Epixtar and FTC Reach Agreement

Tuesday, July 06, 2004 - 12:57 pm ET

MIAMI - (BUSINESS WIRE) - July 6, 2004 - Epixtar Corporation (OTCBB:EPXR - News) today announced that it had reached a stipulated final judgment and order for permanent injunction with the Federal Trade Commission. The FTC had previously sued Epixtar for allegedly engaging in unfair and deceptive acts and practices in connection with the sale of its Internet (ISP) services. The mutually agreed upon Order is remedial in nature and "does not constitute and shall not be interpreted to constitute an admission by Epixtar or its ISP subsidiaries, or a finding that Epixtar or its ISP subsidiaries have engaged in violations of any law or regulations, including the Federal Trade Commission Act".

The agreement was reached between counsel for Epixtar and the Regional Director of the FTC's northeast region where the original case was filed and executed by the chief executive of the Company on June 23, 2004. As is customary in matters of this type, the order will be submitted to the district court Judge for her approval upon the anticipated execution by the full Commission.

About Epixtar Corp.

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 and it currently operates two contact centers in Manila, Philippines, is developing a call center in Dumequete, Philippines, and plans to expand to additional sites 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.

Contact:
EPIXTAR Corporation, Miami
Harry B. Fozzard
hfozzard@epixtar.com

Source: EPIXTAR Corporation