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Technology Stocks : e.spire Communications (ESPI)

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To: limit who wrote (287)4/22/1999 9:13:00 AM
From: Honor First  Read Replies (1) of 471
 
e.spire Subsidiary ACSI Network Technologies to Construct Local Network in Houston for GST Telecommunications

ANNAPOLIS JUNCTION, Md., April 22 /PRNewswire/ -- e.spire Communications, Inc. (Nasdaq: ESPI) today announced that its wholly-owned subsidiary, ACSI Network Technologies, Inc. (ASCI NT), will provide GST Telecommunications, Inc. with conduits and fiber along e.spire's local area network in the Houston metropolitan area. The agreement demonstrates both companies' commitments to expanding their network footprints and to reducing initial capital outlay required to enter the marketplace.

e.spire, through ASCI NT, is currently constructing a 38.5 mile local network in Houston and, under the terms of a recently signed agreement, GST will purchase multiple conduits along the route. e.spire expects to deliver the network by July 31,1999.

"This new agreement makes good business sense for e.spire and GST. e.spire will construct the network, while GST, assured of timely market entry, focuses on other aspects of its business, including customer service, marketing and sales," said Anthony J. Pompliano, e.spire Chairman and CEO. "e.spire will leverage its investment by providing fiber to GST and other telecom service providers, in addition to corporations, that require high-speed, broadband connectivity in the Houston area. It is a win/win proposition for all parties."

GST Telecommunications, Inc., an integrated communications provider (ICP) headquartered in Vancouver, WA, provides a broad range of integrated telecommunications products and services, including local dial tone, Internet, long distance and enhanced data services throughout California and the United States. Facilities-based GST continues to focus on its western regional strategy by anchoring its next generation networks in local markets and connecting them via long-haul fiber networks. Visit GST's Web site at gstcorp.com.

ACSI Network Technologies, Inc. is a wholly-owned subsidiary of e.spire that provides full-service network development solutions, including business planning, market analysis, engineering, project management, construction and network monitoring center design.

e.spire Communications, Inc. is a leading provider of integrated communications solutions, including dedicated access, local dial tone, long distance, advanced data, Internet and networking solutions, in markets throughout the United States. For more information on e.spire, contact www.espire.net on the Internet.

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