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Technology Stocks : Jet the Net with IJNT

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To: Investor Clouseau who wrote (201)5/31/2000 6:03:00 PM
From: Captain Jack  Read Replies (1) of 217
 
Thopught this may have helped-- down again though,, how is that chart looking now?
IRVINE, Calif., May 31, 2000 (BUSINESS WIRE) -- IJNT.net Inc. (Nasdaq/NM:IJNT),
an emerging integrated communications provider, which will soon be known as
Universal Broadband Networks ("UBNetworks"), announced that it has been granted
approval to operate as both a facilities-based and reselling Competitive Local
Exchange Carrier in the state of Washington.

The Washington Public Utilities Commission authority paves the way for the
expansion of the company's DSL and integrated communications network into
Washington as the company pursues its West Coast-based service launch and
rollout.

Louis DiGregorio, UBNetworks' vice president of network architecture, said: "We
have been building out our network and preparing for the launch of full
commercial and residential service in California beginning with Los Angeles,
Orange County, the San Francisco Bay Area and Silicon Valley. Data service is
now available in downtown Los Angeles. Our further plans call for an expansion
of the network and service up and down the West Coast and east to Texas as
additional cities are brought online. Approval in Washington is an important and
necessary step along the way."

UBNetworks' Vice President of business development, J.P. Lapeyre, remarked: "By
all reports, a disproportionate amount of all Internet traffic originates and
terminates on the West Coast, particularly in California and in the high-tech
areas of Washington state. The Washington market is important as a business
technology and communications trendsetter pivotal, and not only because it
happens to be our own backyard. In the technology world, the services and
products which are successful here generally do well nationwide and globally.

"We greatly appreciate the vision and leadership of the California Public
Utilities Commission in making it possible for our next-generation communication
services to be offered to the people of California in a timely manner. We fully
intend to do our part to expand the communications choices of California's
businesses and consumers and to enhance integrated telecommunications
competition."

IJNT.net provides integrated broadband communications, and will presently adopt
the name of its chief operating subsidiary, UBNetworks, a facilities-based
competitive local exchange carrier, offering 21st century communication products
and services to business and residential customers. The company's high-speed DSL
network will offer world-class performance from a flexible line of products and
services to fit any broadband need.

The IJNT.net family of companies provides wired and wireless broadband
communications over several "last mile" systems, offering performance many times
faster than common dial-up modems, through the company's direct response, direct
sales and value-added reseller channels. The company's customer base is expected
to grow rapidly as the network is expanded regionally across the United States.
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