Virtual PBX®, the inventor and leading supplier of hosted business phone services, today announced four new pricing packages that offer small and midsize businesses the industry’s best value in a hosted PBX service.

Today’s announcement positions Virtual PBX’s offerings as the least expensive among leading hosted PBX service providers while maintaining the company’s heritage of delivering innovative technology, the industry’s deepest feature set and great customer service.

The four new plans and their key features are highlighted below. To see a full list of the details of each package and all included and optional features, please visit http://www.virtualpbx.com/plans-and-prices/comparison.asp:

• Virtual PBX 5: $9.99/month, 5 extensions, 100 free minutes, 6.49 cents per additional minute
• Virtual PBX 10: $24.99/month, 10 extensions, 500 free minutes, 5.79 cents per additional minute
• Virtual PBX 20: $44.99/month, 20 extensions, 1,000 free minutes, 4.69 cents per additional minute
• Virtual PBX 50: $94.99/month, 50 extensions, 2,000 free minutes, 4.39 cents per additional minute

With the new pricing, Virtual PBX’s customers can expect up to a 60 percent savings compared to the previous pricing structure. The company has also eliminated all startup and activation fees. New users can try out any of the four new hosted PBX packages on a 14-day trial basis to see the many benefits offered by the company firsthand. As an added bonus, the company is now offering free minutes with all of the pricing packages, so if users stay within their allotted minutes, they will never need to pay more than the monthly flat fee.

“Virtual PBX has always been the forerunner and visionary in the hosted phone services market,” said Paul Hammond, CEO of Virtual PBX. “First we created the industry, then we went on to innovate the best assortment of features, and today we introduced the market’s best pricing. Our high growth rate and technology development have reduced our costs and we’re excited to make it less expensive for clients to use our system.”

A hosted PBX service provides customers with advanced phone answering and call routing features without the expense of purchasing their own PBX hardware or the added costs of installation, ongoing maintenance and support. Virtual PBX was the first company to bring this service to market, which is ideal for small firms, companies with a distributed workforce and those that want toll-free number services.

“A hosted PBX has little to no upfront capital or hardware expense and is a cost-effective option that can enable new companies to enter the market or help cash-crunched firms stay in business,” said Tim Tyler of Bigwig Office Inc., a user and reseller of Virtual PBX services for small businesses. “With this announcement, Virtual PBX, long known for the quality of its service and wide range of features, has made hosted PBX an even more compelling solution in today’s tough economy.”