| Epixtar
Corp. Files For Chapter 11 Bankruptcy Protection
Tuesday, October 11, 2005
October 11, 2005. Miami, FL. Epixtar Corp. (“EPXR.OB”),
together with all of its significant United States subsidiaries,
filed in the Miami Federal Bankruptcy Court on October 6,
2005 for protection under Chapter 11 of the Federal Bankruptcy
Code. A similar filing was made in the Philippines on October
7, 2005 on behalf of the Company’s Philippine subsidiary.
“The action is the necessary and responsible step to
preserve Epixtar’s value for our creditors, customers,
employees, business partners and other stakeholders as we
address our financial challenges and work to secure our future,”
said Martin Miller, Epixtar’s Chief Executive Officer.
“Epixtar is open for business as usual and will continue
normal operations throughout the reorganization process. Our
first priority remains our clients- we are committed to continue
to provide them with the quality service that they have come
to expect from Epixtar.”
About Epixtar Corp.
Epixtar aggregates contact center capacity and robust telephone
system infrastructure to deliver comprehensive turnkey services
to the enterprise market. From campaign design through ongoing
management, Epixtar delivers value-driven, creative outsourcing
solutions for customer relationship management and telesales
initiatives of its clients. 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 office
is in Miami, FL, and it currently has three contact centers
in the United States and one contact center in Manila, Philippines.
Forward-Looking Statements
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform
Act of 1995. 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 the Company undertakes
no obligation to update any such forward-looking statements.
No undue reliance should be placed on forward-looking statements,
which reflect management's opinions only as of the date made.
Forward-looking statements are made in reliance upon the safe
harbor provisions of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and the Private Securities Litigation
Reform Act of 1995.
For more information please contact:
Gary Meringer, General Counsel
305-503-8600
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