen our product offering,"
stated Frank Maros, Director of Marketing and Sales for Fox Communications.
The hosted IP PBX service is a converged voice and data package for businesses
that reduces operating costs and enhances communications capabilities by
providing a solid foundation for the deployment of advanced, feature-rich
services and solutions.
About Fox Communications (http://www.foxinternet.com/)
Fox Communications, located in Kirkland, Washington offers personalized
communication plans and exceptional customer service for long distance, Internet
connections, conference calling. For the past 16 years, Fox has provided
thousands of residential and business customers with competitive rates while
exceeding customer expectations. Customers are their top priority, and their
success is built on the value they deliver.
About Javelin (http://www.jvln.net/)
Javelin is a premier provider of communication services; the Javelin
architecture is a true IP, integrated voice and Internet network built using
proven and reliable technology made available from partners like Cisco Systems.
Javelin operates on one network, unlike traditional service providers who build
separate voice and data networks. By eliminating the need to invest in separate
networks, Javelin delivers these services at disruptively lower capital and
operating costs than the circuit-switched and narrowband technologies of
traditional service providers. Javelin enables smaller businesses to take
advantage of communication services that previously have only been feasible for
larger companies to deploy.
The operational efficiencies inherent in our single network approach result in
an unprecedented value for our customers by reducing overhead costs, increasing
functionality, simplifying management, consolidating staffing and incorporating
emerging applications - all of which are so critical for today's smaller
businesses.
About Y3K Secure Enterprise Software (http://www.ythk.com/)
Founded in 1999, Y3K, Inc. initially started as a provider of Secure Internet
commerce software. Through its experience with both businesses and consumers,
Y3K has successfully made the transition to become a leading provider of secure
enterprise software. Y3K's main product is the FusionPak Suite, which includes
ICS (the most secure instant messaging (IM) system on the market today),
CommerceManager (a state-of-the-art Internet commerce engine), Market Portal, a
sophisticated business data management tool and other enterprise business
software applications.
This report includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934. The information in this news release includes certain
forward-looking statements that are based upon assumptions that in the future
may prove not to have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of the company.
Although the company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.
DATASOURCE: Y3K Secure Enterprise Software, Inc.
CONTACT: Y3K Secure Enterprise Software, Inc., Jennifer Stephens,
(253) 284-2935, (YTHK)