This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Deltathree Reports Third Quarter 2010 Financial Results

NEW YORK, Nov. 4, 2010 (GLOBE NEWSWIRE) -- deltathree, Inc. (OTCBB:DDDC), a global provider of video and voice over Internet Protocol (VoIP) telephony services, products, hosted solutions and infrastructures for service providers, resellers and direct consumers, today announced financial results for the third quarter 2010, ended September 30, 2010.

Mr. Effi Baruch, Chief Executive Officer, President and Senior Vice President of Operations and Technology of deltathree, stated, "Our third quarter 2010 financial results were highlighted by our second consecutive quarter of sequential revenue growth, as deltathree's expanding portfolio of digital voice and video communications solutions gained additional traction with service provider and consumer customers. Sequential top line growth was matched with a sequential reduction in our quarterly net loss, as operating efficiency measures across the company yielded improvements in our cost structure."

"On the product development front, during the third quarter we launched several new mobile VoIP offerings aimed at penetrating the vast and growing market for cellular VoIP solutions. Our recently launched joip Mobile phone application offers cellular customers a new and flexible way to make low cost mobile calls over GSM, CDMA as well as WiFi networks. Building on the successful launch of joip Mobile, deltathree signed a sales agency agreement with ACN, Inc. for deltathree's mobile phone application. ACN is the world's largest direct seller of telecommunications and essential services for residential and business customers and will be offering a private label version of our joip Mobile phone application through thousands of independent representatives in ACN's North American distribution network under the ACN Mobile World brand. Cellular operating systems supported by joip Mobile and ACN Mobile World include the iPhone, Google Android and Nokia Symbian, with support for the Windows Mobile operating system and BlackBerry expected soon."

"During the third quarter we also strengthened the ranks of our senior management team with two key appointments. Arie Rand assumed the roles of Chief Financial Officer and Treasurer, bringing deep expertise in effectively managing financial, strategic and business activities for growth-oriented technology companies trading in the global capital markets. We also welcomed to deltathree Todd Stone as Vice President of Business Development and Sales, bringing more than 13 years of experience in selling, marketing and promoting leading edge communications solutions to major operators and carriers in North America, Europe, Latin America, Asia and Africa. Amongst other things, Todd will be leading the company in building up our affiliate program in which affiliates will locate and bring new subscribers to our joip Mobile service. These appointments bolster deltathree's leadership team as well as our ability to drive sales and increase our share in the global market for digital voice and video as well as mobile VoIP communications offerings," concluded Mr. Baruch.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs