News Alert from BusinessWire via Quote.com
Topic: (NASDAQ:UTCC), (BB:XSNI)
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Quote.com News Item #12969696
Headline: Ursus Telecom and the X-Stream Network Launch Co-Branded Web
Sites in Sweden and Norway
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SUNRISE, Fla.--(BUSINESS WIRE)--Feb. 17, 2000--
-- Free ISP X-Stream Offers Its Subscribers in the U.K., Norway
and Sweden theSTREAM.com's Internet Phone Booth --
Ursus Telecom Corporation (NASDAQ:UTCC) and The X-Stream Network
(OTCBB:XSNI) today jointly announced that the Companies successfully
launched co-branded web sites in Norway and Sweden featuring
theSTREAM.com's Internet Phone Booth.
X-Stream, the UK's first free and third largest ISP, boasts more
than 600,000_registered users in the territories where it operates.
The Company has also recently introduced free Internet access to
subscribers in Norway, Sweden, Denmark and The Netherlands. Through
www.x-stream.no and www.x-stream.se X-Stream will offer its
subscribers and site visitors access to the full array of
theSTREAM.com's communication products and services. Ursus will
promote the sale of its Voice Over The Internet services (VoIP)
marketed worldwide as theSTREAM's Internet Phone Booth(TM) that
requires only a small plug-in to complete calls. This unique
browser-based, PC-to-Phone service is offered through theSTREAM's
exclusive provisioning, payment and bill presentment system and
enables customers around the world the ability to call anywhere on the
globe for substantially less than they would pay with traditional
telephony.
Jeffrey Chaskin, President of Ursus, stated, "We are very excited
and pleased to open our second and third co-branded sites with
X-Stream. They have distinguished themselves as true innovators in
establishing a broad customer base through the marketing of their
popular free ISP program. We look forward to working closely with them
to penetrate the entire European marketplace. In fact, we intend to
launch a new partnership site in both Denmark and The Netherlands in
the near future following completion of the necessary language
translation."
Gregory Sukornyk, Chief Executive Officer of The X-Stream
Network, added "We are very pleased to be expanding our offering of
theSTREAM.com's Internet Phone Booth to users in Scandinavia. The
Internet Phone Booth has proven to be popular amongst our UK users and
once again has distinguished X-Stream as an early pioneer. We expect
that this product will be widely embraced in Sweden and Norway as
well."
To date, Ursus Telecom's strategic growth initiatives have
focused on capturing marketshare in emerging markets via its
traditional telephony business, as well as through the offering of
services associated with its VoIP technology and premier e-business
engine, theSTREAM.com. Looking forward, Chaskin stated that Ursus will
continue to dedicate substantial resources to market its products and
services throughout the world while intensifying its focus on
establishing marketing agreements and partnerships with major portal
sites and ISPs it believes are unique to the industry. In the past
four months alone, Ursus has partnered with many leading global
Internet players including Czech Telecom, Chineseinvestors.com,
YUPI.com, Dag Media, Inc., ZAZ.com, and Prima (S.A.) Ciudad Internet.
ABOUT THE X-STREAM NETWORK
Launched in the UK on March 8, 1998, The X-Stream Network is the
UK's first 100% FREE Internet access service, with over 600,000
registered subscribers worldwide, and now offers FREE Internet access
in Sweden, Norway, Denmark and The Netherlands. Users can access the
service simply by calling 0800 358 5678 and requesting the necessary
software. Using this innovative software program, The X-Stream Network
is able to offer all users 100% free access to the Internet. With
offices in London, Stockholm, Amsterdam and Toronto, The X-Stream
Network is rapidly expanding its innovative service to new
territories. X-Stream now also offers its users 50Mb of free Web
space, 10 e-mail addresses and free telephone access on a 24-hour,
seven days a week trial basis.
The X-Stream Network can be found on the Internet at
x-stream.com; X-StreamailPlus free email and Unified
Messaging service may be found at mail.x-stream.co.uk;
X-Stream Central at x-stream.co.uk; X-Stream Central Norway
at x-stream.no; X-Stream Central Sweden at x-stream.se;
X-Stream Central Denmark at x-stream.dk; X-Stream Central
Netherlands at x-stream.nl, X-Stream SmartShopper at
smartshopper.x-stream.co.uk; and The X-Stream Games Network at
x-stream.gamesnetwork.com
ABOUT URSUS TELECOM
Ursus Telecom Corporation is a global facilities-based
telecommunications company that provides international services,
including long distance, direct-dial, value-added and Internet-based
services to more than 100,000 customers -- individuals, businesses and
carriers -- worldwide. The Company operates directly and through a
network of agents on five continents and over 45 countries that
account for more than 80% of the World's International traffic. Ursus
Telecom operates switching facilities and points of presence in
Sunrise Florida, Frankfurt, Lima, Buenos Aires, Johannesburg and
Tokyo. Ursus Telecom is the source of www.theSTREAM.com.
Together with theSTREAM.com as the Company's global marketing and
provisioning mechanism, Ursus believes it is well positioned to
prosper in the next generation of services which combine the Internet,
telephony, fax, data and video services into a single broadband
platform offering a rich multi-media experience to its customers
throughout the world.
Statements in this news release that relate to future plans,
financial results or projections, events or expected performance in
future periods are forward-looking statements and fall within the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. While management wishes to provide readers with reasonable
opinions and viewpoints with respect to the Company's progress,
marketplace acceptance, business opportunities, and fiscal
performance, such statements, opinions and viewpoints are
forward-looking and involve risks and uncertainties, including risks
of changing conditions in the overall economy, the capital markets,
the computer and telecommunications industries, as well as risks of
changing consumer demand and the success of the Company's business
strategies and other factors detailed in the Company's annual and
other reports filed with the Securities and Exchange Commission.
CONTACT: Ursus Telecom Corporation, Sunrise
Jeffrey Chaskin, President
Tel: 954/846-7887
jchaskin@ursustel.net
or
Continental Capital & Equity Corporation
For Ursus Media/Investor/Broker Relations:
Michael Irving
Tel: 407-682-2001
irv@insidewallstreet.com
or
X-Stream Network:
Gregory Sukornyk, CEO
Tel: 011-44-870-730-6466
gsukornyk@x-stream.com
KEYWORD: FLORIDA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: INTERNET TELECOMMUNICATIONS
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