Epixtar Reaches Preliminary Understanding With FTC
Thursday, November 13, 2003 -
12:01 pm ET
Projects 230% Increase of
9-Month Revenue Over Last Year's Same Period
MIAMI - (BUSINESS WIRE) - Nov. 13, 2003 -
Epixtar Corp. (OTCBB:EPXR - News) announced today that it
has reached an interim understanding with the Federal Trade
Commission regarding principal terms of a mutually agreed
upon preliminary injunction. If, as and when that preliminary
injunction is finalized, the Company's subsidiaries can resume
operations.
Previously the Company announced it had been sued by the FTC
in an action pertaining to the marketing practices of the
Company's ISP subsidiaries.
The parties have agreed to postpone a hearing on the matter,
previously scheduled for today, November 13, 2003, and work to
negotiate further details and draft language for the proposed
voluntary injunction.
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
Source
EPIXTAR CORP.
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