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Technology Stocks : GX Investors Thread

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To: qveauriche who started this subject10/16/2001 10:03:44 AM
From: REH   of 586
 
back in :-)on debt setteling news and AX-news

HONG KONG, Oct 16, 2001 /PRNewswire via COMTEX/ -- Asia Global Crossing Ltd.
announced today its comprehensive suite of IP VPN services. Designed to run over
the Asia Global Crossing/Global Crossing extensive global optical network
backbone, the Asia Global Crossing IP VPN Service(TM) links global businesses
and delivers content-rich multimedia services through a single, efficient
connection. This suite of capabilities is designed to meet the specific
communications and collaboration demands of global enterprises and service
providers with unprecedented reach and flexibility.

(Photo: newscom.com )

IP VPNs (Internet Protocol Virtual Private Networks) provide the performance and
security of a private network while capitalizing on the flexibility, scalability
and economics available only in a shared network environment. Asia Global
Crossing offers a truly converged end-to-end IP VPN solution for corporations
worldwide, integrating video, voice and data services, and supporting
industry-specific community extranets.

The Asia Global Crossing IP VPN Service is delivered over the company's
seamless, fiber optic network. Service intelligence and functionality are built
into the Asia Global Crossing/Global Crossing network, thereby reducing network
complexity while maximizing scalability, flexibility, and economic advantage for
the customer and its end-users. Asia Global Crossing IP VPN customers enjoy
greater efficiencies by linking multiple business locations, remote users, key
suppliers, vendors and customers. Additionally, users can modify their IP VPN
service configurations to quickly integrate or eliminate locations, as business
needs change.

"The Asia Global Crossing IP VPN Service is the keystone of our vision to manage
end-to-end solutions enabling our customers to deploy the latest applications,
reach new markets, extend their reach and simplify their network operations, all
of which add up to dramatically improved business efficiencies," said John
Legere, chief executive officer, Asia Global Crossing and Global Crossing.
"We've created flexible, converged communications solutions that meet the
rapidly evolving needs of our customers, whether they are streaming news,
delivering video on demand, trading across borders, or conferencing to their
desktops. Because we own, operate, and manage the world's most extensive fiber
optic backbone, our customers have virtually unlimited freedom -- we can take
them as far as they want to go, as fast as they want to get there."

The Asia Global Crossing IP VPN Service helps global enterprises overcome
networking challenges by eliminating geographic issues for dispersed work
groups. Customers receive industry leading Quality of Service (QoS) guarantees
that are supported by Service Level Agreements covering availability, packet
loss, latency, and jitter, based on the selected service option.

IDC predicts that the worldwide market for IP VPN services will grow from
US$1.97 billion in 2000 to US$17.6 billion in 2004 as organizations increasingly
become connected with partners and suppliers in secure end-to-end network
solutions.

The Asia Global Crossing IP VPN Service consists of four complementary offerings
that allow customers to select the capabilities that enable them to best
leverage existing network architectures and address individual application
needs. They include:

SmartRoute IP VPN(TM) Service -- This tailored wide-area networking option gives
enterprises the ability to identify and prioritize data traffic based on various
criteria, including traffic origination or termination sites or nature of the
business application. Customers can decide whether to prioritize traffic as
"Premium," "Enhanced," or "Basic" to ensure that appropriate network resources
are available to satisfy their requirements. Differentiated performance for each
class of service is backed by robust Service Level Agreements. SmartRoute is a
policy-based VPN that provides a range of network-based security measures
including IPSec tunneling as well as a fully integrated firewall service to
protect sensitive and privileged information. Specific IPSec customer tunnels
are established to segregate each customer's traffic and ensure full traffic
privacy. Remote access capabilities for mobile workers and Internet access will
also be available with the SmartRoute IP VPN service option. Available
connection speeds range from sub-T1/E1 up to DS3/E3.

ExpressRoute IP VPN(TM) Service -- As with SmartRoute IP VPN, ExpressRoute IP
VPN provides traffic routing and management intelligence maintained within the
core of the Asia Global Crossing/Global Crossing network. ExpressRoute IP VPN
uses MPLS technology (RFC 2547) and advanced edge routers to create
customer-specific private tunnels across the Asia Global Crossing IP backbone.
The ExpressRoute IP VPN Service option is ideal for enterprises and service
providers with high bandwidth requirements (up to OC-12/STM-4 as well as Gigabit
Ethernet) that require maximum networking efficiency and scalability.
ExpressRoute IP VPN provides customers with a flexible usage-based billing
model, allowing them to effectively pay only for the traffic volume they
utilize.

Premises-Based IP VPN Service -- The Premises-Based IP VPN Service option
provides enterprises with IP VPN capabilities with integrated security services
and end-to-end network management. It is ideal for companies seeking a highly
secure, site-to-site IP VPN solution, with low to medium transport bandwidth
requirements, and a limited number of regionally deployed sites. Access and
routing hardware are purchased by the customer and reside at the customer's
premises, and are managed by Asia Global Crossing.

CP-VPN Service -- The customer premises VPN service, or CP-VPN, is powered by
OpenReach, and serves the needs of multinational enterprises by providing
easy-to-provision VPN services, including: IPSec tunneling, public key
infrastructure, firewall security, graphical management, monitoring and
alerting, and reports. This managed solution combines world-class security and
high-performance premises capabilities with software speed and flexibility. It
is ideal for multinational enterprises whose locations are not all on the same
physical network or who want to establish extranets with business partners.

The Asia Global Crossing IP VPN Service is currently available in Japan, Hong
Kong, and Australia.

About OpenReach

OpenReach provides Virtual Private Network (VPN) services that enable
enterprises to build secure and reliable global networks in hours. OpenReach
delivers a managed service that allows enterprises to conduct secure
communications with remote offices, partners and customers worldwide. Unlike
legacy VPN products and service providers, OpenReach VPN services deploy over
any existing infrastructure, saving time and money in achieving immediate return
on investment. Founded in 1999, OpenReach provides VPN services to more than 100
customers worldwide. Learn more about OpenReach at openreach.com.

About Asia Global Crossing

Asia Global Crossing (NYSE: AX), a public company whose largest shareholders
include Global Crossing (NYSE: GX), Softbank (Tokyo Stock Exchange: 9984), and
Microsoft (Nasdaq: MSFT), provides the Asia Pacific region with a full range of
integrated telecommunications and IP services. Through a combination of undersea
cables, terrestrial networks, city fiber rings and complex web hosting data
centers, Asia Global Crossing is building one of the first truly pan-Asian
networks, which, in combination with the worldwide Global Crossing Network, will
provide the Asia Pacific region with seamless access to major business centers
worldwide. As part of its strategy to provide city-to-city connectivity, Asia
Global Crossing partners with leading companies in each country it connects to
provide backhaul networks.

Statements made in this press release that state the Company's or management's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could cause the Company's
actual results to differ materially from those projected in such forward-looking
statements. These risks, assumptions and uncertainties include: the ability to
complete systems within currently estimated time frames and budgets; the ability
to compete effectively in a rapidly evolving and price competitive marketplace;
possible reductions in demand for our products and services due to competition
or changes in industry conditions; changes in the nature of telecommunications
regulation in the United States and other countries; changes in business
strategy; the successful integration of newly-acquired businesses; the impact of
technological change; and other risks referenced from time to time in the
Company's filings with the Securities and Exchange Commission.
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