Innovate Corp.

Primus Telecommunications Group, Inc.
	File:Primus logo.png
Company type	Public OTCBB (Nasdaq: PRTL)
Industry	Telecommunications
Founded	1994
Headquarters	McLean, Virginia, USA
Key people	K. Paul Singh, Chairman & CEO; Thomas R. Kloster, CFO; Tracy Book Lawson, Principle Accounting Officer
Products	Long Distance Telephony, Wireless, VoIP
Revenue	$902 Million USD (2007) [1]
Net income	$15.7 Million USD (2007) [2]
Number of employees	2,800 (2006)
Website	www.primustel.com

Primus Telecom is a telecommunications provider, founded in 1994 by ex-MCI executives. The company is listed on the OTCBB (Nasdaq: PRTL) with world headquarters in Fairfax County, and with subsidiaries in Australia, Canada, Japan, India, Brazil, UK and other countries making a substantial portion of its revenue.

As of 2008, the company's stock had dropped more than 99% from its peak in early 2000,[3] amid declining revenue and accelerating losses.[4],[5] According to the company's SEC filings, "Primus did not maintain effective internal control over financial reporting as of December 31, 2006, due to the material weakness in the Company’s internal control over accounting for income taxes...."[6] In 2007, Primus Telecom admitted paying more than $22 million to settle a lawsuit alleging illegal or fraudulent transfers of funds.[7] Primus Telecom has also been named as a defendant in additional federal litigation.[8]

In the United States, Primus Telecom markets its subsidiary Lingo, a Voice over IP product that competes with Vonage. (For numbers within the United States and Canada, other competitors include Dan Borislow's Magic Jack.[9]) Lingo has been the subject of consumer complaints and negative reviews reporting refusal to honor refunds and deteriorating quality.[10],[11],[12]

Starting at the end of 2006, Primus introduced its Prepaid and Postpaid calling plan, called Globetalk. This plan provides low 7.7c/minute rates from the USA to India, and 3.9c/minute within the USA, without the customer having to change their current long distance provider.[13]

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