WELL!!!!!HERE IT IS!! AS PROMISED MANY TIMES OVER!!! I THINK MY GUT
FEELING TURNED OUT RIGHT!!! CAN'T WAIT FOR RALEIGH TO CRUNCH SOME
NUMBERS ON THIS BABY!!!!
WHHHHHHHHHHHHHHHHHHHHHEEEEEEEEEEEEEEEEEEWWWWWWWWWWWWWWWWW!!!!
WILL BE RELEASED AT THE OPEN ON MONDAY!!! PR HAS CONFIRMED RECEIPT
AND IT IS PUBLIC DOMAIN BUT "GRUPO BRAD DE SCOOPOMAN" BRINGS IT TO
YOU IN ALL HUMBLENESS!!<ggg>------------------------------------------
------------------
Prodigy Mail: Personal Message 08/02/1996
------------------------------------------------------------
From: fnet@localnet.com ()
Subject: Press Release
Sent On: 08/02 03:45 PM PM ET
Date: Fri, 2 Aug 1996 15:41:15 -0400
From: fnet@localnet.com [fnet@localnet.com]
Subject: Press Release
Brad.. I've embedded the release in this mail. Please note the date
and time
of the press release (August 5, 1996 8:00am)..... Larry
======================================================================
======
DCI Telecommunications' Strategic Ally Goes National by Signing
Definitive
Agreement with GridNet International, a Division of LDDS
Press Release - For Immediate Release August 5 at 8:00am
August 5, 1996
Fairfield, CT - DCI Telecommunications, Inc. (DCIC - OTC Bulletin
Board) of
Fairfield, Connecticut announced today that FNet, a wholly owned
subsidiary
of Franklin Telecommunications Corp., (FTEL - OTC Bulletin Board)
with whom
DCI has a strategic alliance, has signed a definitive agreement with
GridNet
International, Rosewell, Georgia. The agreement will allow FNet's
subscribers access to FNet's Internet Services via GridNet's 157
Point of
Presence sites (shared local access in over 60 U.S. LATAs) located
throughout the United States. This agreement allows FNet subscribers
to
connect to the Internet via local phone access at extremely high
speeds and
at lower rates than the competition.
GridNet International is a division of LDDS WorldCom, the fourth
largest
long-distance carrier in the U.S. By utilizing the GridNet Internet
backbone which can be accessed by more than 80% of the U.S.
population, FNet
will offer to businesses and individuals throughout the U.S.,
multiple
options including dedicated Frame Relay and Asynchronous Transfer
Mode (ATM)
connections. These services allow for very high speed sending and
receiving
of information over the Internet at low cost.
This agreement sets the stage for FNet's proprietary voice server
which is
currently under development. The voice server technology will enable
subscribers to communicate directly from phone to phone over the
Internet
with total clarity, bypassing long distance phone charges and without
the
use of a personal computer.
According to Franklin's President and CEO Frank Peters, "The use of
GridNet's nationwide Internet presence will allow us to take the
integration
of our channel bank technology and voice applications national. We
believe
our latest product offering (to be called F-Link) will be widely
accepted in
this market segment and will reduce the cost for many corporations
for
international Internet Phone (available Fall, 1996). We intend to
provide
solutions that will dramatically reduce the cost of corporate
communications
for dial-up, Frame Relay and ATM connections."
Peter's went on to say, "This partnership is one part of FNet's
business
plan which focuses on making FNet the most profitable Internet
Advanced
Solution Provider in the world. The system will go on-line for
testing this
week and our target for nationwide availability is August 9, 1996."
FNet is a provider of a comprehensive range of Internet access
options,
applications and consulting services to businesses, professionals
and
on-line service providers. FNet provides dedicated and low cost dial-
up
Internet access, web server hosting and soon to be included voice
telephone
calls over the Internet free of long-distance charges.
FNet will become a joint venture between Franklin Telecommunications
Corporation and DCI Telecommunications, with each of the companies
owning
40% of FNet. The remaining 20% will be owned by RANA Investment
Company of
Saudi Arabia who is supplying $10 million bridge financing prior to
a
planned Initial Public Offering (IPO). As outlined in the FNet
business
plan, a significant portion of the bridge financing will be used for
a
nationwide sales and marketing effort in addition to software and
hardware
development. Franklin and DCI will also assume a 15% "stake out"
position in
each others companies by exchanging shares of stock.
FNet will continue to seek strategic alliances and intelligent
acquisitions,
enhancing it's ability to fulfill the intent of becoming the leading
provider of Internet related services to both the business community
and
consumers.
For more information, contact Daniel J. Murphy at DCI
Telecommunications
(203) 259-7713 or at Franklin Telecommunications either Frank Peters
or
Helen West, at (805) 373-8688.
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