messageREACHSM DELIVERS ONE MILLION e-MESSAGES IN ONE DAY
EATONTOWN, N.J. (August 24, 2000) - messageREACHsm, the Internet division of Xpedite, a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK; www.ptek.com), today announced it delivered more than one million electronic messages on August 21, 2000. messageREACH, an Internet-based enhanced e-mail service that was officially launched in the first quarter of 2000, has already surpassed revenue and volume expectations, growing more then 190% in the second quarter of 2000 over first quarter of 2000.
"The million message milestone is a tremendous accomplishment for our company to achieve in only a few months," said Max Slifer, President of Xpedite. "By leveraging our existing global document distribution customer base and targeting key vertical markets such as financial services and publishing, we are confident that we can become the category leader in this rapidly growing marketplace, just as we did in the enhanced fax industry."
A recent study by the GartnerGroup projects that outsourced e-mail services will grow to $2.56 billion by next year in North America alone. Additionally, IDC reports there will be more than 757 million e-mail boxes and 26 billion e-mail messages sent worldwide on an average day by 2005 (not including spam or direct e-mail campaigns sent to large lists of addresses).
messageREACH is an outsourced e-mail service that provides control, tracking, security, personalization, automated administration and large capacity for high volume e-mail applications. The service was created in response to the increasing demand both domestically and internationally for e-mail outsourcing services.
Xpedite (www.xpedite.com) is a global leader in electronic information distribution and a business unit of Ptek Holdings, Inc. (NASDAQ: PTEK). The company offers a full range of electronic- and fax-based document distribution and data messaging services using the industry's first and the world's largest dedicated IP network. Xpedite processes up to six million document pages every day to all types of electronic addresses, including Internet, e-mail, fax 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, messageREACH (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, WebEx, ScienceWise.com, PlanetJam Media Group, Ntown Communications, clickandmove.com and iKimbo. 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.
# # #
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: PTEK's ability to manage its growth and to respond to rapid technological change and risk of obsolescence of its products, services and technology; market acceptance of new products and services, including Orchestrate®; development of effective marketing, pricing and distribution; strategies for new products and services, including Orchestrate®; competitive pressures among communications services providers may increase significantly; costs or difficulties related to the integration of businesses, 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; 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, 1998 and in subsequent filings filed with the Securities and Exchange Commission.