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Pulver.com Honors iBasis with "Billion Minutes Served" Award for Record Global Internet-Based Voice Traffic
Internet Telephony Leader Recognized for Extraordinary Growth, Tier One Scale; iBasis Now One of Top 15 International Carriers Worldwide1
SEATTLE, WA-April 8, 2002 -iBasis, Inc., (Nasdaq: IBAS), the leader in Internet-based voice communications, today announced that it received the "Billion Minutes Served" award from IP Voice and communications pioneer, Pulver.com, producer of the 2002 Spring VON (Voice on the Net) conference (www.pulver.com/von), which is being held here from April 8-11. Pulver.com is presenting this award to iBasis for achieving record traffic volumes in worldwide Internet telephony and for the company's leadership in IP-based voice services. The Pulver.com "Billion Minutes Served" award recognizes iBasis for the more than 1.4 billion minutes of Voice over IP (Internet Protocol) traffic carried by The iBasis NetworkTM in 2001.
iBasis delivers global voice service for more than 150 carriers - more than 60 percent of whom are Tier One providers, the world's largest and most demanding carriers. The iBasis Network has more than 620 points of presence in more than 80 countries. iBasis was recently ranked by global service providers, ahead of many major, traditional Tier One carriers, as the world's best international wholesale carrier2.
"We are delighted to receive this wonderful honor from Jeff Pulver and his organization, Pulver.com, one of the great, driving forces behind the growth of our industry," said Ofer Gneezy, president and CEO of iBasis. "In less than five years, we, along with ITXC and Net2Phone have built a new industry: Tier One Internet telephony. As proud as I am of our industry's remarkable growth and accomplishments, I believe that our best days are still ahead of us. Even as we receive this award for having carried more than a billion minutes of voice traffic last year, we have a traffic run rate that exceeds 2 billion minutes annually. As we move into the remainder of 2002, we see continuing growth, higher revenues and higher margins, and are looking forward to crossing over to positive EBITDA in the second half of this year."
"Ofer Gneezy and iBasis have done as much as anyone in the industry for Internet telephony, as they continue to set new benchmarks for service quality and global scale," said Jeff Pulver, CEO of Pulver.com. "The extraordinary traffic volumes, for which we are honoring iBasis at VON, have been central to the emergence of VoIP transport from its origins five years ago as a niche service, to today's mainstream alongside the giants of global telecommunications."
About VON
The VON (Voice on the Net) Conferences have become the most prominent industry gatherings focused on the convergence of the telecom and Internet industries. Produced by Key3Media, Spring 2002 VON is being held April 8th through April 11th at the Washington State Convention and Trade Center in Seattle, and hosts more than 100 exhibitors and 250 presenters, including AT&T, Hewlett Packard, Cisco, Microsoft Corporation, and Texas Instruments. For more information on the VON conferences and Pulver.com, visit: www.pulver.com .
About iBasis
Founded in 1996, iBasis (Nasdaq: IBAS) is the leader in Internet-based voice communications. iBasis delivers toll quality international voice services and provides the infrastructure for hosted communications solutions, including speech-enabled content, e-commerce and customer service applications. The company's customers include many of the largest carriers and enterprises in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, ExxonMobil, Gannett, H&R Block, Home Shopping Network, Morgan Stanley, NTT, Qwest, Telefonica, Telenor, Telstra, Sabre Group, Sprint, Western Union, and WorldCom. iBasis' hosted, enhanced service solutions include SpeechPortTM, a scalable, customizable ASP environment for speech-enabled business solutions. The iBasis Network is the world's largest international Cisco Powered Network for Internet Telephony. iBasis is listed in both the Russell 2000® and Russell 3000® Indexes. The company can be reached at its worldwide headquarters in Burlington, Massachusetts, USA at 781-505-7500 or on the Internet at www.ibasis.com .
Assured Quality Routing and iBasis are registered marks; The iBasis Network, Internet Central Office, Internet Branch Office, IP CallCard and SpeechPort are trademarks of iBasis, Inc. or its subsidiaries. Cisco and Cisco Powered Network are registered trademarks of Cisco Systems, Inc. All other trademarks are the property of their respective owners.
Except for historical information, all of the expectations, projections and assumptions contained in the foregoing press release, including those relating to the company's current expectations regarding revenue growth, sources of revenue, margin improvement and future capital expenditures constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, (i) the extent of adoption of the company's voice-based Internet services and the timing and amount of revenue generated by these services; (ii) fluctuations in the market for and pricing of VoIP services; and (iii) the other considerations described as "Risk Factors" in iBasis' Annual Report on Form 10-K for its fiscal year ended December 31, 2000, and the company's other SEC filings. We have no current intention to update any forward-looking statements.
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