LONDON, PARIS and FRANKFURT, March 11, 2003 - Premiere Conferencing ( www.premconf.com), a leading audio and Web conferencing provider, and a business unit of Ptek Holdings, Inc. (NASDAQ:PTEK), is helping European businesses save money and simplify pan-European conference calls with the launch of ReadyConference® EuroMeetingSM. The first service of its kind for European customers, EuroMeeting allows users to access a multinational conference call by conveniently dialing a local telephone number in their own country - thereby reducing the cost of international calls and making it easier to conduct teleconferences across the European continent. It's a major step in Premiere Conferencing's continuing commitment to provide clients with global communications.
"Conferencing solutions are vital to companies seeking to collaborate across borders. With EuroMeeting, we're helping our customers make conferencing more convenient and cost effective," said Michele Hayden, Premiere Conferencing's Managing Director in Europe. "EuroMeeting was created to deliver even greater value for our customers by reducing the cost and complexity of making international conference calls within Europe."
Premiere Conferencing's EuroMeeting provides local access from more than 10 countries, including Austria, Belgium, France, Germany, Ireland, Italy, The Netherlands, Spain, Sweden, Switzerland and the UK, with plans to expand the service to other countries throughout the year. Finland, Portugal, Norway and Denmark will be available in March. Customers have a virtual meeting room at their disposal 24/7 as they always have had with ReadyConference, which alleviates the need to reserve calls ahead of time. With EuroMeeting the participant passcode does not vary across different countries, only the local access numbers change. Participants from the United States may join these calls as well via free phone--a cost saver for transatlantic calls.
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 Performance" section of our Annual Report on Form 10-K for the year ended December 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.