IP-based Operations Functioning Normally
WASHINGTON, Jan. 3 /PRNewswire/ -- eGlobe, Inc. (Nasdaq: EGLO) today
announced that its global IP-based network and operating platforms around the
world successfully made the "Y2K" transition. Tests on the Company's World
Direct network throughout the evening of December 31, 1999 and morning of
January 1, 2000 confirm measures taken by eGlobe to ensure proper operation of
the network and platforms were functioning with no evidence of Y2K related
problems. eGlobe will continue to monitor its operations throughout the week
as an extra precaution, but management believes there is little likelihood at
this time that it will encounter any Y2K issues.
Commenting on the company's Y2K performance, eGlobe's Network Services
President, Jeff Gee said, "Like other companies, eGlobe addressed the Y2K
issue seriously and went to great lengths to test and upgrade its facilities
and operations. Today's news is a clear indication that those efforts were
successful. eGlobe remains well positioned for continued expansion of its
global IP network for 2000 and beyond."
eGlobe is a leading supplier of global telecommunications and information
services, including Voice over IP, Telephone Portal and Unified Messaging
Services, other international Internet and inter-networking services, and
calling card services, along with related validation, billing and payment
systems. eGlobe operates in partnership with telephone companies and ISPs
around the world. Through its World Direct network, eGlobe originates traffic
in 90 territories and countries and terminates anywhere in the world. eGlobe
provides its services principally to large national telecommunications
companies, to ISPs and Portals, and to financial institutions.
Certain statements in this news release are "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 and
involve known and unknown risks, uncertainties and other factors that may
cause the Company's actual results, performance or achievements to be
materially different from the results, performance or achievements expressed
or implied by the forward looking statement. Factors that impact such forward
looking statements include, among others, the ability of the Company to
attract additional business, the ability of the Company to successfully
integrate acquisitions and mergers, complete software development and offer
new products, changes in expectations regarding restructurings, including tax
liabilities and reductions in cost, possible changes in collections of
accounts receivable, risks of competition, price and margin trends, changes in
worldwide general economic conditions, changes in interest rates, currency
rates and worldwide competition.
SOURCE eGlobe, Inc.
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Related links:
http://www.eglobe.com
CONTACT:
Allen Mandel, Senior VP Corporate Affairs of
eGlobe, 800-688-0092; or John Heilshorn, 212-838-3777, or
john@lhai.com, or Kris Otridge, 415-433-3777, or
kris@lhai-sf.com, both of Lippert/Heilshorn & Associates, for
eGlobe
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