Assured Access Technology Rolls-Out New Leasing Program
PR Newswire - April 30, 1998 11:56
Reduces Overall Cost of Running Complex, Sophisticated Internet Access
Business
Enables Service Providers to Retain Financial Flexibility
MILPITAS, Calif., April 30 /PRNewswire/ -- Assured Access Technology,
Inc., an innovative developer of switches for the public data network, today
introduced an aggressive new leasing program that provides service providers
with a new-level of financial flexibility. The Assured Access Leasing Program
provides a low-risk, cost-effective alternative for acquiring the company's
revenue-generating access switches by enabling customers to significantly
reduce their upfront costs and, at the same time, maximize their cash flow.
"Leasing provides a strategic alternative for reducing the overall cost
of running a complex and sophisticated Internet Access business," said Assured
Access' Chief Financial Officer Patrick Royan. "Our products couple the
operational and business requirements of today's service providers with a
leasing program that enables customers to retain financial flexibility."
The Assured Access Leasing Program provides service providers with cost-
effective financing options, offering numerous benefits in return, including:
-- Improved Operating Cash Flow
-- Fixed Payments to Enable Easy Financial Planning
-- Complete Solutions to Address Business and Network Needs
-- Upgrades of Equipment Available During Leasing Term
-- Technology Refresh Options Available at Pre-Determined Periods
During Lease
Assured Access develops a family of WAN Access Switches designed and built
specifically for public data networking. The company's products, the six-slot X600,
the 10-slot X1000, and the new 16-slot X1600, provide the flexibility, scalability,
performance, and fault tolerance required for successful public network operations.
Availability
The Assured Access Leasing Program is available now. Customers can call
Assured Access Financial at 408-979-8685 for more information, or visit
Assured Access on the worldwide web at assuredaccess.com.
Founded in September 1996, Assured Access Technology, Inc. provides WAN
Access Switches for the public data network. With an advanced architecture
that achieves the highest scalability and reliability, the Assured Access
product family is positioned to help Service Providers increase switched and
dedicated access capacity. Assured Access is headed by a management team from
high technology industry leaders including FORE Systems (Nasdaq: FORE),
Rockwell (NYSE: ROK), Ascend (Nasdaq: ASND), 3Com (Nasdaq: COMS), and AT&T
(NYSE: T). The company has raised $19 million in the past year and is funded
by leading venture capital firms Mayfield Fund, Sequoia Capital and Worldview
Technology Partners, as well as company founders.
SOURCE Assured Access Technology, Inc.
/CONTACT: Sheryl Schultz of SRS Associates, 508-647-0044,
sheryl@srsassociates.com/
/Web site: assuredaccess.com
(FORE ROK ASND COMS T) |
