Wednesday June 9, 8:32 am Eastern Time
Company Press Release
Log On America and Interspeed in Strategic Pact
Strategic Alliance Will Deliver High-Speed Internet and Voice Communications Services
PROVIDENCE, RI--(BUSINESS WIRE)--June 9, 1999-- Log On America, Inc. (Nasdaq NNM:LOAX - news), a provider of high-speed Digital Subscriber Line (DSL) services in the Northeast Corridor, and DSL hardware manufacturer Interspeed, Inc., a Brooktrout Company (Nasdaq NNM: BRKT - news), today announced that they have entered into a strategic pact that gives Log On America unprecedented access to SDSL equipment at a lower total cost of ownership.
The companies have joined under the terms of a two-year strategic alliance whereby Log On America would use Interspeed's System 1000 DSLAR Symmetrical Digital Subscriber Line units in co-location facilities within Bell Atlantic (NYSE:BEL - news) central offices throughout the Northeast.
This alliance enables Log On America to offer Internet and telecommunication services with its DSL products including: local dial-tone, long distance, high-speed Internet access and cable TV programming. Log On America will provide direct bundled packages at a lower price. Once fully deployed, Log On America anticipates $18,000,000 in annual recurring revenue. . Both Log On America and Interspeed will work together to develop future products for DSL transit and related areas to enhance delivery of high-speed Internet and voice services by both organizations to their customers.
''We at Log On America are excited by the opportunity to offer a full range of services throughout the Northeast. Interspeed's management team is committed to continuously enhancing their offering, and this partnership does that in a very meaningful way, while reducing prices. Moreover, we gain the benefit of utilizing their best of breed SDSL equipment as this alliance moves to deliver high-quality broadband services bundled with voice throughout the Northeast,'' said David R. Paolo, Log On America's Chairman and CEO.
Steve Ide, Interspeed's CEO said ''This mutually beneficial partnership will provide a means for bigger, better, and faster service, bringing Log On America to the forefront of the band width revolution.''
About Log On America
Log On America Inc. is a Northeast Regional Competitive Local Exchange Carrier, CLEC, and Information/Internet Service Provider, IISP, providing local dial-tone, instate toll, long distance, high-speed Internet access and cable programming solutions over traditional copper wire using DSL technology to residential and commercial clients throughout the Northeast.
About Interspeed
Interspeed, a Brooktrout company (Nasdaq: BRKT - news) is headquartered in North Andover, Mass. The company develops high speed Internet access DSL hardware solutions that enable telephone companies, CLECs and Internet Service Providers (ISPs) to utilize existing copper wire infrastructure to deliver great speeds at lower costs. Interspeed's mission is to enable its customers to offer to small to medium-sized businesses a range of high performance, cost-effective DSL services and MTU applications that are easy to deploy, use and manage. For more information about Interspeed and/or its products, please visit the company's web site at www.interspeed.com.
About Brooktrout
Brooktrout (Nasdaq: BRKT - news), headquartered in Needham, Mass., is a leading worldwide supplier of electronic communications products. Through its multiple companies and divisions -- Brooktrout Technology, Brooktrout Software and Interspeed, the company's mission is to provide high performance, high quality products that enable businesses and consumers to exchange information electronically (or simply) connect around the world. Please visit Brooktrout's web site at www.brooktrout.com.
Forward-Looking Statements
This news release may contain forward-looking statements concerning the business and products of the company. Actual results may differ materially depending on a number of risk factors including, but not limited to, the following: development shipment and market acceptance. Other risks inherent in the business of the company are described in Securities and Exchange Commission filings. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. |
