ACCAtel, Inc.


	Accatel provides wholesale and retail traffic and solutions to carriers, enterprise, and individuals' worldwide. Accatel's customers are carriers who resell Accatel's high quality, low cost minutes to their own residential and business customers; as well as companies and individuals who utilize Accatel's network to speak with associates, colleagues, and friends around the world. Accatel has become a major force in targeted developing countries where expanding the telecommunications infrastructure is key to economic success and entry into the global economy. The company has been extremely successful in carrying an increasing amount of traffic between developed and developing countries while avoiding dependence on the overbuilt East-West routes which have been unprofitable for conventional carriers. A growing amount of prepaid card traffic from the developed world is carried to the developing world by Accatel. Accatel is succeeding in part because it carries phone to phone calls across the Internet without sacrificing the quality phone users expect. In fact, the technology that Accatel uses to monitor and re-route calls often delivers better consistent quality to the developing world than the traditional phone network as well as better service everywhere during times of congestion and emergency. Accatel's use of the Internet and Voice over Internet Protocol (VoIP) means that carriers everywhere gain immediate access to Accatel's network without expensive dedicated circuits. New competitors as well as incumbent carriers in a much more competitive world find that obtaining a worldwide footprint by sending their traffic through Accatel leaves them free to spend their capital and human resources on building local markets and local infrastructure. Some local carriers and resellers outsource provisioning of their entire long distance service to Accatel; others use Accatel to supplement their existing route structure. Accatel's customers and suppliers alike are reassured by Accatel's balance sheet, which has no net debt and is as simple as it is strong.