To: TIP2BASE who wrote (25031 ) 7/6/1999 11:32:00 PM From: puborectalis Read Replies (2) | Respond to of 41369
Not too late to buy NASC.........Network Access Solutions Receives Investments From Leading National and International Telecom Providers Combined Investments Total Over $11 Million STERLING, Va.--(BUSINESS WIRE)--June 15, 1999-- Network Access Solutions (Nasdaq: NASC - news) today announced that a group of investors that include SBC Communications, Inc. (NYSE: SBC - news) and Telefonos de Mexico (NYSE: TMX - news), exercised their options to purchase a combined 996,057 shares of NAS Common Stock at the initial public offering price of $12.00 per share (less the underwriter's spread). Their combined purchases netted the Company approximately $11.1 million. As part of NAS' recently completed initial public offering, 537,634 of the shares were purchased by SBC Communications, Inc. and 358,423 of the shares were purchased by Telefonos de Mexico. About NAS: Founded in 1994, Sterling, Virginia-based Network Access Solutions (''NAS'') is a data communications and enterprise networking solutions company. Through its branded CuNet (pronounced ''copper net'') service, NAS offers customers high-speed connectivity using digital subscriber line (DSL) technology. As a complement to CuNet, NAS offers customers a complete suite of value-added enterprise networking solutions, including network integration, network management, network security and professional services. The CuNet network supports both legacy telecommunications infrastructures, including traditional voice, and newer, packet-based communications, including ATM, Frame Relay and IP. For more information visit the company's website: nas-corp.com .