GRAND RAPIDS, Mich., May 14 /PRNewswire-FirstCall/ --
BestNet Communications Corp. (OTC Bulletin Board: BESC), a provider of
patented Internet-based communications solutions, today announced that it has
completed a private placement of $800,000 of convertible secured promissory
notes through Equity Securities Investments, Inc.
The Company's Bestnetcall service uses the Web to deliver value by
creating communication solutions including long distance and conference
calling. Customers in more than 120 countries currently use Bestnetcall,
which requires no changes to existing phone systems or special hardware or
software to operate. Corporate and residential customers can save up to 70
percent using Bestnetcall.
"This infusion of capital will help us further accelerate our growth
plan," said Robert Blanchard, president and chief executive officer for
BestNet. "We continue to work hard at addressing the capital requirements to
grow our business substantially and create shareholder value."
About BestNet:
BestNet Communications Corp. is an Internet-based provider of long
distance, conference calling and e-commerce communication services. BestNet's
products blend key attributes of the Internet with traditional telecom
technologies, offering a fresh approach to consumer and business markets.
Under the brand name Bestnetcall (http://www.Bestnetcall.com ), the patented service
offers subscribers premium quality calls, at significantly lower rates.
Calls can be also launched via the desktop application or handheld devices
including Palm(TM), Pocket PC (R) and Blackberry(TM) and used with any
standard or wireless phone.
This release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby. These statements
include the plans and objectives of management for future operations,
including plans and objectives. The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive, and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the Company. Although the
Company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
therefore, can be no assurance that the forward-looking statements included in
this release will prove to be accurate.
SOURCE BestNet Communications Corp.
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Related links:
http://www.Bestnetcall.com
CONTACT:
Bob Blanchard, President & CEO of BestNet
Communications Corp., +1-616-977-9933; Jeff Lambert, Brian
Edwards or Ryan McGrath of Lambert, Edwards & Associates, Inc.,
+1-616-233-0500, mail@lambert-edwards.com , for BestNet
Communications Corp.
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