ATLANTA, GA, February 18, 2004 - Ptek Holdings, Inc. (NASDAQ: PTEK), a leading provider of innovative business communications services, and its Premiere Conferencing business unit today announced general availability of ReadyConference® Plus, its proprietary data collaboration and audio service that enables users to readily share and control enhanced slide presentations and audio via the Internet. ReadyConference Plus targets the millions of audio-only conferencing users who will benefit from sharing presentations real-time, rather than sending them in advance.
Premiere Conferencing's research and development team designed ReadyConference Plus to address growing demand for an easy-to-use and inexpensive alternative to existing solutions that were designed with sophisticated application sharing capabilities that are often difficult and expensive to operate. With ReadyConference Plus, Web-based data and audio controls are combined in a simple user interface that enable hosts to manage all aspects of a call directly from the desktop, including individual participant volume and mute controls, and dial-out capabilities.
"ReadyConference Plus is the type of straightforward, intuitive Web-based collaboration service that should be attractive to the millions of audio-only conference users who have yet to incorporate data collaboration into every day meetings," stated Marc Beattie, Senior Partner, Wainhouse Research. "We live in an on-demand, self-service society and as such we believe conferencing users want an easy-to-use product that allows them to initiate and control their meetings from a single device or location."
Ptek recently made the ReadyConference Plus solution available to its entire North American direct sales force to target its existing base of thousands of ReadyConference users. To date, more than 500 corporate accounts have signed-up for the new service. Ptek intends to introduce ReadyConference Plus in the European and Asia/Pacific regions later this year.
"The value proposition for ReadyConference Plus is compelling. It costs dramatically less than competing services and, more importantly, doesn't take hours of training to learn," said Ted Schrafft, President of Premiere Conferencing. "We are excited to bring this simple yet powerful solution to our global customers."
"ReadyConference Plus is another example of Ptek's ability to respond to market demands through innovation," added Boland T. Jones, Founder, Chairman and CEO of Ptek Holdings, Inc. "We look for this solution and other new services to continue to enhance our leadership position."
About Ptek Holdings, Inc.
Ptek Holdings, Inc. is a leading provider of innovative business, data and group communications services for global enterprises. Companies use our audio and data conferencing solutions to conduct group meetings and presentations over the phone or Web. We also enable our customers to process and deliver large quantities of individualized, business critical information, such as electronic statements and invoices, financial transaction and travel confirmations, and drug prescriptions, via our global ASP platform. Ptek serves companies in nearly every business sector, including healthcare, technology, publishing, financial services, travel and hospitality. Our services are marketed under the Premiere Conferencing and Xpedite® brand names.
Ptek Holdings' corporate headquarters is located at 3399 Peachtree Road NE, Suite 700, Atlanta, GA 30326. Additional information can be found at www.ptek.com.
Forward-looking and cautionary statements
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Ptek's forward-looking statements, including, but not limited to, the following factors: technological change; the development of alternatives to our services; our ability to manage our growth; integration of acquired companies; possible adverse effects on our financial condition if we are unable to retain IBM as a customer at the levels currently forecasted; possible adverse results of pending or future litigation or infringement claims; service interruptions; competitive pressures, including pricing pressures; general domestic and international economic, business or political conditions; legislative or regulatory changes; increased financial leverage; our dependence on our subsidiaries for cash flow; and other factors described from time to time in our press releases, reports and other filings with the SEC, including but not limited the "Risk Factors Affecting Future Pecember 31, 2003. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.