a month ago this release today would have sent this stock F L Y I N G:
(COMTEX) B: PNI Introduces its iLink TNPP Internet Router
B: PNI Introduces its iLink TNPP Internet Router
ATLANTA, May 2, 2000 /PRNewswire via COMTEX/ -- Preferred Networks, Inc. (OTC
Bulletin Board: PFNT) (PNI), a leading provider of network services to the
wireless industry and a developer and supplier of advanced communications
networking products, today reported that it has introduced its iLink TNPP
Internet router.
The iLink router utilizes the Internet for networking of wireless messaging
traffic (TNPP) between multiple locations. The iLink assigns virtual ports to
remote addresses, thereby reducing the cost to many network carriers of
processing traffic at central hub points. Because the iLink connects to the
Internet, it reduces the need for serial port connections, resulting in a
smaller, less expensive hardware design than many traditional routers.
The iLink combines PNI's proprietary software with the multi-tasking environment
of a QNX-based operating system, allowing technicians to remotely monitor links
and perform diagnostics on an individual subscriber level. iLink features
include extremely flexible routing and translation tables that allow multi-port
routing, and translation between traffic formats, channels and zones.
Mark Dunaway, CEO of PNI, said, "The iLink product represents another innovative
solution by PNI for advanced communications networking. We believe the iLink
provides a powerful tool to businesses by allowing them to extend their market
reach without the burden of costly remote technical facilities. As with our
other networking products, the iLink brings the power and ubiquity of Internet
transport to the wireless marketplace." Dunaway added, "We are extremely pleased
with the pace of introduction of new products based on our networking
technologies. We began to ship our iTerminal(TM) products in the first quarter,
and with shipments of the iLink router, we have now made the second product
available to the marketplace. We are also presently taking customer orders for
the Platform1(TM) modular switch and we will begin the first shipments during
this quarter."
PNI was founded in 1991 to provide unbranded, wholesale one-way wireless
messaging network services to companies for resale to their customers. In
pursuing this strategy, PNI developed a number of advanced networking
technologies aimed at increasing its efficiency as a network operator. During
1999, PNI completed development of its intelligent, high-speed switching
technology and began to commercialize related products for sale to other
companies. This technology creates networking solutions that provide companies
with greater processing efficiencies, cost savings, and an open platform to
bring them closer to their customers through unified service offerings. In early
2000, PNI began to ship its first software enhanced networking products and is
developing a number of additional hardware, software and service offerings to
address each of the wireless, fixed network and Internet marketplaces. With the
introduction of its networking products, PNI has augmented its one-way wireless
network services and is evolving into a developer and supplier of advanced
communications hardware and software products. PNI's address on the World Wide
Web is: pniaccess.com
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995: The statements contained in this release which are not historical facts,
are forward-looking statements that are subject to risks and uncertainties,
including those identified in PNI's 1999 Annual Report on Form 10-K, and actual
results could differ materially from those anticipated in the forwarding-looking
statements. Certain information included in this release contains statements
that are or will be forward-looking. Such forward-looking information involves
important risks and uncertainties that could significantly effect anticipated
results in the future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of PNI. These
risks and uncertainties include, but are not limited to, risks related to
technological change in the wireless industries; risks associated with PNI's
efforts to commercialize and market successfully its networking products, such
as the Platform1(TM) and iTerminal(TM) products; the relatively unproven nature
of PNI's networking products, which represent a new product line for PNI; and
challenges to PNI's technologies (such as challenges to the validity of patents
on PNI's switching technology). PNI operates in a highly competitive marketplace
and new product developments by competitors can occur at any time, thereby
diminishing the attractiveness of PNI's products.
SOURCE Preferred Networks, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Kathryn Loev Putnam, Senior Vice President and Chief Financia
Officer of Preferred Networks, Inc., 770-582-3507
/Company News On-Call: prnewswire.com
html or fax,
800-758-5804, ext. 109794
KEYWORD: Georgia
INDUSTRY KEYWORD: CPR
MLM
SUBJECT CODE: PDT
OTC
URL: pni.net
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