deltathree, (Nasdaq: DDDC), a leading provider of Voice over Internet Protocol (VoIP) hosted communications solutions for service providers, resellers and consumers worldwide today announced that Velocity Services, Inc. (VSI) has selected deltathree to provide backend solutions for its' private-label consumer VoIP services.
Jay Penske, VSI Chairman and Chief Executive Officer stated, "VSI provides communication and content delivery platforms to some of the world's most influential brands, and this new collaboration with deltathree enables VSI to further enhance our existing voice services and expand the suite of private label communication products to our growing base of affinity clients."
"Our team is excited by the opportunity to work with VSI, a worldwide leader in private label communication. deltathree's expertise in VoIP is perfectly suited to enable VSI to expand its existing portfolio of services, all with advanced features and fast time to market, combined with significant cost savings for the end customers," commented Paul White, Chief Financial Officer of deltathree.
Velocity Services, Inc. is a California headquartered interactive media and technology company that enables affinity and media brands delivery of private-labeled content and communications products. VSI's current clients include some of the world's largest consumer brands, media corporations, sports franchises, universities, entertainment entities, non-profit foundations and many others. The company specializes in offering industry leading affinity-based portals, content delivery platforms, premium web services, and subscription Internet communication products for a range of vertical markets. VSI makes it possible for top brands to build and develop their own private-label online communities while advancing their online presence, affiliate communication, site traffic, and membership online.
For more information about Velocity Services, Inc. please visit: http://www.vsi.net
Founded in 1996, deltathree is a leading provider of hosted, Session Initiation Protocol (SIP)-based VoIP products, services and infrastructure. deltathree offers customers high quality Internet telephony solutions that are viable and cost-effective alternatives to traditional telephone services. Supporting hundreds of thousands of active users around the world, deltathree serves customers through its three primary distribution channels: the Outsourced Platform Solution, the Reseller Program and iConnectHere. deltathree's customized Outsourced Platform Solution offers service providers worldwide a broad range of private label VoIP products such as PC-to-Phone and Broadband Phone, as well as a robust back-office suite of services such as billing, operations management, web development, and network management. Supporting a global network of resellers, deltathree's Reseller Program offers a quick and efficient solution for Internet cafes, call shops and small Internet service providers to enter the VoIP telecommunication services market. iConnectHere, deltathree's consumer division, provides award-winning VoIP products directly to consumers and small businesses online.
For more information about deltathree please visit our website: http://www.deltathree.com
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect deltathree's business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are the inherent uncertainty of financial estimates and projections, the competitive environment for Internet telephony, deltathree's limited operating history, changes of rates of all related telecommunications services, the level and rate of customer acceptance of new products and services, legislation that may affect the Internet telephony industry, rapid technological changes, and other risk factors contained in deltathree's periodic reports on Form 10-K and Forms 10-Q on file with the SEC and available through http://www.sec.gov.