NTOP Net2Phone (MM)

Cable & Wireless of Cayman has announced today its new residential broadband telephony Voice over IP (VoIP) service, branded as "NetSpeak," to its customers across all three of the Cayman Islands. Cable & Wireless' NetSpeak introduces unlimited calling for Cayman residents from the leading telecommunications operator in the Cayman Islands with a history of telephone service innovation. NetSpeak is the second VoIP-based product that Cable and Wireless (Cayman Islands) Ltd. has launched in conjunction with Net2Phone (Nasdaq: NTOP), whose fully-managed, hosted platform enables value-added retail products with low-cost options for local and long distance calling. "As the leading communications provider in the Cayman Islands, Cable & Wireless is excited to break ground with our offering of high quality broadband telephony service throughout the country," said Timothy Adam, Chief Executive of Cable & Wireless Cayman Islands. "With the launch of NetSpeak, our customers can now access a low cost, high-quality phone service with the versatile features and functionality that VoIP offers." "At Net2Phone we are increasingly seeing local operators use VoIP to grow revenue and offer new services," said Jonathan Reich, Chief Executive Officer of Net2Phone Global Services. "Cable & Wireless' rollout of digital telephony with Net2Phone showcases our value as a provider who can accelerate operators' time to market with robust solutions." NetSpeak service includes pricing plans of unlimited calling to US, Canada, and Western Europe fixed lines. Friends and Family of NetSpeak customers can conveniently call using a variety of local and international phone numbers available in Cayman Islands, the US, UK, and Canada. The basic plan also includes many value added features, such as call waiting, caller ID, call forwarding, and voicemail with new web-based account/feature management tools at no additional charge. About Net2Phone Net2Phone provides VoIP PacketCable, SIP and wireless solutions around the world. As a leader in turn-key hosted VoIP telephony services, Net2Phone has routed billions of VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone provides partners with a SIP-based broadband telephony solution, calling cards, prefix dialing and enterprise services in over 100 countries. Net2Phone's PacketCable platform provides cable operators with the ability to deliver a high quality primary line-type service with features such as emergency calling. For more information about Net2Phone's products and services, please visit www.net2phone.com. About Cable & Wireless of Cayman Globally, C&W is the third largest carrier of international traffic bringing integrated communications to over 17 million customers. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements involve risks and uncertainties and actual results could differ materially from those discussed in the forward-looking statements. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Factors which may affect the Company's results include, but are not limited to, the Company's ability to satisfy in a timely manner the requirements of Section 404 of the Sarbanes-Oxley Act and the rules and regulations adopted pursuant thereto, the Company's ability to expand its customer base, the Company's ability to develop additional and leverage its existing distribution channels for its products and solutions, dependence on strategic and channel partners including their ability to distribute the Company's products and meet or renew their financial commitments, the Company's ability to address international markets, the effectiveness of the Company's sales and marketing activities, the acceptance of the Company's products in the marketplace, the timing and scope of deployments of the Company's products by customers, fluctuations in customer sales cycles, customers' ability to obtain additional funding, technical difficulties with respect to the Company's products or products in development, the need for ongoing product development in an environment of rapid technological change, the emergence of new competitors in the marketplace, the Company's ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation, the Company's ability to manage growth, obtain patent protection, and obtain additional funds, general economic conditions and other risks discussed in this Press Release and in the Company's filings with the Securities and Exchange Commission. All forward-looking statements and risk factors included in this document are made as of the date hereof, based on information available to the Company as of the date thereof, and the Company assumes no obligation to update any forward-looking statement or risk factors.