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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject9/29/2001 3:06:31 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
Pihana Pacific Completes Asia Pacific Footprint With Opening of Hong Kong Facility

9/24/2001 1:00:00 PM
HONG KONG, Sep 24, 2001 /PRNewswire via COMTEX/ -- Pihana Pacific, a world-class business communication enabler and the first company to build, brand and manage neutral Internet exchange data centers in Asia/Pacific, today announced the opening of its US$20 million Hong Kong data center which completes Pihana's six country, seven facility Asia Pacific build out that began in October 2000 when it secured US$190 million in funding.

"Hong Kong is one of Asia's major business and technology gateways and a priority market in our regional footprint. The official launch of our seventh facility highlights an impressive accomplishment," said Richard Kalbrener, president and CEO of Pihana Pacific. "In less than a year, Pihana's construction, engineering and operations teams have designed and built seven outstanding facilities, meeting and surpassing our industry's highest standards."

The 45,000 square foot, world-class facility is the first of a new breed, providing a services-based technology infrastructure, secure, neutral environment where carriers, enterprises, Internet service providers (ISPs), application service providers (ASPs) and content providers are free to meet and interact, creating a new community of interest. Pihana does not resell bandwidth nor is it affiliated with any carrier or capacity provider.

Immediate connectivity

Pihana today announced that four carriers, including Hutchison Global Crossing, New T&T, New World Telephone and PCCW HKT, are establishing fiber access nodes into the facility. With each carrier supporting Internet and communications network services, the data center offers customers easy, cost-effective connectivity to as many as six carriers for full redundancy or to leverage daily rates. Pihana's IX platform also has a gigabit ethernet connection to Hong Kong Internet Exchange (HKIX). Pihana's IX customers can access all routes at HKIX via this connection.

"I am excited and look forward to providing full fiber connectivity to the tenants of Pihana's world-class data center," said Peter Wong, CEO, Hutchison Global Crossing. "Pihana's business model enables us to effectively target and sell our full range of advanced IP services to their customers."

Pihana provides value added services, across Asia Pacific, tailored to companies seeking to outsource their Internet services. Pihana's current services include:

-- Commercial Grade IX Services:
-- Local access through multiple carriers.
-- Internet access through multiple Internet Service providers.
-- Peer-to-peer, business-to-business via either VPN or physical cross
connect.
-- Gigabit Ethernet Connection to HKIX.

-- Co-location:
-- Individually locked standard cabinets, Fixed or custom sized cages,
Custom designed, hard-wall private suites
-- World Class Data Center with 99.999% SLA
-- Disaster Recovery

-- Pihana Pacific Branded Storage services (powered by Storage Networks
technology):
-- NAS, SAN, Backup and Restore
-- Service on demand as utility

-- Remote Hands:
-- 24x7x365, Custom installation assistance and "remote hands/eyes"
service

About Pihana Pacific

Founded in January 2000, Pihana Pacific is a world-class business communication enabler and the first company to build, brand and manage neutral Internet exchange data centers in Asia/Pacific. Pihana has built and launched its facilities in Tokyo, Seoul, Hong Kong, Singapore, Sydney, Honolulu and Los Angeles. Pihana Pacific has raised $236 million in private equity since being founded. This includes $190 million in October of 2000 with one of the largest private equity financing rounds in Asian history, with lead investor Goldman Sachs. Pihana's other world class investors consist of Morgan Stanley Dean Witter Private Equity, LoneTree Capital, UBS Capital, GE Capital Telecom, Mori Building Co., Ltd, Hewlett-Packard, PacifiCap Group, Nifco investments and Pihana's founding investor Columbia Capital. Headquartered in Honolulu, Pihana's Asian/Pacific presence includes a regional headquarters and network operations center in Singapore, a regional executive center in Hong Kong and sales offices in Tokyo, Seoul, Taipei, Sydney, San Francisco and Los Angeles. Pihana is a Hawaiian word meaning "fullness" and "completion" associated with a gathering. For more information, please visit www.pihana.com.

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SOURCE Pihana Pacific

CONTACT: Anne Taylor of Text 100 Public Relations (US), +1-206-267-2002,
or annet@text100.com, for Pihana Pacific; or Linda Brock of Pihana Pacific,
+1-808-528-7500, or Email: lbrock@pihana.com

URL: pihana.com
prnewswire.com

Copyright (C) 2001 PR Newswire. All rights reserved.

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