C2 Global Technologies Inc.
OTC Bulletin Board : ACRS
OTC Bulletin Board : COBT

C2 Global Technologies Inc.

August 15, 2005 08:00 ET

C2 Global Technologies Inc. Announces New Trading Symbol And Completion Of Name Change

PITTSBURGH, PENNSYLVANIA--(CCNMatthews - Aug. 15, 2005) - C2 Global Technologies Inc. (OTCBB:COBT) (f/k/a Acceris Communications Inc. (OTCBB:ACRS) today announced that it has completed its name change, which had been approved by shareholders on August 5, 2005, and has been assigned a new OTC-BB trading symbol. Effective at the opening of markets on August 15, 2005, the new trading symbol for C2 Global Technologies Inc. will be COBT.OB. In addition, the CUSIP numbers for its common stock and Series N preferred stock have been changed to 22943V 10 5 and 22943V 20 4, respectively.

About the Company

C2 Global Technologies Inc. ("C2") is focused on licensing its technology and patents, which includes two foundational patents in Voice over Internet Protocol (VoIP). These patented technologies have been successfully deployed and commercially proven in a nationwide IP network and in C2's unified messaging service, Application Program Interface ("API") and software licensing businesses. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications.

On May 17, 2005, C2 entered into an agreement to sell substantially all of the assets and to transfer certain liabilities of its telecommunications business, which 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 to residential, small- and medium-sized business and large enterprise customers in the United States.

This disposition is expected to close by September 30, 2005 once regulatory and other necessary approvals are obtained. For more details on this transaction, please refer to the Company's filings made with the Securities and Exchange Commission. For further information, visit C2's website at www.c-2technologies.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. The reader should not place undue reliance on these forward-looking statements. These statements reflect the Company's current view of future events and are subject to certain risks and uncertainties as noted in the Company's securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company's actual results could differ materially from those anticipated in these forward-looking statements. The Company undertakes no obligation and does 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 the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that such expectations will materialize. Many factors could cause actual results to differ materially from the Company's forward-looking statements.

Contact Information