CODI enters into agreement with StarNet
Small float of 1.8 million
11:30 Compu-DAWN, Inc. Enters Into Internet Service Provider Agreement With
StarNet, Inc., to Provide Access to More Than 1,000 POPS Nationally
(Copyright (c) 1999, Business Wire)
CEDARHURST, N.Y.--(BUSINESS WIRE)--Feb. 3, 1999--Compu-Dawn, Inc.
(Nasdaq:
CODI) today announced that it has entered into an agreement with StarNet, Inc.
(www.STARNETUSA.NET) whereby StarNet will provide internet access services on
a wholesale basis to e.TV Commerce, Inc., ("e.TV") a wholly owned subsidiary
of Compu-DAWN. This service is being provided through 1000 points of presence
("POPS") locations throughout the USA.
StarNet, Inc. currently owns and operates its national MegaPOP(TM) access
network, which is the single largest V.90/56K network in the USA. StarNet has
grown their network over 400% in 1998 and plans to continue expansion in 1999
to provide V.90 local internet access from 50% to over 80% of the US
population.
To meet the coverage requirements of the e.TV marketplace in the United
States, StarNet has separately entered into an agreement with GTE
Internetworking (NYSE:GTE). e.TV will be able to activate and manage internet
access accounts, destined for either network, StarNet's or GTE's, via
StarNet's MegaPOP(TM) real-time account management system. StarNet has
provided a single interface to e.TV, allowing e.TV to activate, modify, or
deactivate their internet access accounts, all in real-time, provisioned for
either StarNet's or GTE's network.
This real-time control mechanism, developed by StarNet through a simple
web-based interface, allows an e.TV customer to log onto the internet through
any StarNet or GTE access location. An e.TV customer can log onto either
network with literally no changes in their username, password, or modem
settings.
"This new relationship with StarNet is expected to provide the e.TV
organization of independent representatives, thus its customers, with enhanced
internet services. The web-based interface control mechanism developed by
StarNet is expected to allow e.TV to administer its internet service accounts
on a real-time basis and therefore provide additional profitability to the
Company. The Company anticipates entering into additional strategic agreements
over the next few months with other internet and telecommunications companies.
That should enhance our business of providing products and services to our
existing and future independent representatives," said Ted Turner IV, Chairman
of the Board of the Company.
Compu-DAWN, Inc. is in the business of designing, developing, licensing,
installing and servicing computer application and communication software
products and systems for law enforcement and other public safety agencies.
With the recent acquisition of the operating assets of LocalNet
Communications, Inc. (see press release dated January 11, 1999), Compu-DAWN's
newly created wholly owned subsidiary e.TV Commerce, Inc., has entered into
the internet, e-commerce and telecommunications business. Sales of these
product and services are conducted primarily using a multi-level network
marketing organization.
Forward Looking Statements
Certain information contained in this announcement are "forward-looking
statements". Compu-DAWN cautions readers that certain important factors may
affect Compu-DAWN's actual results and could cause such results to differ
materially from any forward-looking statements which may be deemed to have
been made in this announcement or which are otherwise made by or on behalf of
Compu-DAWN. For this purpose, any statements contained in this announcement
that are not statements of historical fact may be deemed to be forward-looking
statements. Factors which may affect Compu-DAWN's results include, but are not
limited to, the risks and uncertainties associated with multi-level network
marketing, the internet and internet related technology and products, new
technology developments, developments and regulation in the telecommunications
industry, the risk of loss of management and personnel, the competitive
environment within the internet and telecommunications industries industry,
the competence required and experience of management and economic conditions.
CONTACT: Compu-DAWN, Inc.
Mark Honigsfeld, 516/374-6700 Ext. 601
or
e.TV Commerce, Inc.
Teddy Turner IV, 904/680-6680 Ext. 5174
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