SOURCE: Voxbox World Telecom, Inc.

August 17, 2005 11:00 ET

VoxBox World Telecom, Inc. in Discussions to Execute Agreements With Potential Partners and Dealers for Asia VoIP Market

VANCOUVER, BC -- (MARKET WIRE) -- August 17, 2005 -- VoxBox World Telecom, Inc. (OTC: VXBX) today announces it has entered into discussions with potential partners for deployment of VoxBox in the Asia Pacific region. Specifically, the company has recently begun entertaining dealer opportunities in Malaysia. The company plans to complete significant revenue producing agreements for reseller arrangements, dealerships and partnerships in Asia Pacific market shortly.

The Asia Pacific Region including China, Malaysia, Singapore, Philippines, Japan, etc. is a vast market that is adopting technology at a rapid pace. As these countries increase their internet and broadband usage, the opportunity for VoIP becomes tremendous.

Analyses of the Asian VoIP market cite its eager adoption of IP telephony and impressive capacity for future growth. Telecom.Asia reports that VoIP traffic is projected to virtually double every year until reaching approximately 250 billion minutes by 2006, generating revenue of nearly $15 billion. Up to 90 percent of international voice traffic today is sent over the Internet for at least part of the transmission.

Mr. Prescott, CEO of VoxBox, said, "With our recent Reseller agreement with Infinity our entry into the Philippines has begun. With the interest we have in Malaysia we know that the discussions we are having for that region will develop into some great partnerships that may provide Voxbox with a great revenue generating opportunity."

Mr. Prescott further said, "We look forward to moving forward with these discussions and further solidifying our business plan internationally. The VoIP industry is exploding all over the world and these markets are ripe for cost-effective telephony."

VOXBOX WORLD TELECOM, INC.

VoxBox World Telecom Inc. (www.myvoxbox.com) is incorporated in Nevada, and has its corporate office in Vancouver, British Columbia. VoxBox mission is to become a leader in Voice over Internet (VoIP) industry providing service to both consumers and business.

This release contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Contact Information

  • Company Contact:

    VoxBox World Telecom, Inc.
    Romeo (Ray) Prescott
    1-(604) 288 8292