XPEDITE DELIVERS TWO MILLION e-MESSAGES IN ONE DAY VIA messageREACHSM
EATONTOWN, N.J., December 14, 2000 - Xpedite (www.xpedite.com), a global leader in multimedia information distribution and business unit of Ptek Holdings, Inc. (NASDAQ: PTEK; www.ptek.com), today announced its messageREACHSM e-mail division delivered more than two million electronic messages on December 7, 2000, doubling its daily volume in less than four months. messageREACH is an outsourced e-mail service that provides control, tracking, security, personalization and automated administration for high volume e-mail applications. messageREACH revenue and volume increased by more than 134% in the third quarter of 2000 compared to the second quarter of 2000.
"We are gaining tremendous momentum in the outsourced managed e-mail market, particularly from our international locations in Europe and Asia," said Max Slifer, President of Xpedite. "We are thrilled to see such rapid growth for our messageREACH basic services, and we anticipate that our customer base will expand even more when we roll out upgrades to the service next year."
A recent study by the Radicati Group projects the market for managed messaging services will grow from $1.7 billion at year-end 2000 to approximately $6.6 billion by 2004. It also shows the hosted messaging services market growing from $379 million in 2000 to more than $1.5 billion by 2004.
Xpedite (www.xpedite.com) is a global leader in multi-media information distribution and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK). The company offers a full range of electronic-, voice-, and fax-based information distribution and data messaging services using the company's dedicated IP network. Xpedite processes up to six million document pages every day to all types of electronic addresses, including Internet, e-mail, fax, telephone and telex. Xpedite's diverse client base includes such industry leaders as Boeing, BankOne, Merck, Xerox, Chase Manhattan, as well as 40% of all Fortune 500 companies. Xpedite has sales offices in 30 locations throughout the U.S. and 25 international offices, including Tokyo, London, Sydney, Seoul, Singapore, Brussels, Munich and Paris.
In early 2000, Xpedite announced that it had formed a new division, messageREACHSM (www.messagereach.com), which is an outsourced, Internet based e-mail service provider for Fortune 2000 companies, specializing in tracking, encryption and automated administration for high volume e-mail applications.
About Ptek Holdings, Inc.
Ptek Holdings, Inc. (NASDAQ: PTEK) is a network of leading Internet and business-to-business service providers. Ptek's business units include Xpedite, Voicecom and Premiere Conferencing. The company's PtekVentures investment unit has ownership interests in Healtheon/WebMD (NASDAQ: HLTH), S1 Corporation (NASDAQ: SONE), WebEx (NASDAQ: WEBX), USA.NET, Webforia, Derivion, i2Go, BuyTrek, ScienceWise.com, PlanetJam Media Group, Ntown Communications, clickandmove.com, iKimbo, WorldWideTesting and epipeline. Ptek leverages the technologies, management expertise, market channels and capital of its network to drive growth and promote market leadership throughout its operating and network companies.
Ptek Holdings' corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta, GA 30326. Additional information can be found at www.ptek.com.
For Investor Relations-related inquiries, please contact Eric Martin at 404-504-2461.
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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 the following factors: competitive pressures among communications services providers, including pricing pressures, may increase significantly; Ptek's ability to respond to rapid technological change, the development of alternatives to its products and services and the risk of obsolescence of its products, services and technology; market acceptance of new products and services; development of effective marketing, pricing and distribution strategies for new products and services; strategic investments in early stage companies, which have limited operating histories and are subject to significant risks, may not be successful and returns on such strategic investments, if any, may not match historical levels; the value of Ptek's business may fluctuate because the value of some of its strategic equity investments fluctuates; Ptek's strategic investments in companies that are subject to the Securities Exchange Act of 1934 are subject to the risks disclosed by those companies in their public filings; Ptek may incur significant costs and may be forced to make disadvantageous business decisions to avoid investment company status, and Ptek may suffer adverse consequences if it is deemed to be an investment company; Ptek's ability to manage its growth; costs or difficulties related to the integration of businesses and technologies, if any, acquired or that may be acquired by Ptek may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; the success of Ptek's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation or adverse results of current or future infringement claims; risks associated with interruption in Ptek's services due to the failure of the platforms and network infrastructure utilized in providing its services; risks associated with the Year 2000 issue, including Year 2000 problems that may arise on the part of third parties which may effect Ptek's operations; risks associated with expansion of Ptek's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which Ptek is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which Ptek is engaged; and changes in the securities markets may negatively impact Ptek.
For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 1999 and in subsequent filings filed with the Securities and Exchange Commission.