TGLO news:
Jul 09, 2003 (Datamonitor via COMTEX) -- TheGlobe.com Inc, one of the most
spectacular dot-com crash and burn stories, is preparing to relaunch as a
provider of voice over IP services for consumers and businesses in the US.
Almost two years after closing its flagship web community services, the company
yesterday announced it has received $8.7m in venture capital financing to launch
"voiceglo", a suite of VoIP offerings.
TheGlobe is to launch three products, according to regulatory filings, which
will offer low-cost voice communications over the IP network. The technology was
acquired when the company bought Direct Partner Telecom Inc a month ago.
Voiceglo Live will be an "on-network" service that will allow users to make
calls to other subscribers, or to the PSTN for a per-minute fee. The system will
employ a presence-aware directory for locating users.
Voiceglo USA will be positioned as an alternative to a regular PSTN phone line
and marketed at businesses and consumers on broadband links. Voice would be
carried over IP to Voiceglo, where it would interconnect with PSTN.
Voiceglo Biz will bundle the first two offerings in a package aimed at
businesses. An advantage of the service is that users would be able to log in
and use their phone number from any fast IP connection in the world.
Phone numbers will be portable from existing PSTN services, TheGlobe says, and
discoverable via normal directory services or via web search engines. Supported
hardware includes PC microphones/speakers, USB handsets, and regular phones with
the addition of an adaptor.
TheGlobe made records in late 1998, at the height of the dot-com boom, when its
share price rose 606% in its first day of trading. The business - free web pages
supported by advertising - shriveled as the ad market dried up.
Since closing the doors of its eponymous web community in 2001, TheGlobe has
scraped by on the back of its computer games magazine publishing business, all
the while maintaining a listing on the OTC Bulletin Board.
The company has now secured $8.7m in a private offering led by Patten & Patten
Inc, Huizenga Investment LP, Berrard Holdings LP and Actarus Fund II. The cash
will be used to deploy and market the Voiceglo services.
Source: Computerwire
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