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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM

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To: growthvalue who wrote (6)10/5/1998 11:13:00 PM
From: Frank A. Coluccio  Read Replies (2) of 360
 
SOURCE: Coyote Network Systems, Inc.

Coyote Network Systems Presents at Kaufman Brothers' Emerging Telecommunications Market Conference

WESTLAKE VILLAGE, Calif., Oct. 5 /PRNewswire/ -- Coyote Network Systems, Inc. (OTC Bulletin Board: CYOE - news) will present its strategic plan on Tuesday, October 6th at 2:40 pm at Kaufman Brothers Emerging TelecommunicationsMarkets Conference being held at the Marriott Marquis Hotel in New York City. Kaufman Bros., L.P. is a research-based,full-service investment bank, securities trading firm, and brokerage operation serving the emerging growth marketplace.

''Coyote Network Systems' strategy for future growth is to model the best of the international long distance carrier initiatives that provides high growth, domestic reach, and to complement that effort with affinity-based services,'' said James J. Fiedler, chairman and chief executive officer, Coyote Network Systems. ''Coyote plans to deploy Internet-compatible technology in addition to public network and virtual private network technologies as enablers for both service and product revenue; acquire US-based switchless international service companies and deploy switches to accelerate growth and value; focus strengths on international and affinity-based domestic long distance services; expand market presence in Europe and Asia through a series of technology and service acquisitions, affinity groups; drive switchless- reseller acquisitions to switch-based; secure routes to strategic international areas, and position Coyote Network Systems as a ''top 10'' carrier within two years,'' Fiedler stated.

About Coyote Network Systems

Headquartered in Westlake Village, CA, Coyote Network Systems (CNS) provides telecom equipment and network services that enable and deliver local, long distance and Internet services. Coyote Technologies provides scalable Class 4/5 telecom switches and IP (Internet Protocol) gateway systems. Headquartered in Houston, TX, American Gateway Telecommunications provides international long distance services to carriers. Headquartered in Los Angeles, CA, Interactive Network Systems markets international long distance services to more than 17,000 customers, primarily to French and Japanese affinity groups.
CNS is authorized to provide competitive local exchange carrier (CLEC) services in California. For more information, please visit the Company's Web site: cyoe.com, or call 1-818-735-5312.

The statements in this news release may be considered ''forward looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Such factors include, but are not limited to, actual and potential competition, risks associated with consolidation in the industry and with international expansion, general and economic conditions, the need to manage growth, and certain product, technology and regulatory risks. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For
more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC.

SOURCE: Coyote Network Systems, Inc.
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