Monday January 4, 11:49 am Eastern Time
Company Press Release
Quest Net Corp. Announces Hiring of Paul Zeller and Intends on Filing Full Nasdaq Registration
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 4, 1999--Internet service provider Quest Net Corp. (OTC BB:QNET - news) has announced the hiring of Paul Zeller to advise and prepare the necessary documents for a full registration with Nasdaq and locate qualified underwriting firms for a secondary IPO of the Company.
Paul Zeller, formally Vice-President of W.R. Grace & Co. in New York and Assistant to the Executive Vice-President at Ryder Systems has over two decades of experience in senior management and has successfully advised several public companies on IPO's and equity offering on the various stock markets.
Quest Net Corp. intends to file a memorandum of registration with Nasdaq as soon as it is feasible.
Based in Fort Lauderdale, Fla., Quest Net (OTC BB:QNET - news) operates its own OC-12 (622Mbps) fiber optic self-healing SMARTRing backbone running from Key West to Sebastian, Fla. Quest Net is a provider of secure, full-service global Internet and Intranet broadband digital networking solutions for businesses and individuals. It also has its own Frame Relay 45Mbps connection into the Internet Cloud. Quest Net is one of the largest regional Internet Service Providers with Dialup POPs (point-of-presence) in 228 cities and over 2,000 clients, mostly small businesses. It also offers dedicated high-speed Internet access, metropolitan and wide area network data transport services, including virtual private networks, to several commercial clients and other ISP's, and Wireless Internet Connection at a speed of up to 3 Mbps to a distance of 8 miles on a license free spectrum. Quest Net offers one of the fastest and cleanest routing systems for the transfer and delivery of voice, video and data streams at speeds ranging from 64 Kbps to 155 Mbps (OC-3), as well as frame relay connections at speeds up to 45 Mbps.
This press release may contain forward-looking statements made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties.
--------------------------------------------------------------------------------
Contact:
Quest Net Corp., Fort Lauderdale
Robert Leff, 954/567-1008
Email: Info@ipquest.com
or
Zelco Enterprises, Inc., Boca Raton
Paul Zeller. 561/218-0697
Email: zelcolll@aol.com
-------------------------------------------------------------------------------- |
