Acceris Communications Inc.

Acceris Communications Inc.

March 31, 2005 08:30 ET

Acceris Communications Reconfigures Board Of Directors In Anticipation Of Sale Of Telecommunications Business


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ACCERIS COMMUNICATIONS INC.

OTC Bulletin Board SYMBOL: ACRS
TSX SYMBOL: CXS

MARCH 31, 2005 - 08:30 ET

Acceris Communications Reconfigures Board Of Directors
In Anticipation Of Sale Of Telecommunications Business

PITTSBURGH, PENNSYLVANIA--(CCNMatthews - March 31, 2005) - Acceris
Communications Inc. (OTCBB:ACRS), a Florida corporation, announced today
that, in conjunction with the expected sale of its telecommunications
business, it has reconfigured its Board of Directors to reflect the new
operating strategy and the contracted nature of the continuing
operations of the Company. James Meenan and Frank Tanki have resigned as
directors of the Company, recognizing that their experience may not
materially contribute to the Company's future operating plans. In
addition, Kelly Murumets and William Lomicka have resigned in order to
downsize the Board to reflect the reduction in the size of the Company
and to maintain the ratio of independent to non-independent directors.
The foregoing changes reduced the current Board size to four members,
comprised of Henry Toh and Hal Heaton (both independent) and Allan
Silber and Samuel Shimer (both affiliated with Acceris' parent, Counsel
Corporation). None of the resignations were for cause.

As a result of these changes, the Board has appointed Allan Silber as
Chairman of the Board, Henry Toh as Chairman of the Audit Committee and
Hal Heaton as Chairman of the Special Committee of Independent Directors.

About Acceris Communications

Acceris Communications Inc., through its wholly-owned subsidiary,
Acceris Communications Corp., is a broad based communications company
serving residential, small and medium-sized business and large
enterprise customers in the United States. 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
offers its communications products and services both directly and
through a network of independent agents, primarily via multi-level
marketing and commercial agent programs. Acceris, through its
wholly-owned subsidiary, Acceris Communications Technologies Inc.,
offers a proven network convergence solution for voice and data in Voice
over Internet Protocol ("VoIP") communications technology and holds two
foundational patents in the VoIP space. Acceris is a subsidiary of
Counsel Corporation (TSX:CXS). For further information, please visit
Acceris' website at www.acceris.com.

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. 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
statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Acceris Communications Inc.
    Gary M. Clifford
    Chief Financial Officer & VP of Finance
    (416) 866-8170
    clifford@acceris.com
    or
    Acceris Communications Inc.
    Stephen A. Weintraub
    Senior Vice President & Secretary,
    (416) 866-3058
    sweintraub@acceris.com