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Epixtar Acquires Contact Center Company
Wednesday, December 1, 2004
IMS Brings New Capacity, Customers and Management
MIAMI - December 1, 2004 - Epixtar Corp. (OTCBB:EPXR) today
announced that it executed the final agreement to acquire
Innovative Marketing Strategies, Inc., including its Philippines
and three United States Call centers. The acquisition is valued
at $7.5 million cash and notes and is scheduled to become
effective on January 3rd, 2005. IMS' financial statements
reflected call center revenue for 2003 of approximately $19
Million.
Epixtar's 2003 revenue as reported was approximately $37
Million.Epixtar, headquartered in Miami, Florida, has contact
center facilities in Eastwood City, CyberPark in Manila; Alabang,
a suburb just south of Metropolitan Manila; Clark Special
Economic Zone; and one under construction in Dumaguete, Philippines.
IMS has call centers in Manila, Philippines; Duluth, Minnesota;
Wheeling, West Virginia; and Pittsburg, Kansas. The combined
companies now have a total of 1312 operational seats and another
3800 scheduled to go live in 2005, with 2253 of those due
to be completed and operational in first quarter '05.
"This represents the next logical step in our development
as a contact center operator," commented Ilene Kaminsky, newly
named chief executive officer of Epixtar. "With IMS' managerial
expertise and book of blue chip business, we believe this
will give us additional reasons to be considered the contact
center of choice both in the Philippines and the United States"
"We are thrilled to be joining Epixtar. They have consistently
led the industry's move offshore with an unparalleled understanding
of operations and management in the Philippines," according
to Brad Yeater Epixtar's executive vice president of operations
and former president of IMS. We now have the ideal platform
to continue the expansion that our clients and shareholders
expect."
About Epixtar
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, Florida and
it currently maintains two contact centers in Manila, Philippines,
with developmental plans to expand to additional centers 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..
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Contact:
Peter Nasca pnasca@epixtar.com (305) 937-1711
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Source: Epixtar Corporation
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