Re HSAC/NPNT
Here's an interesting partnership between two Wired World companies, HSAC and NPNT.
#reply-11715922
High Speed Access Corp. and NorthPoint Communications Partner To Deliver DSL-Based High-Speed Internet Access
DENVER and SAN FRANCISCO, Oct. 18 /PRNewswire/ -- High Speed Access Corp. (Nasdaq: HSAC - news) and NorthPoint Communications (Nasdaq: NPNT - news) today announced a strategic partnership to deliver broadband data communications services to small and midsize businesses nationwide. High Speed Access Corp. is a leading provider of high-speed Internet access via cable modems to residential and commercial customers in exurban markets. NorthPoint, a leading competitive local exchange carrier, provides high-speed Internet access over a DSL network currently spanning 28 major U.S. markets.
High Speed Access Corp. will integrate NorthPoint DSL into its service portfolio, expanding the broadband options its cable operator partners are able to offer their customers. The agreement strengthens High Speed Access Corp.'s high-speed Internet access services specifically designed for small and mid-size businesses not passed by the cable network and unable to afford expensive ``T-1' service. High Speed Access Corp. will begin offering NorthPoint DSL during the fourth quarter of 1999.
``By partnering with NorthPoint, High Speed Access Corp. will be able to offer our cable partners value-added services to deliver to local businesses such as increased broadband applications, e-commerce activities and high-speed Internet access connectivity to our customers,' said Ron Pitcock, president of High Speed Access Corp. ``High Speed Access Corp. and our cable partners will now be able to take advantage of this tremendous market opportunity.'
``NorthPoint's agreement with High Speed Access Corp. demonstrates the complementary nature of DSL and cable modem technology,' said Whitey Bluestein, NorthPoint's chief development officer. ``Working with High Speed Access Corp., NorthPoint has secured an exciting new distribution channel and will help cable operators capitalize on the opportunity created by the growing demand for broadband services among both businesses and consumers.'
About NorthPoint
NorthPoint Communications, based in San Francisco, is a national, facilities-based competitive local exchange carrier dedicated to providing affordable, dedicated high-speed Internet access over existing phone lines using digital subscriber line (DSL) technology. The company operates DSL- based local networks in 28 major markets, spanning 51 metropolitan statistical areas (MSAs). By early next year, NorthPoint's DSL network will pass 4 million businesses and 30 million homes. NorthPoint provides DSL-based Internet access service -- at speeds up to 1.5 Mbps, more than 25 times faster than common dial-up modems -- through national and regional Internet service providers, CLECs, long distance carriers, value-added resellers and other partners. For additional information, visit www.northpointdsl.com.
About High Speed Access Corp.
High Speed Access Corp. (www.hsacorp.net) is a leading provider of high speed Internet access via cable modem to residential and commercial end users in exurban areas. The Company believes that it provides the most comprehensive turnkey solution available to the cable operator. Its service enables subscribers to receive Internet access at speeds substantially faster than traditional Internet access at minimal cost to the cable operator. High Speed Access Corp. enters into long term exclusive contracts with cable operators to provide them with the Company's services. The Company pays its cable partners a portion of the monthly fees it receives from the end users in exchange for the opportunity to access and provide service to the cable partner's subscribers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements. Such statements are indicated by words or phrases such as ``anticipate,' ``estimate,' ``projects,' ``believes,' ``intends,' ``expects' and similar words and phrases. Actual results may differ materially from those expressed or implied in any forward-looking statement as a result of certain risks and uncertainties, including, without limitation, the company's dependence on strategic third parties to market and resell its services, intense competition for the company's service offerings, dependence on growth in demand for DSL-based services, ability to raise additional capital and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings. Prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any of the forward-looking statements contained herein to reflect future events or developments.
This release also contains statements about future events and expectations regarding High Speed Access Corp.'s business activities, which are ``forward- looking statements.' Any statement in this press release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the possibility that the Company's strategic partnerships, including without limitation its partnership with NorthPoint Communications, may not benefit the Company; the Company's unproven business model; the Company's history of losses and anticipation of future losses; the potential fluctuations in the Company's operating results; the Company's competition; the Company's potential inability to attract and retain end users; the Company's potential inability to establish or maintain relationships with cable operators, including Charter Communications, its largest cable partner; and those risks and uncertainties discussed in filings made by the Company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading ``Risk Factors' in the Company's Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission.
SOURCE: Northpoint Communications |
