ROTI news
BRIDGEPORT, Conn., July 5 /PRNewswire/ -- Tanner's Restaurant Group
(OTC Bulletin Board: ROTI) announced today that its wholly-owned UK-based
subsidiary, Fone.com Limited has entered into an interconnection agreement
with Viatel, Inc. (Nasdaq: VYTL), the "All Distance. All Services.(TM)"
telecommunications provider headquartered in New York.
As previously announced, Fone.com -- a reseller of telecommunications
services -- is in the process of changing its name to B4B Communications,
Limited. B4B stands for Bandwidth for Business.
Through its agreement with Viatel, B4B will have access to Viatel's
Pan-European Network, a multi-conduit, continuously-upgradeable, cross-border
network in Western Europe, of which over 7,000 of the announced 10,400 route
kilometers, linking 59 major cities in the United Kingdom, The Netherlands,
Belgium, France, Germany and Switzerland, are fully constructed. Construction
of the remaining 3,400 route kilometers will be completed by year's end.
Viatel provides local and long-distance, voice and data, bandwidth and
Web-centric solutions to end-users, including corporations, ISPs, ASPs and
other carriers in Western Europe and North America.
One of the immediate areas of focus for B4B will be the sale of prepaid
telephone calling cards to drive volume and revenue. B4B is building a
distribution network of agents offering calling cards to the many core ethnic
markets existing in the UK. This market segment has historically proven itself
to have one of the largest demands for prepaid card products. Further, the
Company is vigorously concentrating on offering prepaid cards to affinity
groups for fund raising purposes as well as using the cards as a promotional
and advertising tool. This is in addition to B4B's recent announcement
regarding the provisioning of wireless mobile telecommunications services.
Initially, B4B will utilize its interconnection agreement with Viatel to
reach new customers in new markets. However, over time, B4B plans to provide a
broad suite of valued-added services, including video-conferencing and
bandwidth-related services.
This press release contains forward-looking statements within the meaning
of Section 27-A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Although Tanner's believes
the expectations reflected in the forward-looking statements are based on
reasonable assumptions, actual events or results could differ materially from
those set forth in the forward-looking statements.
SOURCE Tanner's Restaurant Group
-0- 07/05/2000
/CONTACT: Tanner's Restaurant Group, Inc., 203-333-6389/
(ROTI VYTL)
CO: Tanner's Restaurant Group; Fone.com Limited; B4B Communications, Limited;
Viatel, Inc.
ST: Connecticut, New York
IN: TLS
SU: JVN
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