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Technology Stocks : PARADYNE (PDYN)
PDYN 4.360-3.1%1:30 PM EST

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To: Topannuity who started this subject6/26/2002 1:51:52 PM
From: Pied Piper   of 242
 
News

Wednesday June 26, 1:37 pm Eastern Time
Press Release
SOURCE: Paradyne Networks, Inc.

Guest-Tek And Paradyne Partner To Provide High-Speed DSL Internet Access To Major Hotel Chain
CHICAGO, June 26 /PRNewswire/ -- Guest-Tek Ltd., a leader in delivering full-service, broadband Internet access to hotels serving mobile users, is partnering with Paradyne Networks Inc. (Nasdaq: PDYN - News) to provide high-speed DSL Internet access to North American hotels and their guests. Paradyne is a recognized market leader in digital subscriber line (DSL) solutions.

Doug Vickerson, Guest-Tek VP Business Development, says both companies' experience within the hospitality industry, combined with their solid technology, will provide hotels with a winning high-speed DSL solution. "Like Guest-Tek, Paradyne has worked with major hotel chains across North America for many years, and understands their unique needs. Paradyne also has flexible solutions that ensure hoteliers receive the most reliable, cost-effective high-speed Internet access possible." Paradyne's EtherLoop(TM) technology is a preferred solution for in-room broadband delivery in the hospitality industry, and Guest-Tek is a preferred provider to Hyatt Hotels Corp. and Carlson Hospitality Worldwide.

Paradyne VP Product Management, William Cobb says he is pleased to be working with Guest-Tek, a company that has a 99.5% success rate for connecting guests to the Internet. "Guest-Tek's software integrates seamlessly with our solution, and their turnkey product includes full installation and 24/7 technical support. Our partnership with Guest-Tek brings together the technologies and expertise that will allow hotels to deploy high-speed DSL Internet access today and realize the huge revenue advantages of expanding their service offerings in the future."

Guest-Tek and Paradyne have already partnered to install high-speed DSL Internet access at The Crowne Plaza Toronto Centre in Toronto, Canada. "The introduction of Guest-Tek/Paradyne DSL high-speed Internet access in our guest rooms offers our guests instant plug-and-play capability, and supports the Six Continents Hotels' objective of allowing guests to be connected anytime, anywhere," says Crowne Plaza General Manager Daniel Blachut.

Guest-Tek's GlobalSuite 3 connectivity software is fully interoperable with Paradyne's Bitstorm(TM) 4800 (ADSL), Bitstorm 2400 (Etherloop)(TM) and GranDSLAM 8620 (RADSL)(TM) IP Access Concentrators. Guest-Tek and Paradyne will be showcasing their high-speed Internet access solutions at the Hospitality Industry Technology Exposition and Conference (HITEC) in Chicago June 25-27 (booths 1432 and 264 respectively).

About Guest-Tek

Guest-Tek delivers broadband visitor-based networking (VBN) solutions to business serving mobile users. Our products provide fast and easy plug-and- play Internet access to end users. Through our superior implementation and support services, our partners gain a sustainable competitive edge. With headquarters in Calgary and Chicago, Guest-Tek has been serving hospitality and related industries since 1996. For more information, visit our Web site at www.guest-tek.com.

About Paradyne

Paradyne is a leading developer of carrier-class, high-speed network access solutions. A recognized market leader in digital subscriber line (DSL) and service level management (SLM) solutions, Paradyne markets its award- winning GranDSLAM(TM) and BitStorm DSL systems, ReachDSL(TM) and EtherLoop products, and FrameSaver® Service Level Management systems to service providers and business customers worldwide. Paradyne has an installed base of over 175,000 EtherLoop lines from the recent acquisition of Elastic Networks. In addition, More than 23,000 GranDSLAM DSL Access Multiplexers have been deployed around the world. Paradyne has shipped over 373,000 ports of its unique ReachDSL solution, giving carriers the ability to deliver broadband over almost any copper line, even those that are very long or severely impaired. The leading carriers, including AT&T, Bell Canada, Broadwing, SBC, Sprint, Verizon, and WorldCom, have deployed Paradyne's SLM solutions into mission-critical enterprise networks. Paradyne is headquartered in the Tampa Bay area. More information is available by calling 1-800-PARADYNE (U.S. and Canada), 1-727-530-8623 or visiting paradyne.com.

Information about Forward-Looking Statements:

This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations and beliefs as well as on assumptions made by, and information currently available to, management. Among the factors that could cause actual future events to differ materially include: the uncertainty regarding the acceptance of new telecommunications services based on DSL technology; reduction or discontinuation of purchase of our products by NSPs; the failure of NSPs to incorporate our products into their infrastructure; the possibility that Paradyne's competitors may develop competing products that are superior in terms of quality, cost or both. For a detailed discussion of other risk factors that could affect Paradyne's business, please refer to the risks identified in Paradyne's Current Report on Form 10-K, dated April 1, 2002, and in Paradyne's other filings with the Securities and Exchange Commission.

SOURCE: Paradyne Networks, Inc.
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