PRMC news:
Monday July 10, 11:10 am Eastern Time
Company Press Release
Alcatel and Prime Companies, Inc.
Successfully Complete Field Trials Of
National LMDS Broadband Wireless
Network
YUBA CITY, Calif. & DALLAS--(BUSINESS WIRE)--July 10, 2000--Alcatel (NYSE: ALA - news) and Prime
Companies (OTC BB: PRMC - news) today announced the successful completion of field trials of a Local Multipoint
Distribution System (LMDS) high-speed broadband wireless access network for small- and medium-sized businesses.
Working with LMDS Communications, Inc., a subsidiary of Prime Companies, Alcatel began field trials of Prime
Companies' LMDS network using the Alcatel LMDS broadband wireless access solution, in March in New Castle,
Penn. LMDS Communications has a corridor of LMDS (28GHz) A band licenses in Pennsylvania, and New York, and
is ranked in the top 10 of LMDS A band license holders in the U.S.
``With the successful completion of these field trials, we plan to deploy our LMDS network using Alcatel's solution in
additional markets throughout the remainder of the year,'' said Norbert Lima, chief executive officer of Prime
Companies. ``Small- and medium-sized businesses in these markets will be able to use this high-speed wireless access
network to build traditional and e-commerce businesses.''
According to Dave Kimzey, vice president and general manager, Wireless Access Products, Alcatel, ``Our LMDS
offering is a popular solution for delivering high-speed broadband communications to small- to medium-sized
businesses worldwide. We will continue to work with service providers, such as Prime Companies, to further roll out
our popular LMDS solution across the U.S.''
About Prime Companies, Inc.
Prime Companies, Inc., through its wholly owned subsidiaries, currently provides telecommunications services to both
commercial and residential customers throughout the U.S. The services offered include prepaid telecommunications,
interconnect, paging, Internet service access and voicemail services. The company is launching LMDS technologies to
various markets through its subsidiary, LMDS Communications. Prime Companies is publicly traded on the OTC
Bulletin Board by the symbol PRMC.
About Alcatel
Alcatel builds next generation networks, delivering integrated end-to-end voice and data solutions to established and new
carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 23 billion in
1999, Alcatel operates in more than 130 countries. Additional information is available at http:/www.alcatel.com.
Contact:
Alcatel
Brian Murphy, 972/519-6677 (Media)
Brian.murphy@usa.alcatel.com
Jamie Horton, 707/792-7843 (Media)
Jamie.horton@usa.alcatel.com
Julie Buckley, 707/792-7820 (Industry Analysts)
Julie.buckley@usa.alcatel.com
Peter Campbell, 972/519-4347 (Financial Analysts)
Peter.campbell@usa.alcatel.com
or
Prime Companies
Norbert Lima, 530/755-3580
Adminpri@primecompanies.com |
