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Epixtar Completes Acquisition of Philippine Call Center Company
Wednesday, March 3, 2004 - 9:23 am ET

Company to Have Up To 2000 Contact Center Seats by August '04

MIAMI - (BUSINESS WIRE) - March 3, 2004 - Epixtar Corp. (OTCBB:EPXR - News) today announced that it has completed the acquisition of the assets of I-Call Global Services Corp.'s Manila, Philippines-based call center. The Company stated that the purchase price is 46 Million Philippine Pesos (approximate 815 Thousand U.S. Dollars) in cash and stock.

Since early September 2003, Epixtar, under a separate arrangement, assumed responsibility from the former ownership for day-to-day management of the call center where the assets are located. The Company utilizes the center's capacity primarily to market services on behalf of its enterprise clientele, including a tier-one telecommunications carrier and a Fortune 500 business information company.

Epixtar currently has approximately 250 contact center seats in operation in the former I-Call facility in Alabang (a Manila suburb) and is nearing phase-one completion of its Regional Headquarters in Eastwood City, Manila.

Upon completion, the Company's Eastwood City flagship, a 12-story office building known as Epixtar House, will have approximately 1,750 contact center seats. "We're on schedule to bring up around 350 seats a months over the next five months beginning in April," said Sneharthi Roy, Epixtar's senior vice-president for call center development. "This timing coincides with capacity demand from existing enterprise contracts for Epixtar's services."

Epixtar officials also confirmed that the Company, responding to the wishes of its current and prospective clients, has decided to delay its entry into the Indian market and emphasize the advantages of the Philippines as an outsourcing destination. Epixtar is considering several other sites in the Philippines at this time and hopes to rapidly expand capacity in the near future.

About Epixtar

Epixtar Corp. is the parent company of Epixtar International Contact Center Group, Ltd. (EICCG), Epixtar Communications Corp. (ECC) and the NOL Group, Inc. (NOL). ECC is a wholesale telecommunications provider. NOL provides Internet services to small and medium sized businesses.

EICCG, Epixtar's most active subsidiary, is a business process outsourcing (BPO) company - aggregating contact center capacity and robust telephony infrastructure to deliver comprehensive, turnkey services to the enterprise market. From campaign design through ongoing management, Epixtar delivers value-driven, creative outsourcing solutions for the customer relationship management (CRM) and telesales initiatives of third-party companies. Companies use Epixtar's marketing expertise and well-trained personnel to acquire, support, and enhance the customer experience, reduce costs and generate top-line revenue. Epixtar's corporate headquarters is in Miami, Florida and it currently maintains two contact centers in Manila, Philippines, with developmental plans to expand to additional centers over the next 24 months.

Forward-looking Statements

This Press Release may contain "forward-looking statements," regarding EPIXTAR's business, customers, partners, future products and services, estimates of future business prospects or financial results, statements regarding EPIXTAR'S objectives, expectations, intentions, beliefs or strategies, or statements containing words such as "believe," "project," "expect," "intend," "may," "anticipate," "plans," "seeks," or similar expressions. It is important to note that EPIXTAR's actual results could differ materially from those in such forward-looking statements, and undue reliance should not be placed on such statements. Among the important factors that could cause such actual results to differ materially are (i) the timing of significant orders for EPIXTAR's products and services, (ii) variations in the terms and the elements of services offered under EPIXTAR's standardized contract for future service offerings, (iii) changes in applicable accounting principles, (iv) difficulties or delays in implementing EPIXTAR's service offerings, (v) failure to achieve sales, marketing and other objectives, (vi) construction delays of new call centers, (vii) delays in EPIXTAR's ability to develop new products and services and market acceptance of new products and services, (viii) rapid technological change, (ix) loss of significant customers, (x) risks inherent in conducting business abroad, (xi) currency fluctuations, (xii) fluctuations in business conditions and the economy, (xiii) EPIXTAR's ability to attract and retain key management personnel, (xiv) the marketplace's continued acceptance of EPIXTAR's service offerings, (xv) EPIXTAR's ability to continue the growth of its support service revenues through additional technical and customer service centers, (xvi) EPIXTAR's ability to further penetrate into vertically integrated markets, (xvii) EPIXTAR's ability to expand its global presence through strategic alliances and selective acquisitions, (xviii) EPIXTAR's ability to continue to establish a competitive advantage through sophisticated technological capabilities, (xix) the ultimate outcome of certain regulatory actions, (xx) EPIXTAR's ability to recognize deferred revenue through delivery of products or satisfactory performance of services; and (xxi) EPIXTAR's continued ability to attract and obtain adequate financing (xxii) other risk factors listed from time to time in EPIXTAR's registration statements and reports as filed with the Securities and Exchange Commission. All forward-looking statements which may be contained in this Press Release are made as of the date that such statements are originally published or made, and EPIXTAR undertakes no obligation to update any such forward-looking statements. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995.


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Contact:
Epixtar Corp., Miami
Harry Fozzard
hfozzard@epixtar.com


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Source: Epixtar Corp.



 

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