IN THE NEWS
SIA, TeleContinuity Partner To Offer BCP Voice Solutions To Financial Services Industry
CONTACTS:
Christine Conlon, Securities Industry Association
(212) 618-0502, cconlon@sia.com
Michael Rosenberg, TeleContinuity, Inc.
(240) 453-6238, mrosenberg@telecontinuity.com
NEW YORK, N.Y., June 21, 2005 -- The Securities Industry Association (SIA) and TeleContinuity, Inc. today announced the signing of a strategic partner relationship to offer SIA’s member-firms access to TeleContinuity's emergency backup telecommunications network at group discount pricing. SIA member-firms can now subscribe to the TeleContinuity Network and be assured that within minutes of a telecommunication outage their inbound telephone calls can be redirected to any device and location of their choice. The news was announced at SIA’s Technology Management Conference, happening this week in New York City.
"Any loss of telecommunications can cause many problems for our members. Because of the importance of the financial markets to the U.S. economy, the regulators have mandated that firms and markets maintain alternate methods of communicating with their customers, their employees, regulators, and other entities. By providing TeleContinuity’s service to our members, SIA hopes to assist our firms with continuity of operations during a voice communications outage,” said Art Trager, SIA vice president and managing director, technology.
“TeleContinuity recognizes the importance of guaranteeing survivable telecommunications for the financial services industry,” said Roy Pinchot, CEO of TeleContinuity. “Working with the SIA, TeleContinuity will assure that SIA members can maintain telecommunications within minutes of a terror attack, PBX failure, fiber cut, fire, flood, building evacuation, or other catastrophic event.”
Through TeleContinuity's proprietary intelligent communications routing, unique switching technology, and geographically dispersed network, users can easily activate the service within minutes of a telephone service disruption and restore incoming and outgoing call service by routing their telephone service into TeleContinuity’s network. TeleContinuity's technology makes this possible by sending calls through any available circuit on both the public switched telephone network and the public Internet. Calls are moved back-and-forth between the Internet and public switched telephone networks to assure call delivery under the most difficult situations. TeleContinuity's technology enables users to be reached at a multitude of locations on various devices (i.e., land lines, cell phones, and soft phones on laptops), as if no service disruption had occurred. During emergencies, TeleContinuity provides subscribers with incoming and outgoing call service. TeleContinuity is a hosted service that does not require capital investment, additional staff, maintenance, or changes in a client’s current carrier relationships.
About SIA
The Securities Industry Association brings together the shared interests of more than 550 securities firms to accomplish common goals. SIA’s primary mission is to build and maintain public trust and confidence in the securities markets. At its core: Commitment to Clarity, a commitment to openness and understanding as the guiding principles for all interactions between investors and the firms that serve them. SIA members (including investment banks, broker-dealers, and mutual fund companies) are active in all U.S. and foreign markets and in all phases of corporate and public finance. According to the Bureau of Labor Statistics, the U.S. securities industry employs nearly 800,000 individuals, and its personnel manage the accounts of nearly 93-million investors directly and indirectly through corporate, thrift, and pension plans. In 2004, the industry generated an estimated $227.5 billion in domestic revenue and $305 billion in global revenues. (More information about SIA is available at: www.sia.com
About TeleContinuity
Founded in the wake of September 11, 2001 and the subsequent anthrax attacks on Congress, TeleContinuity is focused on providing telecommunications-assurance services to government and businesses customers worldwide. Positioned as "telecommunications gap insurance," TeleContinuity delivers a seamless, low cost, network-level solution that will restore incoming telephone service to users within minutes of a PBX or telephone company failure, fiber cut, fire, flood, building evacuation, or catastrophic event. TeleContinuity, Inc. is a 2003 winner of The National Institute of Standards and Technology's Advanced Technology Program (NIST-ATP) Grant Competition. For more information, visit www.telecontinuity.com