ESFT news...
Friday June 4, 8:00 am Eastern Time
Company Press Release
SOURCE: eSoft Inc.
eSoft and BANG! Sign OEM Deal
The Broadband 2000 Product Is Named the Connectivity Solution for Northeastern U.S. Cable Integrator
BROOMFIELD, Colo., June 4 /PRNewswire/ -- eSoft Inc. (Nasdaq: ESFT - news), the company that develops an Internet presence for small businesses through the TEAM Internet® family of products, announced today it has executed an original equipment manufacturer (OEM) deal with Broadband Access Networking Group (BANG!), a cable Internet integrator for the Northeastern United States.
With the TEAM Internet product as its foundation, the companies have jointly developed a product that is optimized for broadband connectivity called the Broadband 2000(TM). It has unique hardware specifications as well as modifications to the TEAM Internet core software.
The Broadband 2000(TM) offers business users high-speed Internet browsing, management control over Internet activity, e-mail for the entire company, a powerful firewall, a Web server for intranet and Internet applications, virtual private network support and remote access. The Broadband 2000(TM) is only available from BANG! and BANG! authorized VARs.
''We feel that broadband access is an incredibly significant technology for the Internet connectivity market,'' said Jeff Finn, president and CEO of eSoft. ''Our relationship with BANG! and our joint development of a broadband connectivity product marks eSoft's successful entrance into this space. The introduction of broadband technologies like BANG!'s combined with the TEAM Internet product puts full-time, dedicated Internet access within reach of nearly every business for the first time.''
''TEAM Internet is clearly the market leader for Internet access systems,'' said Mike Wallace, president of BANG!. ''The BANG! engineers have been working with the eSoft staff for over a year on software and hardware modifications to develop a custom product for up to 1,000 users. It is ideally suited for broadband connectivity by cable modem or digital subscriber line (DSL).''
Wallace continued, ''We now have over 40 units working successfully in the field, including our beta units. This is a tested, rock-solid product backed by the best support in the industry.''
About Broadband Access Networking Group (BANG!)
BANG! is a privately held, start-up company founded by three former MediaOne executives who saw the extraordinary potential of providing high-speed Internet access via cable modem to the business market. BANG! is the market leader in the Northeast broadband Internet access integration market and maintains strong relationships with MediaOne, Time Warner Cable, AT&T and other cable providers. BANG! Can be contacted at 225 Stedman Street, Lowell, Mass., 01851, USA; 978-957-3036 phone; 978-937-3975 fax; e-mail: info@bangcomm.com.
About eSoft Inc.
eSoft Inc. was founded in 1984 with headquarters in Broomfield, Colo. eSoft provides a family of Internet appliances and services that enable small to medium-sized business to harness the full power of the Internet. The TEAM Internet family of products is designed for businesses with up to 200 workstations and provides low-cost, LAN-to-Internet connectivity and includes a range of features, including e-mail, Web browsing, firewall security, a Web server, remote access and virtual private network (VPN) functionality. Contact eSoft at 295 Interlocken Blvd., #500, Broomfield, Colo., 80021, USA; 303-444-1600 phone; 303-444-1640 fax; www.esoft.com. TEAM Internet is a registered trademark of eSoft Inc.
Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (''The ACT'') and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as ''may,'' ''will,'' ''expect,'' ''believes,'' ''anticipate,'' ''estimate,'' ''approximate'' or ''continue,'' or the negative thereof. The Company intends that such forward-looking statements be subject to the safe harbors for such statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to gain product approval in foreign countries and failure to capitalize upon access to new markets. Additional risks and uncertainties which may affect forward-looking statements about the Company's TEAM Internet business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive TEAM Internet solution, delays in market awareness of eSoft and its products, possible delays in eSoft's marketing strategy, which could have an immediate and material adverse effect by placing eSoft behind its competitors. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. These factors and others are discussed in the ''Management's Discussion and Analysis'' section of the Company's Reports on Form 10-KSB for the fiscal year ended December 31, 1998 to which reference should be made.
SOURCE: eSoft Inc. |
