NetworkIP e.Conferencing Enables Conferencing Providers to Offer a Cost Effective Small Business and Residential Audio Conferencing Solution Jun 11, 2002 NetworkIP, an industry leading e.Application and Access Exchange provider of voice and data services, will showcase its e.Conferencing solution as well as the company's wide variety of converged communications solutions during the annual Collaborate East Conference & Expo, June 25-27 in Boston. "I am very pleased to add e.Conferencing to our rapidly growing suite of products," said Pete Pattullo, President and CEO of NetworkIP. "NetworkIP has created the world's first prepaid, dynamic, on-demand small business and residential solution. There are over 50 million people in the U.S. workforce who are employed by small businesses with 100 employees or less. Until now, the larger conferencing providers have not tapped into this section of the market. e.Conferencing allows the distributor to offer an audio conferencing solution at a substantial cost savings. There is absolutely no back office or infrastructure investment required." "Now anyone can have his or her own conferencing account." continues Pattullo. "e.Conferencing allows consumers access to a commitment-free, cost effective method of audio conferencing for 3 to 28 people, and also allows the customer to manage their call on every level via the Web." NetworkIP brings innovative features, robust capacity, and market leadership to the conferencing market. With e.Conferencing, distributors & consumers pay only for what they use and the solution offers competitive price and performance advantages: * Ease of use (simple control from a touch-tone phone or computer) * Convenience (no reservation or appointment necessary for setup/immediate availability) * Lower costs (only pay for minutes used) * No cost of implementation or maintenance * No equipment costs * Scalable & Flexible * Simple customer-managed services e.Conferencing is fully integrated with the same Web-based service interfaces as NetworkIP's other superior stored value services. e.Conferencing is the only service of its kind that enables the distributor to control every aspect of their conferencing operation: provisioning, back office billing, rate management, per leg / set-up charges, product expirations, product demonstration, PIN activation and customer service functions in real-time via the Internet. NetworkIP distributors, carriers and resellers benefit from low costs. The distributor is charged only for incoming and outgoing minutes used. In addition, distributors are not required to make any back office investment and the prepaid environment virtually eliminates bad debt. The e.Conferencing product also can be bundled with multiple applications from NetworkIP, including e.Prepaid Long Distance, e.Prepaid Internet and more - using one PIN for multiple revenue streams on the same product. When the consumer purchases an e.Conferencing-based product, they receive a toll-free access number, a 7-digit PIN and a 3-digit security code to be used at a designated website to view the Web interface. e.Conferencing's real-time Web interface allows the call "Moderator" to sanction and participate in their own conference calls without an operator or reservations agent. Account activity can be monitored, and time can be added to the account without disconnecting the call or speaking with a service representative. The service can also be used as a "Meet Me" format using the toll-free access number and PIN. e.Conferencing is available 24 hours a day, 7 days a week, with no restrictions. Currently, NetworkIP supports more than 300 million end user accounts, generating more than 2 million minutes per day. The NetworkIP platform has a total capacity of 1 billion minutes of usage per month. About NetworkIP NetworkIP is an industry leading e.Application and Access Exchange serving voice and data product distributors, resellers, CLECs, LECs, ISPs, IXCs, CAPs, and Wireless, Cable and Utility providers. The company has created the first large scale e.Communications network bringing together the best in class switching, computing hardware, data storage, IP networking, and software development methodology, via a Web-based interface. The company's e.Application and Access Exchange facilitates the transactions of suppliers and buyers, enabling its service providers to deploy communications services without having to make substantial capital investments. More information about NetworkIP can be found on the Internet at www.networkip.net.