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Wednesday May 19, 10:30 am Eastern Time
Company Press Release
SOURCE: VPN Communications, Inc.
EMB Corporation's Joint Venture Partner and
Rhythms NetConnections, Inc. Sign Agreement
COSTA MESA, Calif., May 19 /PRNewswire/ -- Paul C. Stevens, President of VPN Communications, Inc. (VPNCOM),
Joint Venture partner with EMB Corporation (OTC Bulletin Board: EMBU - news) announced today that a formal agreement
has been completed between Rhythms NetConnections, Inc. (Nasdaq: RTHM - news) and VPNCOM for National DSL
circuit services. The agreement includes an initial DS-3 connection from VPNCOM to the Rhythms network.
Mr. Stevens said, ''This agreement with Rhythms provides VPNCOM and EMB Corporation an immediate point to point
DSL network solution for our private secured network and high bandwidth Internet services. The Technical alliances of
Rhythms with Cisco Systems, Xylan, an Alcatel Company, Paradyne and others provides VPNCOM additional support for
our network solutions and clients.'' Mr. Stevens went on to say, ''Providing DSL network solutions and services to our clients
for our private secured ''Video, Voice, and Data'' network puts VPN Communications and EMB on the cutting-edge of
network technology. We look forward to working closely with Rhythms in providing our services to the real estate, mortgage,
and financial industries we serve.''
Mr. James Shipley, President and CEO of EMB Corporation said, ''According to a 1998 report from Booz-Allen &
Hamilton, a consulting firm, 'The market for high-speed communications lines, also known as broadband, is expected to grow
to $200 billion by 2005. EMB through its joint venture with VPNCOM, will be among the first to provide a private secure
national network for its regional loan centers.' It will also allow EMB's mortgage subsidiaries to take the first step in providing
automated underwriting, loan tracking, and privacy for it's independent and affiliated loan brokers.''
Rhythms NetConnections, Inc. is an Englewood, Colorado-based business with commercial services in San Diego, San
Francisco, Oakland/East Bay, San Jose, Sacramento, Los Angeles, Orange County, Chicago, Boston, New York and
Philadelphia. The company is a provider of networking solutions for businesses, using DSL technology to provide high-speed
remote access to private networks and the Internet. Telecommunications services for Rhythms are provided by ACI, a wholly
owned subsidiary of Rhythms. For more information, call 1-800-RHYTHMS. (Nasdaq: RTHM - news)
A number of statements contained in this report are forward-looking statements which are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks
and uncertainties, including the timely development and market acceptance of products and technologies, competitive market
conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce
operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission,
including its 1997 Form 10-KSB. The actual results that the Company may achieve may differ materially from any
forward-looking statements due to such risks and uncertainties.
SOURCE: VPN Communications, Inc. |
