NTKK Thursday November 15, 7:30 pm Eastern Time
Press Release
SOURCE: Net2000 Communications Inc.
Net2000 Communications Inc. Extends SEC Filing For Quarterly Report
HERNDON, Va.--(BUSINESS WIRE)--Nov. 15, 2001--Competitive broadband telecommunications services provider Net2000 Communications, Inc. (NASDAQ:NTKK - news) filed today Form 12b-25 with the U.S. Securities and Exchange Commission in order to extend the deadline for submitting its Form 10-Q quarterly report for the quarter and nine months ended September 30, 2001.
In the SEC filing, the company stated that it plans to seek bankruptcy protection in the immediate future.
About Net2000 Communications, Inc.
Founded in 1993, Net2000 is an innovative provider of broadband voice and data telecommunications services. Net2000 provides businesses with quality local, long distance, data, interactive video and Internet services delivered over a single broadband connection and conveniently billed on a single invoice.
The company now operates sales offices in Baltimore, MD, Norfolk, VA, Richmond, VA and Washington, DC and network facilities in nine markets. For more information about Net2000 Communications, Inc., please visit www.net2000.com.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Net2000 cautions investors that any forward-looking statements or projections made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results to differ materially from those projected.
Specifically, Net2000 may not be able to secure adequate financing to fund operations, may experience increased uncollectible amounts as a result of its bankruptcy filing, may experience resignations from key employees, or may alter the markets in which it plans to continue to offer services.
Net2000's future results may be impacted by factors such as technological changes, continuing business relationships with its network vendors, general economic conditions, regulatory and legislative changes, and competitive market pressures.
Net2000's future results also may be impacted by other risk factors listed in its Annual Report on Form 10-K for the period ended December 31, 2001, and in other periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, Net2000 undertakes no obligation or intention to update these statements after the date of this release.
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Contact:
Net2000 Communications Inc.
Gerry A. Simone, 703/654-2900 |
