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Yap International Signs Letter of Intent to Purchase TIVOX Systems Corporation, Including Exclusive Rights to Revolutionary VoIP Product Line, With Dial-up, Broadband, DSL, Cable, Satellite and Wireless Capabilities
Los Angeles, California (ots/PRNewswire) - Yap International, Inc. (YPIL.PK-OTC), a provider of Voice over Internet Protocol ("VoIP") communication services and products, today announced that they have signed a letter of intent to acquire TIVOX Systems Corporation, a New York based Company.
Joseph Weaver, President and C.O.O stated, "The acquisition of TIVOX Systems Corporation will allow Yap International to provide a complete line of VoIP products which are proprietary and patent pending."
The Nomad Line of Products is demonstrably superior in voice clarity and ease of use, requiring far less bandwidth than any competitor.
"This is especially important to the vast majority of the world where broadband penetration is either limited or nonexistent."
Each Nomad product addresses a specific market segment and raises the benchmark by 2 to 3 generations- these are products by which all others will be measured.
"We are extremely excited about this acquisition, as Yap International will be the exclusive supplier of the Nomad Line of products to the global marketplace."
As part of the Letter of Intent, Yap registered the trade name NOMAD SYSTEMS, including four new product names, NOMAD DIAL, NOMAD PRO, NOMAD LITE, and NOMAD SOFT, as well as the Company's Unified Messaging service offering, MY NOMAD.
NOMAD DIAL: A next generation VoIP device that enables subscribers to place calls to virtually anywhere in the world using just their touch-tone household phones and a standard dial-up Internet connection. After a simple installation, Yap customers will be charged a low flat rate monthly recurring charge for unlimited North American calling and a steeply discounted minute rate for international long distance. All services are pre-paid (month in advance) making this a true recurring business model. With the NOMAD DIAL, no computer, or high speed internet connection is required to take advantage of the cost savings of VoIP.
NOMAD PRO: A next generation VoIP device that turns your home into an international communications center. Dial long distance from literally anywhere in the world, through your NOMAD PRO communications center. Calls from a PSTN phone, a cell phone, or the combination of your laptop and a NOMAD LITE or NOMAD SOFT accessory. All are easily routed through your NOMAD PRO, providing huge long distance savings. With Unified Messaging capabilities you are able to send and receive e-mails, voicemails, text messaging, documents and even video files anywhere in the world utilizing your NOMAD PRO and the MY NOMAD service.
NOMAD LITE: Roughly the size of a small cell phone, the NOMAD LITE plugs into the back of any laptop, or desk top, and in combination with the Company's downloadable software, turns any computer into a VoIP phone. Anywhere there is a computer and an Internet connection - land based, or wireless, the NOMAD LITE will pass on incredible VoIP savings.
NOMAD SOFT: An easy to use hands free ear piece that plugs into the back of your laptop, or desktop computer. Simply log onto the Internet, download the Company's software, plug the NOMAD SOFT into the computer and start experiencing the cost savings of VoIP. The NOMAD SOFT works anywhere there is a computer and an Internet connection - land based, or wireless.
The Company is currently consulting with its legal team to finalize the terms of the agreement.
About Yap International, Inc.
Yap International, Inc. is a multi-national Internet Communications Company developing cost effective telecommunications through Voice over Internet Protocol (VoIP) technologies. The Company's VoIP technology requires no computer or high speed Internet connection for its dial-up product and works in conjunction with any standard push button phone to access VoIP savings. The Company plans on targeting the market of more than 1.1 billion telephones worldwide, but specifically, the international calling market as it pertains to foreign-born residents living in the United States and Canada. The company's other products work with broadband, DSL, cable, satellite, and has wireless capabilities. The company's administrative offices are located in Vancouver, BC and sales offices in Los Angeles, CA.
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