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ACEN on Track for $165 Million in Sales
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Wednesday, January 10, 2001 9:04:30 AM
ACEN on Track for $165 Million in Sales for 2001
January 09, 2001 14:01
Swift Acquires Real Time Fax Business in Singapore and Malaysia
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LONG ISLAND, N.Y.--(BUSINESS WIRE)--Jan. 9, 2001--Swift Telecommunications, Inc. ("STI") is pleased to announce that
it has finalized an agreement to acquire Premiere Technologies Inc. (PTEK) Real Time Fax business in Singapore and
Malaysia. The new venture will be known locally as Xtreme Global Communications (S) Pte Ltd. ("Xtreme").
PTEK has a wide range of services in the region; however, STI has focused on the purchase of its real time fax business
Xtreme, whose headquarters are located in Singapore, is the latest addition to the list of subsidiaries of STI. In August 2000,
STI acquired GN Comtext's (UK Based) Network business. In addition, in November 2000 STI acquired TMI's North
American Fax and telex business, and in December 2000 it signed a definitive purchase agreement to acquire the Easylink
division from AT&T. Total annual revenues for these acquisitions are expected to be in excess of $165 million.
George Abi Zeid, President and CEO of STI comments, "This acquisition opens new markets in South East Asia for STI's
data and voice service. I have known and worked with local management of Xtreme, and know they will be an additional
asset to STI's staff."
Xtreme provides various state-of-the-art telecommunications products and services to customers throughout the Southeast
Mr. Rayson Nah will be Xtreme's New Managing Director, Mr. John Choo the Director of Operations, and Mr. Patrick Tan the
Director of Sales. They are all former senior managers of Premiere Information Systems Pte Ltd (Singapore) and have more
than 28 years of combined experience in the telecommunications industry in the region.
"The change in the ownership of the real-time business will not impact our customers," states Rayson Nah, Managing
Director of The Xtreme Global Communications (S) Pte Ltd. "Service and support will remain unchanged and at the same
high levels we have already established. All existing real-time fax traffic will continue to go through Xpedites reliable network,
until all such traffic are migrated to STI's vast global network. The individual customer will not experience any difference."
"We are very excited with the new tie-in to STI as there will be increased opportunities to grow the market. With the
acquired Real-time business' existing customer base, these customers will definitely benefit from the new value-added
business services that we plan to implement in the network over the next few months. We will be working very closely with
each individual business unit, so we're confident that there will be a very smooth transition." said Mr. John Choo, Director of
Mr. Patrick Tan, the Director of Sales states, "This strategic transaction serves to benefit our customers on a long-term
basis. Our combined efforts and products are the answers for all of our customers' value-added service expectations, and
they will benefit from the savings we will pass back to them as a result of this transaction. Our commitment to quality and
service will remain unchanged. My responsibility is to develop the business in Singapore as well as to drive and grow
corporate sales in the South East Asia region."
STI is a telex, Fax, Data VOIP, Outsource and Facility Management Company headquartered on Long Island, New York
with sales offices and computer facilities in New York City and 46 countries overseas. STI was formed to acquire, outsource
and perform facilities management for the telex, fax VOIP and Data business of retail as well as PTTs and wholesale
carriers around the world.
Swift announced on December 14, 2000 that it had finalized a Note Purchase Agreement with American Communications
Enterprises, Inc., a NASDAQ OTC Bulletin Board Company with symbol ACEN. ACEN expects to complete the
acquisition of Swift Telecommunications, Inc. during the first quarter of 2001. Upon the consummation of the acquisition of
STI by ACEN, which is subject to certain conditions that are currently being completed by ACEN, the Xtreme Global
Communications division will be purchased by ACEN and become an operating division of ACEN. The Company
believes that it will satisfy the conditions of the Note Purchase Agreement, and the acquisition of STI will be consummated
within the terms of the Agreement.
Please visit the ACEN web site located at www.americonnex.com for additional information, and/or call Mr. Steve
Wagoner at 941/923-1949 for a free Investor Package.
Certain statements included in this press release are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements expressed or implied
herein. Factors that might cause such a difference include, among others, competitive pressures, the company's ability to
successfully implement traffic, constantly changing technology, associated with recently formed entities. As a result, this
press release should be read in conjunction with the Company's periodic filings with the SEC.
CONTACT: American Communications Enterprises, Inc.
Steve Wagoner, 941/923-1949
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