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TELECOMMUNICATIONS INDUSTRY ASSOCIATION SELECTS PREMIERE CONFERENCING AND XPEDITE TO INCREASE MEMBER COMMUNICATIONS
KANSAS CITY, KS and TINTON FALLS, NJ (February 4, 2002) Premiere Conferencing (www.premconf.com), an industry leader for automated, enhanced and Web-based conferencing solutions and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK; www.ptek.com), today announced that the Telecommunications Industry Association (TIA), the leading trade association in the communications and information technology industry, has selected ReadyConferenceSM from Premiere Conferencing for its automated conferencing service, and PremiereCall for its larger events. TIA will also be using Premiere Conferencing's Web-based collaboration services ReadyCastSM and VisionCast®. In addition, TIA has selected Xpedite, the leading provider of multimedia messaging, to provide broadcast fax and email messaging, through its messageREACHSM service, for member communications.
"We chose Premiere Conferencing and Xpedite as part of our e-association initiative, because their services provided us with the ability to communicate quickly and effectively with our growing membership," said Dan Bart, TIA's Senior Vice President of Standards and Special Projects. "Premiere Conferencing's services are well suited for TIA meetings, engineering committee meetings, planning and training sessions, and member education programs, and Xpedite's messaging capabilities help us stay in touch with our membership on an ongoing basis."
"We are pleased to provide services to an organization that represents leaders in the telecommunications industry," said Ted Schrafft, President of Premiere Conferencing. "Our suite of services from high-end operator assisted calls such as PremiereCall to reservationless automated conferencing services like ReadyConference proved to be the perfect solution for TIA."
TIA is the leading trade association serving the communications and information technology industry, with proven strengths in market development, trade shows, domestic and international advocacy, standards development and enabling e-business. The association provides a market-focused forum for its more than 1,100 member companies that manufacture or supply the products and services used in global communications.
About Premiere Conferencing
Premiere Conferencing (www.premconf.com) is a full service, global provider of enhanced, automated and Web-based collaboration solutions. As a business unit of Ptek Holdings, Inc. (NASDAQ:PTEK - news; www.ptek.com), the company facilitates group communications through its breadth of services and proprietary technology. Premiere Conferencing's Web-enabled services, ReadyCastSM and VisionCast®, combine live demo, audio conferencing and leading-edge Internet technology to provide remote, interactive broadcasts and collaborative presentations. Premiere Conferencing's domestic and international client base includes more than 49,000 organizations from various industries, including technology, healthcare, investor relations, financial, public relations and market research. Its client base includes IBM Corporation, HCA The Healthcare Company, Hewlett-Packard, Merck, Merrill Lynch, SGI, Charles Schwab and PaineWebber. Premiere Conferencing has domestic headquarters and operations centers in Lenexa, Kan., and Colorado Springs, Colo., and operations in Canada, Australia, Japan, Hong Kong, Singapore, United Kingdom, Germany and France.
About Xpedite
Xpedite (www.xpedite.com) is a global leader in multimedia messaging and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK). Xpedite offers a full range of value-added multimedia messaging services worldwide that manage and facilitate the electronic distribution of information to all types of electronic addresses including fax, e-mail, wireless and voice. Xpedite processed approximately 1.6 billion messages in 2000, and was named by IDC as the worldwide leader in fax-based messaging. The company's messageREACHSM (www.messagereach.com) service offers the most robust outsourced e-mail applications available, providing control, tracking, security, personalization and automated administration for high volume e-mail distribution. Xpedite's diverse client base includes almost half of the Fortune 500 companies, including such industry leaders as Boeing, Bank One, Marriott, Merck, Xerox and Chase Manhattan. Xpedite has sales offices in 30 locations throughout the United States and 25 international offices, including Tokyo, London, Sydney, Seoul, Singapore, Brussels, Munich, Paris, Milan, Hong Kong, Taipei, Geneva, Zurich and Kuala Lumpur.
About Ptek Holdings, Inc.
Ptek Holdings, Inc. (NASDAQ: PTEK - news) is a leading provider of communications and data services, including conference calling and Web-based collaboration; high-volume fax, e-mail and voice message delivery; and personal communications management systems that handle voice mail, e-mail and personal content. Ptek's business units include Premiere Conferencing, Xpedite and Voicecom.
Ptek Holdings corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta, GA 30326. Additional information can be found at www.ptek.com.
For Investor Relations-related inquiries, please contact Eric Martin at 404-504-2461.
# # # Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including the following factors: competitive pressures among communications and data services providers, including pricing pressures, may increase significantly; Ptek's ability to respond to rapid technological change, the development of alternatives to its products and services and the risk of obsolescence of its products, services and technology; market acceptance of new products and services; development of effective marketing, pricing and distribution strategies for new products and services; strategic investments in early stage companies, which have limited operating histories and are subject to significant risks, may not be successful and returns on such strategic investments, if any, may not match historical levels; the value of Ptek's business may fluctuate because the value of some of its strategic equity investments fluctuates; Ptek's strategic investments in companies that are subject to the Securities Exchange Act of 1934 are subject to the risks disclosed by those companies in their public filings; Ptek may incur significant costs and may be forced to make disadvantageous business decisions to avoid investment company status, and Ptek may suffer adverse consequences if it is deemed to be an investment company; Ptek's ability to manage its growth; costs or difficulties related to the integration of businesses and technologies, if any, acquired or that may be acquired by Ptek may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; Ptek may not realize the full extent of the cost savings expected from announced workforce reductions; the success of Ptek's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation or adverse results of current or future infringement claims; risks associated with interruption in Ptek's services due to the failure of the platforms and network infrastructure utilized in providing its services; risks associated with expansion of Ptek's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which Ptek is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which Ptek is engaged; and changes in the securities markets may negatively impact Ptek.
For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 2000 and in subsequent filings filed with the Securities and Exchange Commission.
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