-P
NOYR-Here are releases from yest and today...stock presently trading around 2 3/16:
gpg
Telecom Wireless Corporation Announces Acquisition
of America's Web Station
ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 28, 1999--Telecom Wireless
Corporation (OTCBB:NOYR - news) announced today that its Board of Directors
had
approved the acquisition of America's Web Station, Inc., a premier Web Hosting,
Web Developer, and Internet Service
Provider headquartered in Naples, Florida.
''Our acquisition of America's Web Station creates an exciting platform for web
development and hosting services that we can
expand to our growing client base,'' stated Dr. James C. Roberts, CEO and Chairman
of Telecom Wireless, ''The ability to
provide value added services to our ISP and CLEC client base will position TWC to
generate a greater revenue stream and
allow us to expand our reach to a broader segment of the SoHo population. The team
at America's Web Station, Inc., has
demonstrated its ability to render superior web development and client services with a
large amount of its business being repeat
business from existing clients. We are excited about the prospects of increasing this
segment of our business and America's
Web Station, Inc., is already in the process of obtaining a cornerstone account for its
growing development team.''
America's Web Station marks the second Application Service Provider (ASP)
acquisition by Telecom Wireless and confirms
Telecom's commitment to deliver value-added services on to its Internet-focused
technology platform. A series of mergers and
acquisitions are expected to be announced shortly. Dr. Jim Roberts has more than 25
years experience in the industry, having
served in senior management positions for Motorola (NYSE:MOT - news), MCI
(Nasdaq:WCOM - news) and McCaw
Communications, now AT&T (NYSE:T - news).
Through strategic acquisitions and technology enhancements Dr. Roberts is positioning
Telecom Wireless to convert its
network into a digital platform and challenge dominant players such as PSINet
(Nasdaq:PSIX - news), Concentric
(Nasdaq:CNCX - news), AOL (NYSE:AOL - news), Microsoft (MSFT), and
@Home (Nasdaq:ATHM - news) who are
also racing to deliver the next generation in data delivery. The enhanced services TWC
will introduce include television,
two-way voice and data, and high-speed Internet access.
Forrester Research, Inc. in Cambridge, Mass. predicts that the ASP market will
experience explosive growth, moving from
practically zero to $6.4 Billion in just two years. As an early player, Telecom expects
to gain significant market share in this new
and expansive industry to enhance it's revenue per subscriber for its ISP and CLEC
businesses.
Telecom Wireless can be seen on the Internet at noyr.com. Telecom
Wireless Corporation is in the process of
becoming a fully reporting public company and is engaged in convergence of
telecommunications services including the Internet
and voice services through acquisition and development. This press release contains
forward-looking statements, such as future
development activity. Telecom Wireless notes that there is a variety of factors which
could cause the actual results to differ
materially from the anticipated results expressed.
Contact:
Telecom Wireless
Lynne Lovvorn, 303/587-9600
noyr.com
or
Tom Maddon at Investor Relations, 800/941-1558
ibchannel.com
Telecom Wireless Announces the Acquisition of
Prentice Technologies
ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 27, 1999--Telecom Wireless
Inc.
(OTC BB:NOYR) Tuesday announced its plans to acquire Prentice Technologies Inc.
(http://PrenticeTechnologies.com), a privately held consolidator of Internet Application
Service Providers (ASPs).
The acquisition confirms Telecom's commitment to deliver value-added services on top
of its Internet-focused technology
platform. Forrester Research Inc. in Cambridge, Mass. predicts that the ASP market
will experience explosive growth, moving
from practically zero to $6.4 billion in just two years. As an early player, Telecom
expects to gain significant market share in
this new and expansive industry.
Based in Englewood, Prentice Technologies is allied closely with leading ERP vendor
J.D. Edwards & Co. (Nasdaq:JDEC -
news) and Microsoft (Nasdaq:MSFT - news). Prentice is the first partner to offer
subscription-based access to J.D. Edwards'
OneWorld(TM) client-server software via the Internet.
''I'm very excited about the opportunity to join forces with Telecom Wireless,'' said
Prentice Chief Executive Officer Shawn
Richmond. ''I believe that we tell a powerful and compelling story when we combine
robust Internet access with enterprise
application hosting. We can now deliver complex ERP software as a simplified 'utility'
via the Internet or private connections to
our clients. With our rapid implementation tools, customers can have access to
OneWorld within days of contract signing.
Having Telecom's 'access' infrastructure further reduces our costs and delivery time.''
''By including ASPs in the consolidation strategy, Telecom is taking an early stake in a
high-end growth market that is expected
to yield tremendous earnings potential'' said Dr. James Roberts, chairman & CEO for
Telecom Wireless. ''ISPs and CLECs
are rapidly getting into Web and application hosting to differentiate their offerings. We
intend to move aggressively and get there
first. Our vision is to create a unifying brand to encompass all the services necessary to
run a business in the Internet age.
Further, this will help strategically differentiate Telecom from other ISPs, by
significantly increasing our revenues per
subscriber.''
In the proposed deal, Telecom will obtain all outstanding shares of Prentice through a
stock swap. Richmond will join Telecom
as a corporate officer and will continue to serve as CEO of Prentice Technologies,
which will be a wholly-owned subsidiary.
''We view Prentice as the perfect platform for our ASP consolidation,'' said Roberts.
''Mr. Richmond brings extensive
technical, managerial, and entrepreneurial experience to the executive team that will be
crucial to realizing our vision.''
Video, voice, and data infrastructure enhancements is being facilitated by dominant
Internet Telecom players which have
dedicated
Roberts has more than 25 years experience in the industry, having served in senior
management positions for Motorola
(NYSE:MOT - news), MCI (Nasdaq:WCOM - news) and McCaw Communications,
now AT&T (NYSE:T - news).
Through strategic acquisitions and technology enhancements, Roberts is positioning
Telecom Wireless to convert its network
into a digital platform and challenge dominant ISPs such as Concentric
(Nasdaq:CNCX - news), AOL (NYSE:AOL - news),
Microsoft, and @Home (Nasdaq:ATHM - news) who are also racing to deliver the
next generation in data delivery. The
enhanced services will include television, two-way voice and data, and high-speed
Internet access.
This release contains forward-looking statements which are based on current
information available to management and which
are subject to other important factors disclosed from time to time in the company's
Form 10-K and Form 10-Q Registration
statements and other Securities and Exchange Commission filings, including specifically,
among other factors, changing market
and economic conditions. |
