ONIT Shows Continued Growth Trend in Q3 Results

Dallas-based ONIT Communications, Inc., a provider of enhanced Voice over Internet Protocol (VoIP) services to business customers worldwide, announced a quarterly recurring revenue increase of 200 percent over Q2 2005.

With the launch of ONIT's TruVoIP Channel Partner Program, organic growth continues to gain momentum while the acquisition of American Business Phones (ABP), a provider of emerging communication solutions to business customers in Texas, helped contribute to the company's sustained growth trend. This represents ONIT's fourth consecutive quarter of triple-digit growth.

As an emerging leader in the hosted VoIP market, ONIT's growth trend continues to outpace average industry growth rates. "We continue to develop new services, attack new markets and acquire companies that match or extend our business model," said ONIT Vice President of Marketing, Darren Vader. "This strategy not only helps us maintain revenue growth, it also benefits our customers by allowing us to provide a range of additional services and maintain our position as an industry leader."

"The market demand for hosted VoIP solutions such as our TruVoIP product will account for over 25 percent of total telephony installations over the next three years while total available market revenue is expected to reach nearly $6 billion within four years," said Vader. "Our focus is on capturing the largest share of this market growth while continuing to provide our clients with the level of uniquely superior customer service that we have become known for."

ONIT Communications offers its customers a package of broadband telephony and high-speed Internet connectivity for a flat rate that typically represents a 50 to 75 percent cost savings. Additionally, the company's full featured TruVoIP solution is designed to ensure that new customers experience a smooth transition from traditional PBX phone service to IP telephony without interruption to their day-to-day business operations.

About ONIT Communications
Dallas-based ONIT Communications provides hosted VoIP solutions to business customers worldwide. ONIT TruVoIP leverages a powerful Internet Protocol (IP) network combined with IP telephony applications and superior service to offer integrated, feature-rich voice and data communication services at an affordable price. ONIT TruVoIP delivers a flat-rate broadband telephony service that includes web-based call management, simplified billing, free long distance, and high-speed Internet connectivity. For more information, please visit our website at www.ONIT.com.

ONIT Shows Continued Growth Trend in Q3 Results

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ONIT Shows Continued Growth Trend in Q3 Results

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