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JCOM is a 10 year old company with a history of being the acquirer, and serves 9 mil+ customers...

J2 Global History
Founded in 1995, j2 Global Communications, Inc. (NASDAQ: JCOM) provides individuals and businesses throughout the world with high value, time saving communications and messaging services, including industry-leading unified messaging capabilities, which j2 developed internally and introduced commercially in 1996.

How it all began
In 1994, Jaye Muller, a 25 year old German-born musician and "techno-entrepreneur," was touring England with his band and found that his constant movement in and out of different towns and hotels caused him to miss messages. Jaye was inspired with an idea to develop a computerized fax and voice messaging service that followed the subscriber no matter where he or she roamed. Together with his manager and business partner, Jack Rieley, they created JFAX (now, j2 Global Communications).

Business Milestones
April 1997: j2 closes its first round of venture capital financing with Orchard Capital Corporation.
June 1998: j2 completes a Private Placement led by Donaldson, Lufkin & Jenrette
July 1999: j2's Initial Public Offering (IPO)
January 2000: j2 acquires Fax-for-Free, Inc.
March 2000: j2 acquires the assets of TimeShift, Inc.
November 2000: j2 acquires eFax, Inc.
March 2004: j2 Global acquires The Electric Mail Company
August 2004: j2 Global acquires Onebox unified communications assets from Call Sciences, LTD
July 2005: j2 Global Acquires Data On Call Assets
November 2005: j2 Global acquires Puma Unified Communications Limited

Core Technology
j2's core application allows users to receive faxes and voicemails into their e-mail accounts via a patented solution. Other services include sending faxes and voicemails through the Internet and PSTN, on-demand conference calls over the Web, accessing and managing messages by telephone, and fax broadcasting. j2's services turn the customer's e-mail Inbox into a single repository for all messages and provides for message retrieval through e-mail or by telephone. Users realize reduced costs, enhanced efficiency and greater security & privacy over traditional methods of messaging and communicating.

Financials
Over the past 34 consecutive quarters, j2 Global has increased its revenue from quarter to quarter. More importantly j2 Global has reported 15 consecutive quarters of positive GAAP net earnings and 10 years of revenue growth 30% or better.

For the quarter ended September 30:
Revenues of $37.7 million
Gross Profit of $29.6 million
Gross margin of 78.5%
GAAP Net Earnings of $18.2 million

Funds available for use in the business totaled $131.6 million at September 30, 2005.

As of September 30, 2005, j2 Global had more than 10.2 million subscribed DIDs (direct inward dial phone number) of which 691,096 are direct Paid DID and 9,549,886 are Free DID's.

Management
j2 Global Communications is led by a world-class management team, overseen by an experienced and committed board of directors. The company's senior management represents individuals with deep data and voice communications expertise who have distinguished themselves over the past two decades in executive positions at leading global firms.

Top Institutional holders, as of Sept 30th
BLAIR (WILLIAM) & COMPANY, L.L.C. - 10.55%
GOLDMAN SACHS GROUP INC - 7.14%
MUNDER CAPITAL MANAGEMENT, INC. - 4.94%
CHURCHILL MANAGEMENT CORP - 4.45%
WASATCH ADVISORS INC - 4.25%
BARCLAYS BANK PLC - 4.20%
CANYON CAPITAL ADVISORS LLC - 4.17%
VANGUARD GROUP, INC. (THE) - 4.07%
RS INVESTMENT MANAGEMENT, L.P. - 3.78%
FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP) - 3.28%