(via Thenewswire.ca)
August 16th, 2013 - Sherwood Park, Alberta - Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that the company has selected Orca Wave's BlueWaterTM Intelligent Routing and Billing Platform.
"Maximizing margins in the wholesale telecommunication business is critical to a carrier's long term success. To achieve these goals, we have selected Orca Wave's Intelligent, Routing engine, which selects the lowest cost and best quality option between equivalent telecommunication carriers, eliminates human errors from the pricing process, and maximizes margins in our wholesale traffic. This state-of-the-art routing and billing system provides end-to-end route management, intelligent least cost routing, automated billing, and the most advanced notification system on the market. We have carefully researched all available options and selected the most advanced software available in our industry," said Jason Allen, Chief Executive Officer of Virtutone
"Virtutone is a VoIP technology leader providing unique solutions to the carrier and enterprise marketplace. We look forward to implementing with this innovative business, and providing Virtutone with efficient call management solutions through our Orca Wave BlueWater system." John Rivenburgh, Co-Founder Orca Wave.
For further information please contact Jason Allen at 780-702-5777.
About Orca Wave.
Orca Wave, in its 12th year of operations, with a global customer base of wholesale and retail telecommunication carriers, MVNOs, CLECs, PTTs, wireless, conferencing, enterprise and financial institutions; provides mission critical tools for crucial data management, multi-level revenue assurance, credit management, highly detailed cost control, complete integration to switching platform(s), as well as highly streamlined business processes via information uploading. The BlueWater software suiteincludes seamless code management with Intelligent Routing directly to the switching platform(s) and with SIP Redirect, Robust Billing, LNP/LRN and Rating Platform, coupled with a wide range of reporting, alarming, bilateral tracking, credit management and other mission critical functionality. Regardless of the switching platform type or the routing plans needed to be supported - Least Cost Routing, QoS / Benchmark Routing, Percent Routing, Bilateral Routing, Fixed Plan Routing, SMS routing and numerous others-- we are a crucial element of our customer's success and recognize the importance we bring to everyone throughout our customer's organization - executive team, NOC, engineering, finance, sales, buyers, and others, as well as providing a robust portal for our customer's customers.
About Virtutone Networks Inc.
Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company's website at www.virtutone.com.
This document may contain certain forward-looking information or statements ("Forward-looking statements") as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to: the termination, non-renewal of or default under of any current or new wholesale contracts; changes in the global economy; a failure to negotiate new customer contracts; changes in legislation or the interpretation thereof, particularly in the telecommunications industry. Forward-looking statements are any statements other than statements of historical fact. The use of any "plan" "expect " "project" "believe" "should" "anticipate" or other similar words or statements that certain events "may" or "will" occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: the impact of the new voice traffic contracts; timing and completion of the transition of new voice traffic; the sustainability of the new revenue stream; increased leverage with suppliers; additional deals currently being worked on and the impact thereof; and negotiations relating to potential new customers. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone's new contracts; the market for wholesale telephony services; the maintenance of new and current wholesale contracts; and the ability to add new wholesale clients. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law. The historical revenue numbers for the new wholesale contracts do not represent estimates of future revenues to be received by the Company. As these contracts do not contain any minimum traffic requirements, revenue generated on such contracts will vary from month to month, and such variations may be material. The Company cannot provide any assurances as to the revenues to be generated by such contracts once the transition is complete.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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