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Technology Stocks : GlobalNet Corporation (GLBT)

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To: jmhollen who wrote (28)4/26/2001 5:56:43 PM
From: jmhollen  Read Replies (1) of 60
 
GlobalNet Deploys Interoperability Solution That Will Facilitate Expansion To New Markets

LOMBARD, Ill., Apr 17, 2001 /PRNewswire via COMTEX/ -- GlobalNet, Inc. (Nasdaq: GBNE chart, msgs), a leading provider of international voice, data and Internet services over a private, managed Internet Protocol (IP) network, today announced that it is deploying a solution for connecting diverse IP networks that will facilitate expanding to new markets, provide increased flexibility in selecting affiliates and, ultimately, lead to lower costs.


"We have developed and tested this interoperability under 'real world' conditions and are confident it will facilitate expanding to new countries and broadening our options in choosing the affiliates we connect to," said Daniel M. Wickersham, president of GlobalNet.

"Changing from one type of network to another can cause deterioration in the quality and reliability of connections," Wickersham said. "Other carriers normally pass calls from one VoIP network to another through switching systems that require each network to utilize equipment from the same vendor. GlobalNet's ability to retain a call format as VoIP from end-to-end, regardless of the equipment used, will allow us to offer continuous quality service in new and expanding venues throughout the world."

About GlobalNet

GlobalNet, Inc. provides international voice, data and Internet services over a private IP network to international carriers and other communication service providers in the United States and Latin America. GlobalNet's state- of-the-art IP network, utilizing the convergence of voice and data networking, offers customers economical pricing, global reach and an intelligent platform that guarantees fast delivery of value-added services and applications. The company, through its facilities in the U.S. and Latin America and arrangements with affiliates worldwide, can carry traffic to more than 240 countries.

Source: GlobalNet, Inc.

Contact: Pere Valles, Chief Financial Officer of GlobalNet, Inc.,
630-652-1330; or Karl Plath of The Investor Relations Company for GlobalNet,
Inc., 847-296-4200
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