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Asylum Telecom Launches 1.0 Version of Broadband Telephony Services

BUDAPEST, April 15 /PRNewswire/ -- Asylum Telecom LLC (www.asylumtel.com), a broadband Internet telephony service provider, today announced the launch of Asylum 1.0, one of the first user-friendly Internet telephony services designed for the European small-business and consumer market. The technology, affordable only to large companies up until now, allows customers to place telephone calls at a fraction of traditional phone charges.

While Internet Protocol (IP) Telephony has existed for nearly a decade, only with the proliferation of high-speed broadband lines has voice quality progressed to where it is virtually indistinguishable from that of regular fixed-line service. What's more, pilot customers of Asylum have saved between 60 and 90% off of their previous phone bills. For instance, customers who spent 100 EUR/month on telecommunications services now spend 19 EUR with Asylum. In addition, Asylum delivers features not available with traditional phone services, such as unlimited free calls to other Asylum subscribers.

What distinguishes Asylum 1.0 from its broadband telephony competitors is ease of use and reliability. "With other companies, you often need to be a technical expert to negotiate hookup and operation," notes Paul Cheng, founder and CEO of Asylum. "With our system, you simply plug in a special low-cost adapter, pick up your phone and dial your number; no extra digits are required." A 60-day, money-back guarantee eliminates the risk of signing up for this leading-edge service.

Headquartered in New York City, with an office in Cambridge, Massachusetts, and an R&D and Customer Support Center in Budapest, Hungary, Asylum plans initially to serve the European and U.S. small-business and residential markets before expanding worldwide. Asylum recently received a first-round 1 million Euro investment from iEurope Fund (http://www.ieurope.com), headquartered in New York and Budapest.

As the number of broadband users grows worldwide, Internet telephony will become increasingly attractive to the small-business market. Ovum, the largest European-headquartered advisor on telecoms, software and IT services, says that almost half a million business phones will be equipped with broadband Internet telephony this year, surging to 9.2 million in 2008. "Broadband Internet telephony will permanently change the cost base of phone service in a radical way," says Ovum analyst Mark Main.

Additional information on Asylum 1.0 can be found at www.asylumtel.com.

SOURCE Asylum Telecom LLC



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