The new services will be available to U.S. residential and small business customers. TelExtreme, a wholly-owned subsidiary ofEagle Ventures International (PINK:EVGI), will be offering its first VoIP services to U.S. residential and small business customers. The services will be based on those the company has offered overseas.
The decision to enter the U.S. VoIP market was based on potential growth opportunities. The company cites research that estimates the IP telephony industry generated about $3 billion in sales in 2007 and is expected to reach $4-10 billion in annual sales by 2010. In a recent statement, it also referred to a study showing that, while most small businesses plan on converting their telephone services to VoIP, only about 25 percent have already done so.
"There are expected to be between 21 million and 24 million VoIP users by the end of 2008 in the United States alone," TelExtreme president, Timothy Langston, said in a statement. "By the end of 2010, that number could be 30 million or more."