PACW PacWest Bancorp

CallWave Selects Pac-West Telecomm to Expand Coverage for Its Mobile VoIP Application STOCKTON, Calif. and SANTA BARBARA, Calif., Jan. 11 /PRNewswire-FirstCall/ -- Pac-West Telecomm, Inc. (NASDAQ:PACW), a provider of communications services in the Western U.S., today announced that CallWave, Inc. (NASDAQ:CALL), a leading provider of VoIP applications, has selected Pac-West's PSTN On Ramp Service, including local access numbers throughout California. "We are extremely pleased that CallWave has chosen Pac-West's PSTN On Ramp to expand coverage for its new mobile VoIP application in California," said Wayne Bell, Vice President of Marketing and Business Development for Pac-West. "With local access numbers in virtually every rate center in California, Pac-West's network infrastructure enables our service provider customers, such as CallWave, to rapidly expand their coverage without having to locate equipment in every LATA, significantly reducing their costs and accelerating their time to market." CallWave will leverage its expanded California presence to accelerate the deployment of its recently launched voice-handling capabilities for cell phones, Mobile Call Screening(SM) and Mobile Call Transfer(SM). "Pac-West's PSTN On Ramp expands our local coverage to over 99% of California, where we've experienced widespread demand for our new mobile VoIP application," said David Hofstatter, President and CEO of CallWave. "The agreement demonstrates our commitment to working with the nation's top carriers to deliver VoIP applications to the U.S. mass market without having to build a regionally distributed infrastructure." Recently launched, PSTN On Ramp provides two-way connectivity between service providers, such as CallWave, and the PSTN (public switched telephone network) through Pac-West's SuperPOP network. PSTN On Ramp includes call origination and termination, local access numbers, two-way connectivity, and multi-rate center, multi-LATA coverage per SuperPOP. For more information, please visit http://www.pacwest.com/pstn . About Pac-West Telecomm, Inc. Pac-West is currently one of the largest competitive local exchange carriers headquartered in California. Pac-West's network averages over 120 million minutes of voice and data traffic per day, and carries an estimated 20% of the dial-up Internet traffic in California. In addition to California, Pac-West has operations in Nevada, Washington, Arizona, and Oregon. For more information, please visit Pac-West's website at http://www.pacwest.com/. About CallWave CallWave is a leader in VoIP enhanced services. The company provides VoIP application services on a subscription basis that add features and functionality to the telecommunications services used in mainstream homes and small offices. CallWave's proprietary VoIP software allows subscribers to get more out of their existing networks -- landline, mobile, and IP -- by adding software-based call-handling features, and by bridging all three networks to help subscribers get their important calls. Founded in 1998, CallWave is headquartered in Santa Barbara, California. For further information, please visit http://www.callwave.com/. Pac-West Forward-Looking Statements In this press release, our use of the words "outlook," "expect," "anticipate," "estimate," "forecast," "project," "likely," "objective," "plan," "designed," "goal," "target," and similar expressions is intended to identify forward-looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important risk factors that are described in our Annual Report on Form 10-K for the period ended December 31, 2003, as filed with the SEC on March 30, 2004, which may be revised or supplemented in subsequent reports filed by us with the SEC. Such risk factors include, but are not limited to: our substantial indebtedness; an inability to generate sufficient cash to service our indebtedness; regulatory and legal uncertainty with respect to intercarrier compensation payments received by us; the declining rate at which intercarrier compensation payments are determined; the inability to expand our business as a result of the unavailability of funds to do so; adverse affects on our operations as a result of covenants in agreements related to our borrowings; the loss of key executive officers could negatively impact our business prospects; the possible delisting of our common shares from the Nasdaq SmallCap Market; and our principal competitors for local services and potential additional competitors have advantages that may adversely affect our ability to compete with them. CallWave "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release regarding CallWave Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Quarterly Report or Form 10-Q for the most recently ended fiscal quarter. DATASOURCE: Pac-West Telecomm, Inc. CONTACT: Reid Cox of Pac-West Telecomm, Inc., +1-209-926-3417, or ; or Jessie Brumfiel of CallWave, +1-805-686-8407, or Web site: http://www.callwave.com/ Web site: http://www.pacwest.com/

Copyright