TUCSON, Ariz., Sept. 27 /PRNewswire/ -- Wavetech International Inc.,
(OTC Bulletin Board: ITEL), the leading provider of Internet-enabled
international long distance services, announced today that it will be changing
its corporate name to BestNet Communications Corp. The name change is subject
to approval from Wavetech's shareholders, which is expected later today at its
Annual General Meeting. The new name was chosen to more accurately reflect
the company's focus on expanding its business in the emerging global
e-communications market. The company's trading symbol will remain the same.
"The launch of the BestNet Communications name signals an exciting new
approach for our company," said Gerald Quinn, President and CEO, BestNet
Communications. "It symbolizes our intent to grow the company by expanding
our Web-based product lines. The new name also more accurately reflects our
focus on e-commerce and our goal of extending Bestnetcall.com, our Web-based
long distance service, to the global market."
Bestnetcall.com, a service of BestNet Communications, is the first
commercial quality Internet-based long distance service designed for
businesses. The service reduces the cost of calling internationally by up to
75 per cent and offers conference calling, real-time call detail and billing
history as well as convenience features at no additional costs.
About BestNet Communications Corp.
BestNet Communications is a Web-based telephony company, offering advanced
communications products to businesses and individuals worldwide. The company
provides customers access to its network, using international, standards-based
Internet and telephony architecture deployed through its points of presence,
located in Canada and the United States. Bestnetcall.com is the industry's
first Internet-enabled long distance service, which combines global Internet
access and control with the Public Switched Telephone Network (PSTN). The
BestNet Call System provides toll quality, global access, low rates, real-time
billing and call management features -- all without a requirement for special
software or hardware. To learn more about Bestnetcall, visit the Web site at
http://www.bestnetcall.com. For corporate information about BestNet Communications
Corp., visit http://www.bestnetcom.com.
SOURCE BestNet Communications Corp.
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Related links:
http://www.bestnetcom.com
Company News On-Call:
http://www.prnewswire.com/comp/111429.html or fax,
800-758-5804, ext. 111429
CONTACT:
Media relations, Michelle Naval-Mullins of
High Road Communications, 416-368-8348, Ext. 262,
mnaval@highroad.com, for BestNet Communications Corp.
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