Vistula Communications Services, Inc. Completes $16.3 Million Private Placement

Vistula Communications Services, Inc. Completes $16.3 Million Private Placement
NEW YORK, May 23 /PRNewswire-FirstCall/ -- Vistula Communications Services, Inc. (OTC Bulletin Board: VSTL), a global supplier of flexible and reliable Voice over Internet Protocol ("VoIP") services to major telecommunications carriers and Internet Service Providers, today announced it had completed a $16.3 million private placement.

Thieves use VoIP for phishing attacks
Taking advantage of the low cost of VoIP (Voice over IP) technology, thieves have now begun luring victims to fake automated call centres via a new kind of phishing attack.

Investors react cautiously to Vonage IPO
Investors reacted mildly to Vonage's IPO today causing the stock to drop almost 15% on its first day of trading.

Feds declare end of war tax
WASHINGTON -- United States Treasury Secretary John Snow announced in a statement that the nation s telephone tax, a measure enacted to repay debts incurred in the Spanish-American War of 1898, will be eliminated on July 31, 2006.