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Technology Stocks : Critical Path (CPTH) -- Ignore unavailable to you. Want to Upgrade?

To: Millionairess who wrote (100)	7/21/1999 3:47:00 PM
From: Millionairess	Read Replies (2) \| Respond to of 185

Wednesday July 21, 7:07 am Eastern Time Company Press Release Critical Path Selected by Germany's Cable & Wireless ECRC GmbH to Provide Robust Web-Based Messaging Services Relationship with Major German ISP Represents Critical Path's Continued Advance into Europe SAN FRANCISCO--(BUSINESS WIRE)--July 21, 1999-- Critical Path, Inc. (Nasdaq:CPTH - news), a leading provider of business-to-business Internet messaging solutions, today announced a strategic relationship with one of Germany's foremost Internet Solution Providers (ISPs), Cable & Wireless ECRC GmbH, the Internet Business Center of parent company Cable & Wireless plc. The revered Munich-based ISP provides progressive high-speed Internet connectivity and top-level data center housing, as well as value-added services to a substantial customer base of 500 including HypoVereinsbank, and the German arms of Alta Vista, Sun Microsystems, Oracle, and Silicon Graphics. Through this pivotal allegiance, Critical Path's advanced Web-based, in-language messaging services will be delivered under the Cable & Wireless ECRC brand name and will augment Cable & Wireless' expanded ISP and hosting services. Additionally, Critical Path has located a data center presence in a Cable & Wireless facility in Munich. ''Critical Path's robust, secure, and highly scalable Internet messaging solutions powerfully enhance our core service offerings,'' said Ottmar Schipper, managing director of Cable & Wireless ECRC. ''Our relationship with Critical Path accelerates our European market development and creates important synergies for the benefit of our rapidly expanding customer base.'' ''The Cable & Wireless ECRC and Critical Path alliance positions both companies to maintain leadership in the Internet service provider arena in Europe -- a region experiencing exponential growth and acceptance of the Internet and e-commerce,'' said Bill Rinehart, Critical Path's vice president of worldwide sales, Critical Path Inc. ''Cable & Wireless ECRC will help us extend our sales activities in Europe and market our services successfully.'' About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH - news) is a leading provider of business-to-business Internet messaging solutions for corporations, Internet service providers (ISPs), Web hosting companies, and Web portals. Critical Path has built an industry-leading global infrastructure with data centers connected to key Internet exchange points, and currently reaches millions of end-users through its customer relationships. Critical Path provides reliable, secure, and scalable email, and a flexible suite of enhanced messaging services to partners such as E-TRADE, Network Solutions, U S West, Sprint, and ICQ. Critical Path is headquartered in San Francisco, California, with offices in locations nationwide and in Germany and the UK. More information on Critical Path can be found at www.cp.net. Cable & Wireless ECRC GmbH Cable & Wireless ECRC GmbH was founded as a research institute by Bull, ICL and Siemens in 1984. The company has been an enterprise of Cable & Wireless plc. since 1999 and currently ranks among the technologically leading providers of Internet solutions in Germany. Cable & Wireless ECRC GmbH served approximately 500 clients in 1998 and earned an annual turnover of DM 32 million. Today, the provider serves major business clients including the HypoVereins Bank, Allianz, Sun Microsystems, Oracle and Silicon Graphics. Cable & Wireless plc. Cable & Wireless ranks among the world's leading providers of global, national and mobile communications services. With more than 17 million customers in 70 countries, the enterprise is the world's largest operator of globally integrated communications. Cable & Wireless is the world's third-largest provider for international traffic, it offers mobile communication in more than 30 countries. The statements in this press release relating to matters that are not historical are forward-looking statements. Actual results could differ materially from these forward-looking statements. Risks and uncertainties facing Critical Path are described in its prospectus dated June 1, 1999 and with its periodic filings with the Securities and Exchange Commission (www.sec.gov). Note to Editors: Critical Path is a service mark and the Critical Path logo is a trademark of Critical Path, Inc. All other trademarks are the property of their respective holders. --------------------------------------------------------------------------------