Acceris Communications Inc.

Acceris Communications Inc.

March 28, 2005 08:01 ET

Acceris Communications Inc. Enters Into A Letter Of Intent To Sell Acceris Communications Corp. To Platinum Equity's Matrix Telecom



OTC Bulletin Board SYMBOL: ACRS

MARCH 28, 2005 - 08:01 ET

Acceris Communications Inc. Enters Into A Letter Of
Intent To Sell Acceris Communications Corp. To
Platinum Equity's Matrix Telecom

SAN DIEGO, CALIFORNIA--(CCNMatthews - March 28, 2005) - Acceris
Communications Inc. (OTCBB:ACRS) announced today that it has entered
into a letter of intent to sell its 100% ownership interest in its
communications services subsidiary, Acceris Communications Corp.
("Acceris"), to Matrix Telecom®, a Platinum Equity company. Under the
letter of intent, Acceris Communications Inc. would receive cash and
other consideration for the transfer of all of the shares of Acceris to

"We are extremely pleased at the prospect of engaging in a transaction
with companies that have the reputation, experience and resources of
Matrix and Platinum Equity", said Kelly Murumets, President of Acceris
Communications Inc. "The proposed transaction will give Acceris the
ability to gain scale and continue to improve operating efficiencies."

Finalization of the sale is contingent upon the execution of a Share
Purchase Agreement, approval by Acceris Communications Inc. shareholders
and Board of Directors, regulatory approval, and other customary closing
conditions. The companies anticipate executing the agreement by April
30, 2005, and closing the proposed transaction during the third quarter
of 2005. During the interim period between executing the agreement and
closing the transaction, the parties are expected to enter into a
management services agreement.

"This will be another outstanding add-on to expand the capabilities of
Matrix Telecom," said Johnny O. Lopez, Executive Vice President for
Global Mergers & Acquisitions at Platinum Equity. "Along with the
pending acquisition of Global Crossing's Small Business Group, Acceris'
network, services and product capabilities will help create value by
further solidifying Matrix's position in the marketplace."

About Matrix Telecom

Matrix Telecom Inc., a Platinum Equity company, is a fully integrated,
facilities-based telecommunications carrier providing premium quality
voice and data services to a nationwide customer base. Headquartered in
Dallas, Texas, Matrix Telecom offers a complete line of voice, data, and
Voice over IP products servicing the residential and business markets.
Matrix Telecom offers wholesale products direct to other carriers, as
well as retail products distributed through resellers and agents. Matrix
Telecom is committed to providing customized communication services that
exceed customers' expectations for quality, value, and reliability. For
more information, please visit the Matrix Telecom website at

About Platinum Equity

Platinum Equity ( is a global M&A&O® firm
specialized in the merger, acquisition, and operation of
mission-critical services and solutions companies. Since its founding in
1995, the firm has completed more than 65 transactions, building a
diverse portfolio of companies with nearly 40,000 employees, more than
600,000 customer sites, and a multi-billion dollar revenue base.
Platinum Equity in 2004 was named the 32nd largest private company in
the United States by Forbes magazine.

About Acceris Communications Inc.

Acceris Communications Inc. is a broad based communications company
serving residential, small and medium-sized business and large
enterprise customers in the United States through its subsidiary Acceris
Communications Corp. A facilities-based carrier, it provides a range of
products including local dial tone and 1+ domestic and international
long distance voice services, as well as fully managed and fully
integrated data and enhanced services. Acceris Communications Inc.
offers its communications products and services both directly and
through a network of independent agents, primarily via multi-level
marketing and commercial agent programs. For further information, please
visit Acceris Communications Inc.'s website at

Forward-Looking Statements

This release contains certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act, as amended that are based on
management's exercise of business judgment as well as assumptions made
by and information currently available to management. When used in this
document, the words "may," "will," "anticipate," "believe," "estimate,"
"expect," "intend" and words of similar import, are intended to identify
any forward-looking statements. You should not place undue reliance on
these forward-looking statements. Negotiations with respect to the
transaction that are the subject of this release are ongoing and may
result in significant modifications to the transaction. There can be no
assurance that the transaction that is the focus of this release will be
concluded, or if concluded that it will be concluded on terms currently
contemplated. These statements reflect our current view of future events
and are subject to certain risks and uncertainties as noted in our
securities and other regulatory filings. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions
prove incorrect, our actual results could differ materially from those
anticipated in these forward-looking statements. We undertake no
obligation and do not intend to update, revise or otherwise publicly
release any revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the
occurrence of any unanticipated events. Although we believe that our
expectations are based on reasonable assumptions, we can give no
assurance that our expectations will materialize. Many factors could
cause actual results to differ materially from our forward-looking


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