HERZ .. what is causing this run ???
Other than the volume ..
some news from a couple of weeks ago
was what made me look at it ..
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EW YORK--(BUSINESS WIRE)--June 14, 1999-- RemoteIT.com (www.RemoteIT.com), a
subsidiary of Hertz Technology Group, Inc. (NASDAQ:HERZ - news), announced today that it will
partner with Bell Atlantic to deliver Infospeed(TM) DSL services. This Asymmetric Digital
Subscriber Line (ADSL) service will initially be offered to business and residential customers in the
New York metropolitan area for high-speed Internet access and Home-to-Work(TM) access for:
email, file exchange and LAN-based applications.
RemoteIT(TM) will offer the Infospeed(TM) DSL services as a high-speed, inexpensive solution
along with its SDSL and other always-on Internet communication technologies such as T-1 and
ISDN.
The service is available in three flat-rate, unlimited access options at downstream speeds of: 640K
(11 times the standard 56K modem), 1.6M (29 times the standard 56K modem) and 7.1M (128
times the standard 56K modem).
By partnering with Bell Atlantic, RemoteIT.com will be able to service New York area customers
with an affordable, dependable Internet access option, and be in a position to quickly expand to
other major metropolitan areas in the Northeast Bell Atlantic area, such as Washington DC,
Maryland, Pennsylvania, New Jersey and Massachusetts.
''Now, with our Bell Atlantic and NorthPoint(TM) DSL partnerships, we can offer an end-to-end,
multi-site, virtual private network that will allow high throughput at a greatly reduced cost per remote
location,'' said Alan Cooper, CIO of RemoteIT.com. ''Some applications of this technology would
include RemoteIT's Thin VPN(TM) and other remote and telecommuting services such as remote
LAN support, remote back-up, remote network management and videoconferencing.''
About Hertz Technology Group, Inc. (NASDAQ: HERZ - news) Hertz Technology Group, Inc.
(http://www.hertztec.com), headquartered in New York City, operates a number of
technology-related subsidiaries with complementary products and services, including: RemoteIT.com
(http://www.remoteit.com), a full-service Internet, network and communications company; Hergo
Ergonomic Support Systems, Inc., which designs, manufactures and markets ergonomically
engineered, modular technical office furniture, open racking systems, enclosure cabinets, personal
workstations, training desks and other space-saving products; Hertz Computer Corporation, which
custom designs, manufactures and integrates PCs and related products; and Edutec Training
Facilities, which provides customizable state-of-the-art, computerized training rooms equipped with
the latest PC workstations and A/V presentation technology.
Special note: Statements in this release relating to the delivery of services, availability, capability and
functionality of Bell Atlantic and Infospeed(TM) are considered ''forward-looking statements''
based on current expectations but involving known and unknown risks and uncertainties. Actual
results or achievements may be materially different from those expressed or implied. The Company's
plans and objectives are based on assumptions involving judgments with respect to technology,
future economic, competitive and market conditions, its ability to consummate, and the timing of,
acquisitions and future business decisions, all of which are difficult or impossible to predict accurately
and many of which are beyond the control of the Company. Therefore, there can be no assurance
that any forward-looking statement will prove to be accurate.
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Market likes anything 'broadband' ..
I really don't know .. watching at the moment ..
Jim in CT ..
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