The stock closed at 19 1/2 today on 136000 shares, it appears the selling has dried up, and the stock is on the move again. If UTCC continues with new business as stated below news release then only good things COULD HAPPEN. (IMHO)
SUNRISE, Fla.--(BUSINESS WIRE)--Sept. 20, 1999--Ursus Telecom Corporation (NASDAQ/NMS:UTCC) today announced that it has commissioned its new Nortel Multiservice Switch in Argentina and effective Friday, September 17, 1999, began routing traffic on the new state-of-the-art network.
According to Jeffrey Chaskin, President of Ursus Telecom, "The Nortel Multiservice platform is our network standard. This switch allows us to efficiently provision simultaneous support for voice, data, video, and image traffic into the Internet, Intranets and Public Switched Telephone Network (PSTN), take advantage of sophisticated traffic prioritization and quality of service (QoS) capabilities, and manage it all from our centralized flexible management system."
Ursus intends to double its bandwidth next week and double it again before the end of October, 1999, fulfilling the demand from its embedded customer base and making headroom for service requests derived from the Company's theSTREAM.com e-business unit.
Ursus expects its Nortel Mediterranean hub in Greece to be commissioned this month, and additional Nortel switches will be deployed in other locations in conjunction with the Company's IP telephony and Internet initiatives.
Concluding, Chaskin added, "We have a high focus on the rapid implementation of this robust carrier-class Nortel solution. With Latin American deployment well underway, Asia is now on our strategic radar screen for the near future."
The Nortel family of Multiservice Switches provide leading edge technology which delivers IP routing and consolidation, frame relay, ATM, and multiservice access. This provides the ability for end users to conduct multiple voice calls, fax and data transmissions, advanced applications and Internet sessions over a single link to the Ursus network, eliminating the need to lease separate, underutilized links for each service.
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, Fla., Frankfurt, Lima, Buenos Aires, Johannesburg and Tokyo. Ursus Telecom is the source of 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 provision 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, 954/846-7887
jchaskin@ursustel.net
or
Investor/broker Relations:
Continental Capital & Equity Corp., Longwood, Fla.
Michael Irving, 407/682-2001
irv@insidewallstreet.com
KEYWORD: FLORIDA INTERNATIONAL LATIN AMERICA
BW1358 SEP 20,1999
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