Allied Riser Communications ('ARC')
Completes Construction of Fiber Optic
Network in 200 Million Square Feet of Prime
Commercial Office Space
(So What! Then again, I've said so what to a number of outfits.)
June 23, 2000
Company Continues Ahead of Construction
Schedule for Second Quarter 2000 And
Remainder of Year
DALLAS, June 22 /PRNewswire/ -- Allied Riser
Communications Corporation (Nasdaq: ARCC)
announced that the company recently crossed a
major milestone by completing construction of its
high-speed, IP-based, fiber optic
communications network in more than 200 million
square feet of prime commercial office space.
The company also said that it remains ahead of
schedule for meeting its construction goals for
the second quarter of 2000, and the remainder
of the year.
"This important milestone is just another
indication of our ability to set the pace for the
broadband communications industry," said David
Crawford, ARC's chief executive officer.
"Whether it is the aggressive build-out of our
network, the expansion of our product offerings,
or the partnerships we continue forging with the
world's premiere real estate companies, ARC is
committed to bringing its applications and
services to customers everywhere regardless of
size."
ARC is the nation's premiere provider of
high-speed broadband Internet data, video and
voice services to small- and medium-sized
businesses located in prime commercial office
buildings. ARC delivers its services via the ARC
LightSpeed Network(TM), which provides
customers with a direct "always-on" connection
to the Internet at speeds up to six times faster
than DSL or T-1 lines.
By reaching the 200 million square feet milestone
last week, ARC's high- speed, IP-based,
fiber-optic communications networks is now
constructed in 39 metropolitan areas in the
United States, placing the Integrated
Communications Provider (ICP) ahead of its
construction goals. ARC expects to be operating
its communications network in 50 major
metropolitan areas throughout the U.S. before
the end of this year.
About Allied Riser Communications:
ARC provides very high speed, IP-based,
"first-mile" communications services to small-
and medium-sized businesses in major
metropolitan areas in the United States. ARC
delivers services over fiber-optic networks that
it designs, constructs, owns and operates inside
commercial office buildings. Over this
infrastructure, ARC offers ultra high-speed
Internet access, enhanced conference calling
services, and other broadband data services and
applications. ARC's Internet access services
provide a direct "always-on" connection to the
Internet at speeds more than six times faster
than T-1 and DSL lines and up to 175 times
faster than standard dial-up service.
For more information about ARC, visit the
company's web site at www.arcbroadband.com.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995:
The statements contained in this release that
are not historical facts may be deemed to
contain forward-looking statements, including
but not limited to statements regarding overall
market demand for market acceptance of the
Company's services, the intention to deploy
fiber-optic networks in additional buildings or
markets and the timing and breadth of
penetration in each building or market. Actual
results may differ materially from those
anticipated in any forward-looking statements as
a result of certain risks and uncertainties,
including, without limitation, the intense
competition for the Company's service offerings,
dependence on growth in demand for the
Company's services, ability to manage growth of
our operations, the 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.
SOURCE Allied Riser Communications Corporation
CONTACT: Gary Weitman, Ex. Director,
Corporate Communication, 214-210-3050, or
email, gweitman@arcmail.com, or Joey D.
Mooring, Sr. Manager, Corporate
Communications, 214-560-2357, or email,
jmooring@arcmail.com, both of Allied Riser
Communications
Web site: arcbroadband.com (ARCC) |
