Yak Communications Inc.

Yak Communications Inc.

November 07, 2005 08:30 ET

Yak Communications Teams with CounterPath to Offer FREE VoIP and Video Services

MIAMI, FLORIDA and TORONTO, ONTARIO--(CCNMatthews - Nov. 7 2005) - Yak Communications Inc. (NASDAQ:YAKC), a provider of telecommunication services to residential and business customers, announced today that it has entered into an agreement with CounterPath Solutions, Inc. (formerly Xten Networks, Inc. OTCBB: CTPS), a premier provider of VoIP (Voice over Internet Protocol), Video over IP, Instant Messaging (IM), and Presence-enabled SIP softphones allowing Yak to launch a powerful new voice and video peer-to-peer VoIP alternative for consumers around the world.

Yak expects to launch its "yakForFree" VoIP (www.yakforfree.com) service powered by CounterPath's eyeBeam SIP softphones in mid November. yakForFree is an exciting new service from Yak which allows users to make FREE voice and video calls to anyone on the Internet who is also a yak member of yakForFree. Yak will be licensing some of CounterPath's core softphone technologies.

"yakForFree has the potential to reach millions of people worldwide, establishing Yak as a premier global VoIP provider," said Charles Zwebner, Chairman and CEO. "We expect yakForFree to further demonstrate the quality and value of our VoIP and Video calling capabilities and assist Yak to transition from a legacy telephony company into a next generation, Internet based communications and commerce company."

"yakForFree will allow users to establish and maintain voice and video communication with family, friends and colleagues and to reach a far more geographically-diverse population than ever before without technology," said David Hurwitz, President of Yak's VoIP initiatives. "We will invite yakForFree members to recruit their friends and families, and encourage them to upgrade to one or more of our paying programs - "yakToAnyone" (a PC-to-Phone, talk and video Pre-Paid service), "yakBasic" or "yakUnlimited" subscription plans, that allows subscribers to make and receive calls over high speed DSL or cable internet access to virtually any telephone or cell phone worldwide. This agreement with CounterPath allows Yak to charge ahead with its VoIP initiatives and deepen its penetration in the VoIP marketplace."

"We are looking forward to jointly working with Yak and the compelling business model that they are putting into the marketplace," stated Mark Bruk, Chairman and CEO of CounterPath. "Our agreement continues to validate our strategy of working with leading, high quality service providers in developing solutions for their customers. We are looking forward to working together to enhance Yak's voice and video service offerings with our high quality, rich and robust applications."

CounterPath's softphones for Windows, MAC OS X, Pocket PC and now Linux are software applications, which run on devices such as personal computers (PCs) or personal digital assistants (PDAs) or can be integrated into set-top boxes, embedded devices, instant messenger applications and the like. When a CounterPath softphone is connected to a service provider's network, the user can make and receive calls to and from other "on-net" callers (IP-to-IP) and/or "off-net" callers (IP-to-PSTN/Cellular) with the same quality of service they would expect from an IP handset. However, at a fraction of the cost, while providing more features and functionality than an IP handset.

About Yak Communications:

Yak Communications Inc. (NASDAQ:YAKC - News) is an Integrated Communications Provider (ICP) offering a full array of long distance (1+, toll free and dial-around), local lines, travel cards, cellular long distance, data services, and broadband voice (VoIP) to residential and small businesses in North America over high speed internet access. Yak currently serves approximately 900,000 customers for its traditional telecom services. For more information, visit www.yak.com.

About CounterPath Solutions, Inc.

CounterPath (formerly Xten Networks, Inc.) (OTCBB:CTPS) is a developer of award-winning, high-quality, carrier- grade VoIP (Voice over IP) and Video over IP SIP softphones for service providers, cable operators, Internet telephony service providers, IP PBX manufacturers and OEMs. CounterPath's SIP softphones are available either pre-configured or as a software development kit (SDK), and provide VoIP (Voice over IP), Video over IP, IM (Instant Messaging), and Presence functionality. eyeBeam - CounterPath's feature-rich SIP Video over IP softphone with IM and Presence - recently received both Communications Solutions® Magazine's and INTERNET TELEPHONY® Magazine's "Product of the Year" Award for 2004. CounterPath's Pocket PC SIP Softphone was recently named a 2005 Innovation Award winner from INTERNET TELEPHONY® magazine. With over 120 customers in more than 30 countries, CounterPath technology is deployed in more than 5,400,000 IP endpoints worldwide. For more information please visit http://www.counterpath.com/.

Forward Looking Statements:

Statements contained in this news release, which are not strictly historical are forward looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. The Company makes these statements based on information available to it as of the date of this news release and assumes no responsibility to update or revise such forward-looking statements.

Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements.

Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, our ability to satisfactorily address any material weaknesses in our internal financial controls, our success in integrating the operations of any newly-acquired businesses, and associated reduction in costs, the successful implementation of our business plans including growth of existing product offerings, strategic acquisitions and development of broadband telephony products, the successful integration of new management team members, continued and increased demand for our services, the successful deployment of new equipment and realization of material savings there from, competition from larger and/or more experienced telecommunications providers, our ability to continue to develop our markets, general economic conditions, changes in governmental regulation, and other factors that may be more fully described in our literature and periodic filings with the Securities and Exchange Commission. You are urged to carefully review and consider these disclosures, which describe certain factors that affect our business.

Contact Information

  • The Communications Group Inc.
    David Eisenstadt
    Media Relations (Canada)
    1-416-696-9900 x 36
    Yak Communications Inc.
    Larry Turel
    Investor Relations
    1-305-933-8322 x 105
    CounterPath Solutions, Inc.
    Todd Hanas
    (Investor Relations)
    CounterPath Solutions, Inc.
    Tiffany Zinck
    (Media Relations)
    +1.604.320.3344 extension 208
    The Global Consulting Group
    Kathy Price
    Media & Investor Relations (US)