CHATTANOOGA, Tenn.-- July 25, 2003 - Covista Communications, Inc. (NASDAQ symbol: CVST - news), announced today that it has successfully launched local phone service in New Jersey and Pennsylvania.
John Leach, Covista's President and CEO stated "Launching our KISS (Keep It Simple and Save) bundled product which combines local and long distance service is a very important milestone in our plan to return to positive net income. The benefits this new service provides in terms of higher average revenue per customer and improved margins should greatly enhance our bottom line results." Mr. Leach added, "With over 200,000 existing customers in these markets, our growth opportunity is significant."
Covista is developing local service in other markets with plans to offer its bundled service product in those key markets by the end of 2003.
About Covista:
Covista is a facilities-based telecommunications services provider with a substantial customer base in the residential and commercial market segments. Its products and services include a broad range of voice, data and Internet solutions, including local, long distance and toll-free services, calling cards, frame relay, Internet access, VPN, directory assistance and teleconferencing services. Covista owns and operates several switches in locations throughout the United States. Covista headquarters are located in Chattanooga where it also maintains a Network Operations, call center and information technology facilities to monitor its network and coordinate various services. For information on becoming a Covista c ustomer, please telephone 800-805-1000 or visit the Company's website at www.covista.com.
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