News out on LKON...will post when it gets to Y...forming IP subs LINKNET...stock at 1.80/1.90
Linkon Forms IP Telephony Enhanced Services
Subsidiary to Serve the International VOIP Long Distance Calling Market
FAIRFIELD, Conn., Feb. 3 /PRNewswire/ -- Linkon Corporation (OTC Bulletin Board: LKON - news) announced today
that it had formed LinkNetwork Corporation, a new wholly owned subsidiary. The LinkNetwork Corporation will establish
and operate network nodes throughout the globe interconnected by an Internet Protocol network backbone. LinkNetwork
plans to recruit international partners who will deliver advanced IP telephony services in their respective local countries. The
new company is beta testing its first network node in New York City and has shipped product to its first partner. LinkNetwork
is expected to be operational by March 1, 1999.
''The motivation to form an IP enhanced services division is driven by telecom analysts' projections like that of Ovum
Research, that show the global IP services market to be in the $60 billion range within the next five years. Also, Linkon has
extensive experience in service provision and network design. Service provision is very familiar territory for us since we were
founded as and successfully ran an audio-text service bureau. Over the years we have assisted major telephone companies like
AT&T in setting up large scalable computer telephony solutions similar to IP telephony solutions,'' said Lee W. Hill, President
and CEO of Linkon Corporation.
''As we survey the current players in the rapidly emerging IP Telephony field, we believe our business model gives us some
distinct advantages. Not the least is that we possess advanced IP Telephony technology. Next, we have constructed our
partner program to be 'user friendly.' Our international partners can start as small as their needs require and can grow their
businesses using our scalable platforms. We have no required purchases of minutes, no minimum volumes. We are truly pay as
you go.
''Response to this approach has been very enthusiastic. We are now in negotiation with potential LinkNetwork Partners in ten
countries. For a no cost Partner Proposal, interested parties should email erich@linkon.com,'' added Hill.
Linkon also announced that Eric Hernaez had joined the company as Vice President, Business Development. Mr. Hernaez is a
graduate of Temple University School of Law. Previously, he was chief operating officer of an emerging IP Telecommunications
company. Hernaez will report directly to Lee W. Hill, President and CEO.
This release contains forward-looking statements which are subject to factors which may cause Company results to vary from
those expected. Risks include: the uncertainty of product acceptance, dependence on its relationship with AT&T and Sun, the
competitive nature of targeted industries, government regulations, legal uncertainties, dependence on key personnel, and a
variety of risks set forth from time to time in Linkon Corporation's filings with the Securities and Exchange Commission. Linkon
undertakes no obligation to publicly release results of any of these forward-looking statements which may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of unexpected events.
About Linkon Corporation
Linkon develops and markets Internet Protocol Telephony enhanced services equipment and services for the telecom, data,
cable, utility and Internet industries. Its products are sold to end-users and through system integrators, application developers,
value added resellers and original equipment manufacturers.
SOURCE: Linkon Corporation |
