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Epixtar to Acquire Assets of
Bombay Call Center
Monday, July 28, 2003 - 9:26 am ET
120-Seat Center Currently Undergoing Expansion and Renovation
to Accommodate 1,000 Seats
MIAMI - (BUSINESS WIRE) - July 28, 2003 - Epixtar Corp. (OTCBB:EPXR
- News) today announced that it has executed a Memorandum
of Understanding with Global e-Services Pvt. Ltd, to acquire
its Bombay-based call center assets and for the lease and
expansion of this facility. The 120-seat facility is currently
undergoing expansion and renovation and will accommodate 1,000
call center seats within six months of closing the transaction
-- anticipated to be on or before October 15, 2003. This will
complement Epixtar's planned facilities in Calcutta and Manila,
bringing the total number of seats currently under development
to 4,000, with additional plans to develop capacity in South
Africa in FY 2004.
In a related agreement, Epixtar has agreed to take over the
day-to-day operations of the call center on August 4, 2003,
and will begin utilizing the center's capacity to market its
ISP and telecommunications services.
"This acquisition gives Epixtar an excellent foundation
for future capacity growth in India, as well as a low cost
outlet for the sales of our internal brands," said David
Srour, president and chief operating officer of Epixtar Corp.
"This state of the art facility certainly represents
a major leap forward in our business process outsourcing expansion
plans."
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
in India, the Philippines, and the Caribbean.
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
Epixtar Corp., Miami
Public Relations:
Harry B. Fozzard
hfozzard@epixtar.com
or
Epixtar Corp., New York
Investor Relations:
Ed Belak, 212-697-5200
ebelak@epixtar.com
Source
EPIXTAR CORP.
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