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Technology Stocks : AboveNet Communications, Inc. (ABOV)

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To: Probart who wrote (780)7/13/1999 6:12:00 AM
From: 2MAR$  Read Replies (1) of 835
 
Telematrix Extends Voice Over IP Services Globally Through A
Telematrix Extends Voice Over IP Services Globally Through AboveNet Network


Business Editors and High Tech Writers

SAN JOSE--(BUSINESS WIRE)--July 13, 1999--TeleMatrix,
Japan's leading Internet telephony carrier and an IP Telephony
pioneer, announced today that it has created a seamless, efficient,
global, high-quality Voice over IP (VoIP) network through partnerships
with other carriers at AboveNet's Internet Service Exchange (ISX) in
San Jose.
AboveNet (Nasdaq: ABOV), the architect of a global one-hop
network that brings together high-bandwidth content sites, ISPs, and
Application Service Providers in centralized co-location facilities,
hosts TeleMatrix's servers and the servers of TeleMatrix's partners,
Abacus Telecom of Paris,and Crys-Tel Telecommunications.com,
Inc. (OTC:BB CYSS) of San Diego. TeleMatrix has established
transit agreements with these partners, which will enable it to
connect its customers in Asia to destinations in the United States and
Europe via AboveNet's global network. By using AboveNet's network will
result in higher levels of customer service and operational
efficiencies for TeleMatrix, its partners and their customers.
TeleMatrix is one of a growing number of companies that makes it
possible to make phone calls over the Internet. Using this service
allows domestic or international calls to be made from phone to phone
and routed over the Internet via gateways, without the need for
computers or other special IP phone equipment. As a result, Telematrix
is able to offer superior Voice over IP services for a fraction of the
cost charged by major telecommunications carriers. TeleMatrix is
currently serving markets in Japan, China, Korea, Taiwan and Hong Kong
utilizing Nokia IP Telephony gateways and other high capacity VoIP
equipment. TeleMatrix was one of the first Internet telephony
companies to co-locate at AboveNet and is now benefiting from
relationships with other customers located in the AboveNet ISX.
"AboveNet is clearly the best co-location choice for
TeleMatrix--surpassing, in our opinion, the 'telco hotels' in terms of
quality of service, bandwidth, and especially peering relationships.
AboveNet's worldwide peering relationships, which are virtually
impossible for us to establish on our own, protect us from a 'single
point of failure,'" said David Kleiman, Vice President, North American
Operations, TeleMatrix. "In addition, we have formed transit
agreements with our partners at AboveNet's ISX that strengthen and
extend our networks worldwide."
"AboveNet is raising the bar for the quality of service customers
can expect from Voice over IP. With our extensive peering partners and
intelligent routing tools, we have built a highly reliable global
network that delivers the low latency required to take VoIP from being
cutting edge technology to every day technology," said Dave Rand,
Chief Technology Office of AboveNet. "We are pleased to offer
TeleMatrix, and its partners Crys-Tel and Abacus, the ideal
environment to peer and to extend the reach and growth of their
networks."
The quality of voice over the Internet is dependent on bandwidth
and network latency. Voice transmissions require more bandwidth than
data, and must reach their final destination on the Internet quickly
and intact to be coherent. Any interruption in the transmission has
the potential of degrading the quality of the phone call. AboveNet
ensures the speed and reliability of its network by providing its
clients with access to AboveNet's significant bandwidth which
currently totals over 10.5 Gbps--the most bandwidth available at a
co-location facility. This bandwidth is available on demand, and
AboveNet guarantees the headroom and scalability on its network so
that companies like Telematrix can continue to grow. In addition,
AboveNet offers its clients access to more than 257 private and public
peering relationships with ISPs and service providers in order to
provide superior network performance.

About TeleMatrix,

TeleMatrix, the leading Internet telephony carrier in Japan, is a
division of Chiyoda Corporation, a 24-year-old Tokyo-based company.
Since its establishment in August 1994, TeleMatrix has aggressively
positioned itself as a leader in cost-effective international
communication systems. Licensed as a Type II telecommunications
carrier by the Japanese government, TeleMatrix has strategic alliances
with several FCC licensed providers and carriers with
telecommunication switching equipment and computer networking systems
located around the globe. With their own switching facilities and
Internet Telephony network operations center based in Tokyo,
TeleMatrix has grown into a telecommunications company offering high
quality, low-cost telecommunication solutions - backed by
professional, multi-lingual customer service. For more information,
visit www.telematrix.co.jp.

About AboveNet Communications Inc.

AboveNet Communications, Inc. is a leading provider of Internet
connectivity and co-location solutions for high bandwidth and
business-critical applications. AboveNet, headquartered in San Jose,
Calif., is the architect of the Internet Service Exchange (ISX) -- a
world class network that provides co-location services and Internet
connectivity for Content Providers, ISPs, and Application Service
Providers (ASPs). The AboveNet Global One-Hop Network is designed to
deliver fast, scalable and reliable connections to the Internet and
improves the Internet experience for end-users. With its Tier 1 status
and ISO 9002 certification, AboveNet is seeking to serve the global
community of the Internet. For more information on AboveNet and its
service offering call 800/475-2733 or visit the company's Web site at
above.net.

Note to Editors:

AboveNet, Internet Service Exchange, ISX and AboveNet Global
One-Hop Network are trademarks of AboveNet Communications, Inc. All
other company or brand names may be trademarks of the respective
companies with which they are associated. The statements contained in
this press release that are not purely historical, such as statements
relating to the ability of Telematrix and its partners to
successfully use AboveNet's network to deliver Voice over IP, are
forward looking statements within the meaning of section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the company's expectations, beliefs, hopes, intention or
strategies regarding the future. Factors that could cause or
contribute to such differences include risks related to AboveNet's
services, including network scalability and Internet connectivity, the
ability to maintain and increase peering relationships, and intense
competition, and other factors and risks discussed from in AboveNet's
reports filed from time to time with the Securities and Exchange
Commission, including AboveNet's quarterly report on Form 10-Q for the
three months ended March 31, 1999.

--30--alx/sf*

CONTACT: The Weber Group
Tiffany Francis, 650/463-8642
tfrancis@ca.webe
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