Online System Services and Formus Communications Agree
to Demonstrate Systems for High-Speed Services Using
LMDS Technology
August 12, 1998
DENVER, Aug. 11 /PRNewswire/ via NewsEdge
Corporation -- Online System Services, Inc. (Nasdaq:
WEBB) announced today it has signed an agreement
with Formus Communications Inc. to supply and
integrate equipment that will enable Formus to provide
Internet services over its LMDS (Local Multipoint
Distribution Service) networks. Financial terms of the
agreement were not disclosed.
Under the agreement, Online System Services will install
and integrate an Internet point-of-presence system at
Formus's Denver headquarters that will facilitate
high-speed Internet traffic through an LMDS network
now being tested by the company as it prepares to
deploy broadband wireless telecommunications systems
in the U.S. and overseas.
The technology of LMDS wireless networks have
received considerable attention from industry experts in
the U.S. and worldwide. "LMDS operators have the
potential of being the next serious players offering real
competition in the local loop, which can only lead to
great things for consumers," said FCC Chairman William
Kennard in Reuter's in March 1998. The LMDS
bandwidth allows high volumes of voice, video and data
as well as television signals to be transmitted over the
airwaves to locations within LMDS antennae's line-of-
sight.
"We are proud to work with Formus Communications,"
Steve Adams, Chairman and CEO of Online System
Services, said. "By integrating our services into the
Formus solution, we will be able to effectively
demonstrate the power of the LMDS opportunity over
the next 60 days."
About Online System Services
Online System Services markets a product and service
package called i2u that enables broadband operators to
deliver high-speed Internet access and Web services
and generate new revenue streams from access and
interactive services, including content, commerce and
online transactions. For cable operators affiliated with
national service providers such as @Home or
RoadRunner/Media One, i2u offers the Quick Start
program that features the immediate deployment of
complete Internet services with a defined future
transition to the national service provider. Online System
Services' clients include: InterMedia Partners, TINTA,
TCI's international group, American Telecasting Inc.,
RE/MAX International and Rockwell Federal Credit
Union.
Information and statements in this report, other than
historical information, should be considered forward
looking and reflect management's current views of future
events and financial performance that involve a number
of risks and uncertainties. Factors that could cause
actual results to differ materially include, but are not
limited to, the following: the possibility that proposed
acquisitions may not occur; general economic
conditions and developments within the Internet and
Intranet industries; product development and
technology changes; competition and pricing pressures;
length of the sales cycle; variability of sale order flow;
and management growth.
SOURCE Online System Services, Inc.
/CONTACT: Cathy McCall of Online System Services,
303-296-9200, ext. 221, cmccall@ossinc.net; or Bob Gold
of Bob Gold & Associates, for Online System Services
Media Relations, 310-784-1080, bob@bobgoldpr.com; or
Jay Pfeiffer or Matt Dickerson of Pfeiffer Public
Relations, Inc., for Online System Services Investor
Relations, 303-393-7044, matt@pfeifferpr.com; or Steve
Silvers of Clarus Public Relations for Formus
Communications Public Relations, 303-296-0343/ (WEBB)
[Copyright 1998, PR Newswire]
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