Ecuity (CE) (USOTC:ECUI)
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Ecuity Reports 13.3% Increase in Proceeds in October
Company Ascribes Rise to Increased Sales of VoIP to Small and Medium Size
Businesses
BELLEVUE, WA, Nov. 23 /PRNewswire-FirstCall/ -- Ecuity, Inc., (OTCBB:
ECUI.OB), an end-to-end unified communications and technologies company serving
the small- to medium-business and residential markets, reported today, a
significant 13.3% rise in cash receipts during the month of October compared to
September. It has identified sales of Voice over Internet Protocol (VoIP) to
small and medium size businesses as a significant source of revenue growth.
The company reported that October receipts rose to $315,101 from $278,224 in
September. The company said that the overwhelming majority of the increase
resulted from sales of its VoIP services, noting that in the past ninety days,
it has added 475 new lines for VoIP services.
King Cole, Ecuity's president, "Our V-Tone offering of VoIP services to small
and medium size businesses has received a very favorable reception from
companies in the region since we launched the service this summer. According to
the feedback we are getting from the field, these small and medium size
businesses are pleased with the ease of switching to VoIP services, the
terrific voice quality, the features that equal those previously available only
to large businesses and the cost savings. As the news of their satisfaction
spreads, we believe that we will see a continued upsurge in new lines, new
customers and expanded revenue. It is exciting to witness the successful
transition from our legacy services to becoming a leader in the VoIP industry."
Ecuity is the first facilities-based carrier to offer complete business-class
VoIP services, including a "soft phone," both nationwide and internationally -
with voice quality equal to or better than traditional phone service at
significant cost savings. Ecuity provides Business class VoIP, broadband
services, technical support, centralized billing and superior customer service.
It offers both Centrex call features and traditional equipment based PBX call
services.
As a result of its success in delivering cutting edge Voice over Internet
Protocol (VoIP) services to customers nationwide, Ecuity's subsidiary Ecuity
Advanced Communications was named to the 2004 "Pulver 100" - which is the VoIP
industry's premiere listing of companies that represent the future of the
communications industry.
Ecuity's innovative VoIP services, V-Tone Office, V-Tone Small Office and Smart
Call, are available virtually anywhere in the country and in international
markets today. It takes only a phone call to 1 866-41 VTONE (1 866-418-8663) or
a visit to http://www.ecuity.net/ to arrange to install service or secure a
custom solution quotation.
About Ecuity, Inc. (http://www.ecuityinc.com/)
Ecuity is a provider of secure end-to-end unified communication technologies
for the small- to medium-business market. Ecuity uses secure next-generation
voice services, instant messaging, data transfer, Internet, conference calling
and enterprise software to create solutions that meet the communication needs
of today's business world. As a facilities-based carrier, Ecuity has operated
as a traditional telephone company for 17 years, providing service to thousands
of customers across the country.
Through the integration of web-based telecommunications and cutting-edge
software technology, Ecuity economically delivers secure unified communication
solutions that break down distance, time and media barriers to allow people to
communicate anywhere, anytime and across multiple mediums. Ecuity has offices
in Bellevue and Seattle, Washington. Available virtually anywhere in the
country and in international markets, it takes only a phone call to 1
877-4-ECUITY (1 877-432-8489) or visit http://www.ecuity.net/ to order service.
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.
For Ecuity:
Jennifer Stephens
Telephone: (206) 210-5033
Investor Relations
Truc Nguyen
VP, Investor Relations
Stern & Co.
Telephone: (212) 888-0044
Media Relations
Stan Froelich
VP, Media Relations
Stern & Co.
Telephone: (212) 888-0044
DATASOURCE: Ecuity, Inc.
CONTACT: For Ecuity: Jennifer Stephens, Telephone: (206) 210-5033,
; Investor Relations, Truc Nguyen, VP,
Investor Relations, Stern & Co., Telephone: (212) 888-0044,
; Media Relations, Stan Froelich, VP, Media Relations,
Stern & Co., Telephone: (212) 888-0044,