Helical Corp. Inc. has entered into a reseller and licensing agreement with Agnicorp Inc. and its master distributor, TELoIP-NY Inc., to distribute Agnicorp's IP technology products and services and further to appoint Helical as a member of the MPoIP Carriers Consortium (MCC) for distribution of TELoIP-NY's MPoIP layered Internet services throughout North America.

Under the agreement, Helical will purchase, install and maintain its initial TELoIP-NY Internet point of presence (POP) in Atlantic Canada. Helical intends to have the initial TELoIP-NY facility fully operational by June 30, 2005.

This Internet service provider (ISP) facility will allow Helical to provide enhanced Internet services with higher speed and additional reach capacity at a lower cost to business and enterprise users throughout Atlantic Canada, Quebec and northeastern United States. The agreement further allows for Helical to position POPs in other geographic areas of Canada and the U.S. and market the services delivered directly from Helical-managed POPs and from POPs managed by other members of the MCC.

"We are excited to work with Helical and their U.S.-based subsidiary, EIT Inc., to distribute our product portfolio throughout North America. EIT offers a wide variety of communications solutions to service providers and their customers who are looking for competitive advantages in the rapidly evolving market and we are most pleased to work with Helical and EIT to establish the initial TELoIP-NY POPs in Atlantic Canada and the southeastern United States," said Pat Saavedra, president and chief technology officer of Agnicorp.