BURLINGTON, Mass.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Sept. 27, 2005--Pingo(TM), the prepaid calling card service of iBasis (OTCBB: IBAS), today announced new lower rates on calls to Iraq, Afghanistan, India, Bangladesh, and Pakistan. The reductions are the result of RateWatcher(TM), a feature of Pingo that actively searches for opportunities to reduce costs and pass the savings along to Pingo phone card subscribers. iBasis, with its global VoIP network, is one of the ten largest carriers of international telephone calls in the world. With the Pingo ''virtual'' calling card, consumers can get the same high quality service iBasis provides on a wholesale basis to many of the largest telephone companies in the world.
With RateWatcher, Pingo calling card customers benefit from the worldwide buying power of iBasis. By actively monitoring changing long distance costs around the world, RateWatcher finds opportunities to lower Pingo`s costs and save Pingo subscribers from the chore of having to compare rates from a multitude of prepaid calling cards. RateWatcher has previously reduced rates to many popular calling destinations in Latin America and Asia, as well to almost one billion mobile phones in 100 countries.
''We`re especially pleased to be able to provide lower calling rates to Iraq and Afghanistan, and we hope that the Pingo calling card service can be helpful to subscribers with family, friends, or business associates in those troubled areas,'' said Ofer Gneezy, president and CEO of iBasis. ''Plus, these reductions make Pingo particularly attractive for those calling the Indian Sub-continent, the destination for more than 2.5 billion minutes of calling from the U.S. annually.''
About Pingo
Pingo customers save on calls to and from both landline and mobile phones. Mobile phone users in particular can save as much as 90% on international calls by using Pingo`s toll-free access and lower rates on international calls. Minutes can be purchased using credit cards and debit cards at www.pingo.com. New customers begin saving immediately with a sign-up bonus of $5 worth of free calling and can receive additional $5 credits by successfully referring their friends to the Pingo service. Pingo can also be used to save on calls from 23 countries including, Canada, Japan, Germany, Mexico, Russia, and the U.K. Pingo is a service of iBasis, Inc. (OTCBB: IBAS), one of the ten largest carriers of international phone calls in the world and a leader in VoIP.
iBasis is a registered mark, Pingo, RateWatcher, The iBasis Network, and the last calling card you`ll ever need are trademarks or servicemarks of iBasis, Inc. All other trademarks are the property of their respective owners.
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