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Epixtar Corp Reports Record First
Quarter Results Revenues Increase More Than 600 Percent
Epixtar Corp. Launches Subsidiary to Provide Outsourced Telemarketing
Services
Wednesday, May 28, 2003 - 2:39 pm ET
Company to augment its outsource model with its own offshore
call centers for its own products and products of clients
Miami - May 28, 2003 - EPIXTAR Corp. (OTCBB: EPXR) today
announced the formation of a wholly-owned subsidiary, Epixtar
Marketing Services, Inc. (EMS). EMS will offer Business Process
Outsourcing (BPO) telesales services. This move effectively
leverages Epixtar’s core skills in call center training
and supervision, developed while utilizing offshore telemarketing
centers to profitably market its own B-to-B brands. Offshore
telemarketing is a relatively new phenomenon precipitated
by a high-quality, highly-educated and inexpensive offshore
labor market coupled with abundant global telecom bandwidth
that has dramatically lowered the cost and increased the feasibility
of superior offshore telemarketing.
The Company has received favorable responses to its initial
sales efforts and has begun the preliminary phase of its first
two Fortune 1,000 marketing service campaigns. EMS anticipates
that capacity requirements will exceed those available from
its current call center partners. Therefore the company is
negotiating developing and/or acquiring its own call centers
in India. Negotiations with the State Government of West Bengal
to provide the Company certain development incentives, including
a loan facility, are currently underway and a memorandum of
understanding with the state government may be signed as early
as this week. If completed the call center would be Calcutta’s
largest with a 1,000 seat capacity employing about 2,000 people
from a rented space in Saltlec. The company plans to expand
to approximately 3,000 seats in the long run at a campus near
the city’s airport. “ We would like to use Calcutta
as a base of operations in Asia to complement our existing
operations in the Philippines and our planned expansion into
Malaysia. Our initial investment would be in the range of
US $5 million,” indicated Epixtar officials.
“This is the natural evolution for our Company,”
said Harry Fozzard, Epixtar’s chief marketing officer.
“In a relatively short period of time we have been extremely
successful at acquiring customers for our value-added ISP
and long distance telecommunications services,” he continued.
“We attribute this to highly effective sales training
for our telemarketers and a focused approach to product development
and service delivery. We will continue to sell our products
utilizing existing call center relationships across the globe
as well as use this experience to service other products and
services.”
See Referenced Article in The Telegraph
About Epixtar Corp.
Epixtar is a provider of marketing services - aggregating
contact center capacity and robust infrastructure to deliver
comprehensive, turnkey solutions. From campaign design through
ongoing management, Epixtar delivers value-driven, creative
solutions for telesales initiatives. Epixtar combines global
capacity with innovative performance-based compensation and
proven methodology to deliver highly successful marketing
campaigns. Leading companies use Epixtar’s marketing
expertise and contact center capacity to acquire, support,
and enhance the customer experience, reduce costs and generate
top-line revenue. Based in Miami, Florida, Epixtar conducts
operations throughout the Caribbean Basin, Asia Pacific and
the United States.
Safe Harbor Statement
This release contains statements about expected future events
and financial results that are forward looking. These statements
are based on our estimates and assumptions and are subject
to risks and uncertainties. Actual results could be affected
by a downturn in the economy, new competitive products, slower
rate of growth in member base, higher than anticipated cancellations,
unforeseen expenses, or technical failure related to self
generating web site development or inability to scale server
capacity to meet demand. Forward looking statements include
the information concerning our possible or assumed future
results of operations. Forward looking statements also include
those preceded or followed by the words: "anticipates,"
"believes," "estimates," "hopes"
or similar expressions. For those statements, we claim the
protection of the safe harbor for forward looking statements
contained in the Private Securities Litigation Reform Act
of 1995.
Contact
Harry B. Fozzard
hfozzard@epixtar.com
Source
EPIXTAR CORP.
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