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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SAMS BONE who wrote (39007)5/10/1999 1:17:00 PM
From: SMALL FRY  Read Replies (1) of 120523
 
ABOV <news>

PeopleWeb and AboveNet Partner to Provide PeopleWeb.com Users The Fastest and Most Reliable Internet Interactivity Tools on the Web

BusinessWire, Monday, May 10, 1999 at 09:43

SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 1999--PeopleWeb
Communications, Inc., a provider of free online services and Internet
interaction tools, and AboveNet Communications Inc. (NASDAQ:ABOV), the
architect of a global one-hop network that brings together
high-bandwidth content sites and ISPs in a centralized co-location
facility, today announced their technology partnership. Through this
agreement the companies will seek to further their shared visions of
providing breakthrough technology and services that allow people to
use the Internet in ways that are faster, more useful and more
enjoyable.
PeopleWeb is committed to giving people the tools they need to
use the Web in a manner that more closely reflects and enhances
real-world communication and logic. PeopleWeb relies on AboveNet to
offer the consistent high-performance Internet connectivity needed to
provide users with reliable access and rapid response times when using
PeopleWeb.com and the entire PeopleWeb Network. As a result users
enjoy fast, trouble-free access to such communications capabilities as
My PeopleWeb, the first Internet interaction tool, My Friends, an
instant chat and messaging tool, PeopleWeb Mail,
QuoteServer.com(TM)and CoolChat.com(TM)
"PeopleWeb's goal is to create a far-reaching community of users
interacting on the Internet in ways that are more social and natural
to them," said Satoru Isaka, CTO, PeopleWeb Communications, Inc. "In
order to accomplish this, our site must offer the fastest and most
reliable performance available on the Internet. When we compared
infrastructure vendors, we discovered that AboveNet provided the speed
and availability needed to support the demands of all our Web-based
business needs, as well as the scalability to accommodate our rapidly
growing user-base."
"AboveNet's technology is designed to provide companies building
the most innovative Internet businesses with the scalability and
reliability to support rapid growth and high user expectations," said
Dave Rand, CTO for AboveNet. "We are excited to work with PeopleWeb as
they provide people with new ways to interact with and use the
Internet."

About PeopleWeb Communications

PeopleWeb Communications, Inc. is a privately held company
located in San Jose, Calif. The company's mission - OneWorld,
OneWeb(SM) - is to provide complete online services in a social and
intuitive environment. PeopleWeb offers users free access to a number
of site features, including My PeopleWeb, the first Internet
interaction tool, and a fully portable and customizable chat and
instant messaging technology. PeopleWeb provides the guidance and
context users need to successfully interact with the Web under
real-world conditions. For more information, visit PeopleWeb at
www.peopleweb.com.

About AboveNet Communications Inc.

AboveNet Communications, Inc. is a leading provider of Internet
connectivity and co-location solutions for high bandwidth and
business-critical Internet applications. AboveNet is the architect of
the Internet Service Exchange(TM)(ISX(TM))-- a world class network
that provides co-location services for Content Providers and ISPs. The
AboveNet Global One-Hop Network(TM)is designed to deliver fast,
scalable and reliable connections to the Internet and improves the
Internet experience for end-users. With its Tier 1 status and ISO 9002
certification, AboveNet is seeking to serve the global community of
the Internet. For more information on AboveNet and its service
offerings visit the company's Web site at abovenet.com.

AboveNet, Internet Service Exchange, ISX and AboveNet Global
One-Hop Network are trademarks of AboveNet Communications, Inc. All
other company or brand names may be trademarks of the respective
companies with which they are associated.

The statements contained in this press release that are not
purely historical are forward looking statements within the meaning of
section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the company's expectations, beliefs,
hopes, intention or strategies regarding the future. Factors that
could cause or contribute to such differences include risks related to
the Company's services, including network scalability and Internet
connectivity, the ability to maintain and increase peering
relationships, intense competition, and other factors and risks
discussed in the company's registration statement on form S-1, filed
with the Securities and Exchange Commission on April 7, 1999 and other
reports filed from time to time with the Securities Exchange
Commission.

CONTACT: AboveNet Communications
Rose Marr, 408/367-6681
rose@above.net
or
The Weber Group
(for PeopleWeb Communications, Inc.)
Tara Burgess, 415/616-6102
tburgess@peopleweb.com

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com

Copyright 1999, Business Wire

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