SOURCE: JMI Telecom Corporation

January 29, 2008 12:22 ET

JMI Telecom Signs a Distribution Agreement With Fonality, a Leading Maker of Phone Systems

Research Firm Dell 'Oro Group Estimates Annual PBX Revenues, Including VoIP Phone Systems Will Exceed $7.5 Billion by 2011

CHARLOTTE, NC--(Marketwire - January 29, 2008) - JMI Telecom Corp (PINKSHEETS: JMIT) signed a distribution agreement with Fonality. Fonality is the leading maker of phone systems for small and medium-sized business. Their award-winning PBXtra™ is a VoIP-capable phone system designed to be purchased, installed and managed by non-technical professionals. JMI Telecom Corp now offers small and medium-sized business with virtual office PBX telephone systems that offer dozens of computer telephony features that can keep up with a company's rapid growth, which is necessary for continued success.

Analyst Alan Weckel of the research firm Dell 'Oro Group estimates annual PBX revenues, including those from VoIP phone systems will exceed $7.5 billion by 2011. Much of this growth could come from small to medium-sized business. Weckel told The Wall Street Journal in August that he thinks 35 million small business will adopt IP phone service before 2010 (about 11 million currently use it), a number that is likely to ramp up if the economic situation worsens.

About Fonality

Fonality was founded in early 2003 and launched a residential VoIP product later that year. As the company grew they found they needed to expand their phone system. Fonality created its in-house JP-PBX system. Today's PBXtra™ is a robust and economical product, largely because it is built upon the OS backbone of Linux and the shoulders of the open-source IP-PBX platform named Asterisk®. Fonality has deployed over 2,500 PBXtra™ systems with 53,000 phones in over 50 countries. www.fonality.com

About JMI Telecom

JMI Telecom Corp offers competitive rates on digital phone, local/long distance and internet service across the United States. For more information call 1-800-533-6131 or visit the website at http://www.jmitelecom.com

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company's expectations or future events.

Contact Information

  • CONTACT:

    JMI Telecom Corp
    1-800-533-6131
    Investor Relations
    1-866-880-6561