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Wednesday, July 18, 2007

SunRocket update

Packet8 Selected as Preferred Replacement VoIP Service by SunRocket

July 18, 2007: 04:05 PM EST

SANTA CLARA, Calif., July 18 /PRNewswire-FirstCall/ -- 8x8, Inc. , provider of Packet8 (»www.packet8.net ) residential, business and video Voice over Internet Protocol (VoIP) phone services, today announced it has signed an agreement with an organization managing the wind down of SunRocket, Inc. to present SunRocket subscribers with a specially-priced offer to transition their Internet phone service to Packet8.

Under terms of the agreement, Packet8 will waive all regular start up costs associated with its residential service plans plus offer one free month of service, a value of over $100. SunRocket will communicate with its 200,000 + subscribers via an email and voicemail campaign recommending they transition their service to Packet8 immediately.

"8x8 is pleased to be able to quickly transition SunRocket subscribers that opt into the Packet8 service," said 8x8 Chairman and CEO Bryan Martin. "In addition to special pricing, Packet8 is making arrangements with its network service providers to rapidly port SunRocket phone numbers to Packet8's network in order to minimize the disruption that this transition may cause to their communication services. SunRocket subscribers will be able to choose from several plans, including the Packet8 $199 Freedom Annual Plan which they may already be familiar with."

Publicly traded, twenty year old 8x8, Inc. has been offering Packet8 Internet phone service since 2002 and has been awarded 68 U.S. patents for voice, video and VoIP technologies. At the end of its 2007 fiscal year ended March 31, 2007, 8x8 reported more than $53 million in revenue and approximately $12 million in cash and showed significant progress toward becoming cash flow positive.

"While we are very sorry to hear about SunRocket's financial issues, we want their former customers to know that 8x8 is very committed to providing the best possible communication services, features, prices and customer service to our new customers from SunRocket. We have offered residential phone service over the Internet for nearly five years, and are one of the only service providers who own all of the core technologies underlying our services, enabling us to also provide video services with our VoIP offerings, and complete, turnkey telecommunication services to more than 8,000 U.S. businesses," concluded Mr. Martin.

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