An Atlanta-based VoIP products and services developer today announced that it’s joining a Kuwaiti businessman in an effort to expand its business internationally.

 

Officails from i2Telecom (News - Alert) International, Inc. say that Raed A. H. Rajab will provide $9 million in marketing and operations funding over the next year in order to introduce its flagship product – “MyGlobalTalk,” which brings Internet telephony to cell phone users regardless of their carrier, device manufacturer or plan – to new markets.

 

The mobile VoIP solution recently was “Internet Telephony (News - Alert)” magazine’s “Product of the Year 2007.”

 

Presumably, since Rajab is based in the United Arab Emirates and i2Telecom officials say they’re relying on established sales channels, the company is eyeing the Middle East region.

 

The company’s chief executive officer, Paul Arena, said the company was “pleased” to select Rajab as a telecom partner “in this rapidly developing region of the world.”

 

“We believe that our ongoing success in the international marketplace reflects not only the fundamental economic benefits of mobile VoIP, but also the added value of our intellectual property,” Arena said. “Working with such successful businessmen as Mr. Rajab in these growing markets, we will provide significant cost savings and improved communications capabilities to the customers and employees of organizations around the world.”

 

Specifically, company officials say, the venture is designed to set up wholly owned subsidiaries in each country and transfer exclusive rights to i2Telecom technology to that country in exchange for money.

 

i2Telecom officials say they will “consolidate the operating results of the joint venture in its financial results beginning with the third quarter.”

 

In exchange for the first $1 million he invests, Rajab will receive 1 million “restricted shares” of i2Telecom stock, according to the company.

 

Rajab said he and his investors see i2Telecom as a sound investment because it will bring improved service to remote areas of targeted nations.

 

“We see this as an opportunity to make an investment in mobile VoIP technology that can provide an above average return on our capital,” Rajab said. “i2Telecom’s products are very easy to deploy and an ideal complement to SMEs, Internet Cafés and Hotels in numerous countries in the Middle East, Asia and elsewhere. We believe i2Telecom is positioned to emerge as one of the leaders in this region of the world, and we intend to put our full effort behind the joint venture with i2Telecom to make this happen.”