Just bought CAIS--price below initial offering. If it can keep coming out with good stories such as the one below, it should have some promise.
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Friday May 21, 7:01 am Eastern Time
Company Press Release
CAIS Internet and John Q. Hammons Hotels, Inc. Announce Agreement
Leaders in Technology and Property Development Will Deliver High Speed Internet Total
Solution to Premiere Hotels
WASHINGTON, D.C.--(BUSINESS WIRE)--May 21, 1999-- In a decision that leads the industry in making properties Internet-ready, John Q. Hammons, Inc. (NYSE:
JQH - news) announced today its selection of CAIS Internet's (Nasdaq: CAIS - news) broadband services and patented OverVoice technology as the preferred Internet
access solution in at least 48 properties, including Embassy Suites, Radisson, Crowne Plaza and Sheraton hotels. John Q. Hammons chose CAIS Internet for its combined
nationwide backbone and OverVoice solution that eliminates PBX congestion, replicates or exceeds Internet office-like broadband speeds in each installed room, and
delivers business travelers the valuable high speed Internet amenity from CAIS Internet in one-point of contact.
''CAIS Internet's total solution of broadband access and patented OverVoice services makes it sensible and cost-effective to deliver the Internet from one-point to
multi-points, and fits with John Q. Hammons Hotels' reputation for delivering innovative and turnkey amenities,'' said CAIS Internet CEO, Ulysses G. Auger, II. ''CAIS
Internet solves many properties' cost and technical problems to increase property value and make buildings high speed Internet-ready.''
John Q. Hammons Hotels, known for its forward-thinking developments of upscale properties, will install CAIS Internet's total high speed solution, including its
OverVoice product and dedicated access to CAIS Internet's nationwide backbone, in premiere properties nationwide by fall 1999.
''John Q. Hammons Hotels, Inc. has been at the forefront of numerous industry innovations, such as atrium design, oversized rooms and personal service desks,'' said
John Q. Hammons, founder, chairman and CEO, John Q. Hammons Hotels, Inc. ''The agreement with CAIS Internet is another example of our commitment to providing
the highest quality amenities and services for today's business travelers.''
OverVoice technology is a cost-effective and sensible solution to existing hotel infrastructures and makes properties Internet-ready at speeds up to 175 times faster than 56K
dial-up connections. OverVoice technology is simply installed on top of the property's existing telephone system and alleviates PBX congestion while creating an Ethernet
local area network. When combined with dedicated high speed Internet connection, such as HyperDSL or T1, OverVoice provides users an uninterrupted, dedicated high
speed Internet connection that can be shared simultaneously among many users in a hotel or apartment building.
About John Q. Hammons, Inc.
Publicly traded on the New York Stock Exchange since 1994, John Q. Hammons Hotels, Inc. is the nation's leading independent builder, developer, owner and manager
of upscale full-service hotels, resorts and suites, including: Embassy Suites, Marriott, Radisson, Crowne Plaza, Hampton Inn & Suite, Homewood Suites and Holiday Inn
brands, as well as its own Plaza Hotel signature brand. The Springfield, Mo.-based company is the leading developer of new Embassy Suites hotels and is currently
building the nation's first two Renaissance hotels since the brand was acquired by Marriott Corporation in 1997. John Q. Hammons Hotel, Inc. owns or manages 49 hotels
in 22 states and employs more than 8,000 people.
About CAIS Internet
CAIS Internet (Nasdaq: CAIS - news) is a leading provider of the latest in broadband Internet access for consumers and businesses using advanced technologies like CAIS
HyperDSL, patented solutions like OverVoice®, as well as expert technical and customer support. CAIS HyperDSL, the latest in DSL Internet technology, delivers
dedicated, cost-effective high speed Internet access to businesses and consumers.
CAIS Internet operates a nationwide, clear-channel DS3/OC3 and ATM Network with POPs (points of presence) in Chicago, IL, Washington, DC, Baltimore, MD,
McLean, VA, San Francisco, CA, and has plans for POPs by year-end 1999 in Dallas, TX, Philadelphia, PA, Phoenix, AZ, Los Angeles, CA, Seattle, WA, Atlanta, GA,
Miami, FL, and Orlando, FL. CAIS's backbone is a Cisco-Powered Network, and currently peers with public and private partners, and at national exchange points, MAE
East, MAE East ATM, MAE West, and AADS.
CAIS Internet is headquartered in Washington, DC, reachable at 888.260.CAIS or on the Internet at www.cais.com.
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