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Pingo (www.pingo.com), the online calling service from iBasis (NASDAQ: IBAS),
today reduced the cost to call Pakistan by more than 30 percent. The lower
Pakistan prepaid calling card rate is enabled by RateWatcher™, a Pingo feature
that actively searches for opportunities to reduce costs for customers. Pingo
has also announced that new subscribers can receive one hundred free minutes of
calling to Pakistan by registering through the www.pingopakistan.com page, which
also contains additional information on the offering.
iBasis is one of the top three carriers of international phone calls in the
world, resulting in a buying power that enables Pingo to consistently deliver
extremely competitive rates. Customers save on calls to both landline and mobile
phones in almost every country, with mobile phone users saving as much as 90
percent on international calling.
Pingo offers highquality, lowcost international and long distance calling on a
prepaid basis without any long term contractual obligation. The service can be
used with both fixedline and mobile phones and no additional equipment
purchases or software downloads are required. Pingo minutes can be easily
purchased online with credit/debit cards and PayPay. Subscribers can make
payments in four currencies, compare rates in more than 38 other currencies, and
interact with a Pingo website that includes automated voice prompts in five
languages.
Pingo is designed with easeofuse in mind and offers a host of convenient
features. Accounts can be setup to automatically recharge at a predetermined
balance, or, an interactive voice response system can be used to alert customers
of a low balance, allowing funds to be replenished with the simple push of the *
key. Once mobile and/or fixedline phones have been registered online, enhanced
speed dialing enables customers to call a local Pingo access number and press a
designated speeddial number for fast and easy connection to calling
destinations. Other features include PINless dialing, online call history
reporting, a ReferaFriend program that offers a $5 bonus for each customer
referral that joins Pingo and more.
iBasis also recently launched a version of Pingo with advanced features designed
for enterprises. PingoBusiness provides smalltomedium size businesses (SMBs)
the same low international calling rates, plus easytouse administrative
features for managing up to 999 individual employee accounts on an “on demand”
basis without longterm contracts. Through PingoBusiness, SMB employees can use
company phones, as well as their own fixedline and mobile phones to achieve up
to 90 percent cost savings on international calling. The service offers the same
convenience features as Pingo with additional functionality to help SMBs
exercise better control over international calling expenditures. This includes
the ability for administrators to set individual spending limits and easily
monitor usage and manage account balances through a single, centralized account.
“Pingo leverages the scale and efficiency of the iBasis global VoIP network to
bring consumers and SMBs low cost, high quality international and long distance
calling, supported by convenient features and the ability to use existing fixed
and mobile phones without additional equipment,” said Jayesh Patel, vice
president of business development and strategy for iBasis. “Furthermore, there
are no extended contracts subscribers simply place funds in an account,
register their phones, and in minutes they can begin taking advantage of our low
rates. Pingo is easy, reliable, flexible, and the most effective option
available for defraying international calling costs.”
About Pingo
Taking advantage of The iBasis Network, Pingo enables consumers to realize the
costsavings of VoIP or Internet telephony from regular fixed or mobile phones
without any need for additional hardware or software. Pingo offers consumers
highquality long distance service on a prepaid basis, along with a host of
convenient usability features. Pingo customers save on calls to both landline
and mobile phones in almost every country. Mobile phone users in particular can
save as much as 90 percent on international calls by using Pingo’s tollfree
access and lower rates. Pingo minutes can be purchased with credit and debit
cards, as well as PayPay, at www.pingo.com. Customers can access Pingo from
tollfree and local access numbers in 35 countries, including the U.S.,
Australia, Canada, China, the U.K., France, Germany, Israel, Japan, Russia, and
Thailand.
About iBasis
Founded in 1996, iBasis (NASDAQ: IBAS) is a leading wholesale carrier of
international long distance telephone calls and a provider of retail prepaid
calling services and enhanced services for mobile operators. iBasis customers
include KPN, KPN Mobile, EPlus, BASE, and many other large telecommunications
carriers such as AT&T, Verizon, Vodafone, China Mobile, China Unicom, IDT,
Qwest, Skype, Telecom Italia, Telefonica, and Yahoo. In October 2007, iBasis
acquired KPN Global Carrier Services to create one of the three largest carriers
of international voice traffic in the world, and KPN became a majority
stockholder of iBasis. On a pro forma basis, the combined company carried
approximately 24 billion minutes of international voice traffic in 2007. The
Company can be reached at its worldwide headquarters in Burlington, Mass., USA
at +1 7815057500 or on the Internet at www.ibasis.com.
iBasis and Pingo are registered marks, The iBasis Network and the global VoIP
company are trademarks of iBasis, Inc. All other trademarks are the property of
their respective owners.
Except for historical information, all of the expectations, plans and
assumptions contained in the foregoing press release constitute forwardlooking
statements under Section 21E of the Securities Exchange Act of 1934 and involve
risks and uncertainties. Important factors that could cause actual results to
differ materially from such forwardlooking statements include, but are not
limited to, (i) the Companys ability to execute its business plan (ii) the
extent of adoption of the Companys services and the timing and amount of
revenue and gross profit generated by these services (iii) fluctuations in the
market for and pricing of these services (iv) the other factors described in
the Companys Quarterly Report on Form 10Q for its most recently completed
fiscal quarter and Annual Report on Form 10K for its most recently completed
fiscal year all of which are available at http://www.sec.gov. Such
forwardlooking statements are only as of the date they are made, and we have no
current intention to update any forwardlooking statements.
** Check out our
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Source: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080310005790&newsLang=en
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