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GetReal©
with Canquest
June 9, 2000 / Chatham, Ontario, Canada - Canquest
Communications announced a new program today called GetReal©
with Canquest, which features Prepaid 1-Plus© calling from
home with Real-Time Electronic Bill Presentment of long
distance phone calls.
Primarily targeted at the Telephone Companies, the
copyrighted technology allows customers to remain PIC'd to
their long distance carrier of choice but pay for and view
their calls real-time.
"Similar to when you use your bank card to purchase
items, GetReal©allows customers to budget their long
distance spending buy purchasing minutes real-time",
states CEO John W. Smith. "As an added appeal, your
phone calls with appear on the Internet within a couple of
seconds of hanging up, which completely eliminates the need
for a paper bill."
"There are tremendous advantages for both the Telco's
and the customers", added Smith. "From the Telco's
perspective, there are huge cost savings by not having to
produce and mail paper copies of statements. Beyond that,
there are now opportunities to target market to their
customer with electronic "smart" inserts and
advertising. And perhaps best of all for the Telco is that
they have virtually eliminated the possibility of any bad
debt, since the customer has already paid for their phone
calls to say nothing about the positive cash flow effect of
prepaid."
"From the customers perspective, they may have access
to lower rates since they have paid in advance and elected
to not receive a paper copy of the statement. These savings
and cash flow benefits to the Telco should result in better
rates. A customer no longer has to worry about credit checks
and deposits traditionally requested by the Telco. For the
first time, you are able to choose how much you want to
spend on long distance and budget accordingly, no
embarrassment of having your toll restricted. When a
customer utilizes their account balance, long distance
calling is blocked until the account is reloaded. No
negative customer confrontations."
Canquest Communications is Canada's only licensed full
service card platform provider offering a range of
electronic transaction business solutions including prepaid
and postpaid phonecards, prepaid cellular, prepaid paging
and customer service. Canquest currently holds 7 copyrights
for its unique telephony technologies.
The website for Canquest is www.canquest.com
For further information, please contact:
Mike Pugh, Vice President, Operations at Canquest
Communications (Canada) Inc. at 519-351-8647 or email at mpugh@canquest.com
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