GoAmerica Expands Product Portfolio to Include Prepaid Services
07 Settembre 2004 - 3:45PM
PR Newswire (US)
GoAmerica Expands Product Portfolio to Include Prepaid Services
Fast Growing Market Presents New and Diversified Revenue
Opportunities, Provides Additional Communications Options to
Existing and Future Customers HACKENSACK, N.J., Sept. 7
/PRNewswire-FirstCall/ -- GoAmerica (NASDAQ:
GOAMNASDAQ:andNASDAQ:GOAMC) today announced the expansion of its
product portfolio to offer customers a range of prepaid options
such as calling cards and wireless services. The Company expects to
begin selling prepaid solutions and recognizing related revenue
within the month of September. "The prepaid market is attractive to
us because it is growing at such a rapid pace and we believe our
customers will appreciate the new communication products from a
company they're familiar with," said Dan Luis, CEO of GoAmerica.
"Not only does this represent a positive financial alternative to
post-paid options for our customers, but it also opens new doors
for us among hard of hearing consumers and the broader marketplace.
I'm very excited about what the resulting new sales and
distribution opportunities will mean for the Company." Earlier this
year, GoAmerica outlined a strategy that included plans to enhance
and expand existing product offerings and diversify revenue
streams. The prepaid market, representing one such diversification,
presents the Company with an opportunity to leverage new and
existing distribution channels and enter strategic relationships in
the area. The new offerings will be marketed to existing customers
and prospects in the deaf and hard of hearing market as well as to
other targeted segments within the broader consumer marketplace.
According to Atlantic-ACM, a leading provider of strategic research
and consulting services serving the telecommunications industry,
the market for prepaid services has grown from $350 million in 1994
to a projected $11.4 billion in 2004. Wireless prepaid is expected
to grow at a faster rate than the overall market for wireless
services, with annual growth rates in the 15 to 20 percent range.
Veteran executive of the prepaid industry, H. Edward Torres will
lead GoAmerica's sales and marketing plans for this category.
Torres brings 18 years of prepaid and post paid telecommunications
experience to the Company, most recently at WorldNet Prepaid in New
York where he served as co-owner and President. Prior to entering
the telecommunications industry, Ed spent a combined six years at
Coca-Cola and Procter & Gamble as a senior sales executive. "Ed
has a proven track record of successfully building prepaid
businesses," added Luis. "I expect that his enthusiasm and wealth
of experience will enable him to make a significant contribution to
the Company." About GoAmerica GoAmerica is a leading provider of
wireless telecommunications services for people with hearing loss.
The Company's vision is to improve the quality of life for people
who are deaf or hard of hearing by being their premier provider of
innovative communication services. WyndTell(R) -- a GoAmerica
service -- is the wireless service of choice for thousands of deaf
consumers across the U. S., and was recognized for Excellence in
Universal Design and Technology by the California Governor's
Committee for the Employment of Disabled Persons. For more
information, visit http://www.goamerica.com/ or contact GoAmerica
directly at TTY 201-527-1520, voice 201-996-1717. The statements
contained in this news release that are not based on historical
fact are "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may be identified by the use of
forward-looking terminology such as "may," "will," "expect,"
"estimate," "anticipate," "continue," or similar terms, variations
of such terms or the negative of those terms. Such forward- looking
statements involve risks and uncertainties, including, but not
limited to: (i) our limited operating history; (ii) our ability to
successfully manage our strategic alliance with EarthLink; (iii)
our dependence on EarthLink to provide billing, customer and
technical support to certain of our subscribers; (iv) our ability
to respond to the rapid technological change of the wireless data
industry and offer new services; (v) our dependence on wireless
carrier networks; (vi) our ability to respond to increased
competition in the wireless data industry; (vii) our ability to
integrate acquired businesses and technologies; (viii) our ability
to generate revenue growth; (ix) our ability to increase or
maintain gross margins, profitability, liquidity and capital
resources; and (x) our ability to manage our remaining operations;
and (xi) difficulties inherent in predicting the outcome of
regulatory processes. Such risks and others are more fully
described in the Risk Factors set forth in our filings with the
Securities and Exchange Commission. Our actual results could differ
materially from the results expressed in, or implied by, such
forward-looking statements. Each reference in this news release to
"GoAmerica", the "Company" or "We", or any variation thereof, is a
reference to GoAmerica, Inc. and its subsidiaries. "GoAmerica" and
"WyndTell" are registered trademarks of GoAmerica. "Go.Web", is
also a trademarks of GoAmerica. Other names may be trademarks of
their respective owners. DATASOURCE: GoAmerica CONTACT: Joe Karp,
GoAmerica, +1-201-527-1518, TTY: +1-201-527-1520, ; Ilya Welfeld,
+1-201-696-9076, , for GoAmerica Web site:
http://www.goamerica.com/
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