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Technology Stocks : VitalStream Holdings Inc. (VSTH)

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To: Paul Lee who wrote ()	6/27/2000 8:05:00 AM
From: Paul Lee	of 447

The scam continues <vbg> Sensar Announces Formation of Net2Wireless Subsidiary to Pursue New Initiative SALT LAKE CITY, June 27 /PRNewswire/ -- Sensar Corporation (Nasdaq: SCII) announced today that Net2Wireless had established a new strategic business unit to be called Fastnet Inc. ("Fastnet"). Fastnet will be a wholly owned subsidiary of Net2Wireless and will focus on delivering Net2Wireless's compression and pattern recognition technologies for fixed line applications. Net2Wireless has recently recruited a specialist team of executives and engineers from a leading telecom company to spearhead this initiative. The technology allows accelerated transmission speeds of data over currently available line based systems. Net2Wireless has achieved an improved transmission rate of over 10 times existing capability in initial tests making this an extremely attractive product for ISPs and the Corporate Server market with wire line infrastructures. Net2Wireless anticipates that its product for this market will be commercially available towards the end of this year once pilot tests are completed with possible end users. "We have decided to establish a new subsidiary and recruit a team of experts for this opportunity to ensure that each side of our business remains focused on commercializing its core activities," said Nechemia Davidson, CEO of Net2Wireless. "The application of our patented technology to wireless applications remains our number one goal, however based on the market reaction to demonstrations of our line based system we decided this was too exciting an opportunity to ignore." Net2Wireless has developed technologies to enable digital cellular operators to provide applications that would typically be provided through a 3G network, using 2G existing infrastructure and mobile devices such as PDA's, smart mobile phones and handheld computers, all these over one backbone. Net2Wireless technologies utilize state-of-the-art digital content compression, advanced pattern recognition technology and innovative streaming communication technology, supporting scalable communications from 9.6 Kbps and higher, using ultra-low bandwidth. Additional information concerning Net2Wireless can be found at its website at net2w.com.

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