Speak Telecom Inc. Launches its Speak10-10-940 Dial-Around Long Distance Service

Oakville, Ontario – Dec. 23, 2004 – Speak Telecom Inc. announced today that it has officially launched its Speak10-10-940 dial around long distance service that will allow customers to save dramatically on their long distance phone calls.

“Most people in Canada pay far more for their long distance service than they really have to,” said Mike Cunningham, President of Speak Telecom. “With our Speak10-10-940 service consumers no longer have to choose between paying a high price for their long distance and call quality.”

Speak Telecom is able to utilize its scalable softswitch technology platform and least-cost routing capabilities to provide low cost long distance service to North American and overseas destinations without sacrificing call quality. “Many calling cards sacrifice call quality in order to offer discounted rates, while many traditional carriers charge a premium in order to provide quality calls. Through a low-cost structure and outsourced billing functions, we can afford to offer exceptional call quality at low prices,” added Cunningham.

“All you have to do to you use our service is dial 10-10-940 before you dial your long distance or overseas call as usual. No signup or registration is needed and you won’t receive any extra bills since all calls appear on your local Bell phone bill. This makes it easy for the customer to use and allows us to save on administration and the cost of billing,” said Cunningham. “In turn we pass those savings to our customers.”

Speak Telecom differentiates itself from other long distance providers by keeping its pricing structure simple. Unlike many calling card programs, there is no call connection charge and no upfront cost of buying a card. Customers pay only for the time used eliminating the problem of unused minutes on a card or having a card expire.

“We use simple per minute pricing to make it easy for people to understand and to help consumers save money,” said Cunningham. “With services that charge a dollar for a certain number of minutes, many people end up paying a dollar to make a call that goes right through to an answering machine. It’s even worse if they dial the wrong number. The user ends up paying a much higher price in those instances.”

Although dial around services are not new to Canada, the popularity of them has not taken off in Canada like it has in the United States where a higher percentage of people are familiar with the service and how it operates. “As people become more aware of Speak10-10-940 and dial around services in Canada becomes more popular, several of the more unusual or difficult to understand pricing schemes will disappear,” said Cunningham. “Speak Telecom is ideally situated in the market currently, as it has a quality, low-cost product at a time when people are increasingly becoming familiar with dial around services.”

The Speak10-10-940 service is currently available in Ontario within the 416, 905, 519, 705, 647 and 289 area codes to Bell local customers. Further information about Speak Telecom Inc. and worldwide rate information can be obtained from the company’s website, www.1010940.com. Season's Greetings and Happy New Year!

Media Inquires – Ron Kawchuck (416) 342-9538