S.W, MRTO: MerchantOnline.com Signs Two-Year Agreement with Level 3 Communications --
Colocation Deal Boosts Reliability, Speed and Security --
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 3, 1999--
MerchantOnline.com Inc. (OTCBB:MRTO), a leader in providing
one-stop solutions for merchants who set up shop on the Internet,
announced Wednesday it has signed a two-year colocation contract to
have Level 3 Communications (Nasdaq:LVLT) provide enhanced monitoring
of MerchantOnline.com's payment processing servers.
The result is expected to boost reliability and redundancy,
increase speed and enhance security.
"Merchants rely on the services MerchantOnline.com provides, so
it is essential that credit card transactions be delivered as quickly
and reliably as possible, 24 hours a day," said MerchantOnline.com
President and CEO Tarek Kirschen. "Our relationship with Level 3 is
important as we continue to expand our network and negotiate with
larger accounts. It means we can continue to ensure the highest level
of customer satisfaction as we grow."
Founded in December 1997, MerchantOnline.com is a global leader
in providing one-stop solutions for merchants who want to set up and
maintain stores on the Internet -- the world's fastest growing
marketplace. MerchantOnline.com provides businesses with real-time
credit card processing, shopping cart services, online checking
transactions and secure hosting services at prices unmatched in the
industry. MerchantOnline.com's most recent product, MOLpay(TM), is a
revolutionary software and hardware package that, for the first time,
enables consumers to pay for goods online with their ATM/debit cards.
Level 3 is the leader in the booming colocation services market.
With more than 3 million square feet of technical space secured around
the world -- more than any other communications company -- it is one
of the largest and fastest-growing communications and information
service providers. Level 3 facilities are services by multiple,
diversely routed connections for highly redundant connectivity. Level
3 is building the first international network optimized for Internet
Protocol technology, using local, long distance and undersea networks
to connect customers end-to-end across the U.S. and in Europe and
Asia. Earlier this month, Level 3 announced America Online (NYSE:AOL)
as a new client.
Kirschen noted that the use of colocation services like those
provided by Level 3 is becoming standard among e-commerce industry
leaders such as America Online (NYSE:AOL), Applied Materials
(Nasdaq:AMAT), Double Click (Nasdaq:DCLK), Ebay (Nasdaq:EBAY), Sun
Microsystems (Nasdaq:SUNW), EIDOS interactive (Nasdaq:EIDSY), Inktomi
(Nasdaq:INKT), Lycos (Nasdaq:LCOS), Macromedia (Nasdaq:MACR), Petsmart
(Nasdaq:PETM), Siebel Systems (Nasdaq:SEBL) and Yahoo (Nasdaq:YHOO).
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products, increased
levels of competition for the company, new products and technological
changes, the company's dependence upon third-party suppliers,
intellectual property rights and other risks detailed from time to
time in the company's periodic reports to the Securities and Exchange
Commission.
For more information, visit www.MerchantOnline.com.
--30--law/mi*
CONTACT: MerchantOnline.com, Boca Raton
News Media Contacts:
Elaine Fitzgerald or John Massey, 954/345-5342
or
Investor Relations:
Kevin Spencer, 561/997-5828
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