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May 31, 2006
SOPHIA ANTIPOLIS, France -- Centile, one of the leading enabler of next-generation SIP-based services and converged Fixed-Mobile and multimedia networks, announced today the signing of a Heads of Terms to be acquired by visionGATEWAY, (OTCBB: VGWA), an Enterprise Solutions Development and Global Distribution company focusing on Internet Management, Security and VOIP.
The acquisition further strengthens Centile’s position in the growing VOIP Solutions marketplace and follows on the heels of a Global Distribution Agreement with visionGATEWAY to deliver its VOIP Solution through visionGATEWAY’s distribution channels in USA, UK, Australia/NZ, China and elsewhere in Asia. It also extends the partnership Centile already has with visionGATEWAY to deliver a Secure VOIP solution to the market through the integrated bundling of visionGATEWAY’s INTERScepter VOIP Module with Centile’s IntraSwitch VOIP Application Server.
Centile said that visionGATEWAY expected to complete the acquisition within the next 60 days, whereby Centile will become a wholly owned subsidiary of visionGATEWAY, Inc. Upon closing of the transaction, visionGATEWAY will have provided Centile expanded sales channels in North America, Asia and Europe.
The sole investment of Centile Limited, a UK registered company, is the holding company for and the ownership of Centile SA, of France, a software development (R&D) and distribution company specializing in VOIP technology which was acquired from 8x8, Inc. (a NASDAQ listed company) in 2003.
Centile Chief Executive Officer, Shahal Khan, said that the combined company will be able to more readily expand its sales and solution delivery potential to various Global markets as a visionGATEWAY subsidiary. Centile has annualized revenues in excess of US$1 million from its current 20 Service Provider clients in Europe. Additionally, the company has recently won competitive contracts to be delivered over the next three months with initial payments in excess of US$200,000, with recurring revenue estimated at an additional US$1 million annually.
Centile’s introduction of the Secure VOIP Module in conjunction with visionGATEWAY is already creating significant interest in the marketplace, said visionGATEWAY CEO Michael Emerson.
Until now the VOIP market has been lacking a VOIP Application server with inherent security built in that can monitor SIP sessions as well as dynamically control open ports on a local network,” Mr. Emerson said. “The combination of the Centile APP server with the INTERScepter security module resolves these issues. This will provide visionGATEWAY/Centile a significant competitive advantage for increasing revenue potential in this rapidly growing market. The Centile advantage will involve a suite of products that include a Central office Application server, a Hybrid Centrex solution, as well as a premise based soft PBX, all coupled with built in VOIP security.”
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