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Technology Stocks : STAR Telecommunications (STRX) -- Ignore unavailable to you. Want to Upgrade?

To: Art C. who wrote (631)	7/23/1999 4:58:00 AM
From: Ga Bard	Respond to of 780

TeleHub and Star Telecommunications, Inc. Enter Into $8.0 Million Services Agreement Business Editors/Hi-Tech Writers GURNEE, Ill.--(BUSINESS WIRE)--July 22, 1999--TeleHub Network Services Corp., a leading provider of voice over ATM carrier services, announced a services agreement with STAR Telecommunications, Inc., (Nasdaq:STRX), a global telecommunications services company. Under the terms of the agreement, STAR Telecommunications will utilize TeleHub's network for terminating domestic traffic over the next two years. The agreement is worth an estimated $8.0 million in revenue for TeleHub. "This agreement with STAR Telecommunications showcases our network's strength and depth. We are looking forward to this new partnership and the opportunities that will result," said Kenneth Minihan, CEO of TeleHub Communications Corporation. As the leader in supplying voice over ATM services, this contract is a significant milestone for TeleHub, as STAR Telecommunications is the seventh largest long distance carrier in the United States. STAR Telecommunications' decision to use TeleHub's network is a validation of TeleHub as a pre-eminent provider of telecommunications services. "STAR Telecommunications tested the quality of several telecommunications networks and found that TeleHub's voice over ATM network performed better than any of the other services tested. We selected TeleHub for its leading edge technology and the near perfect voice quality of its network," said Christopher Edgecomb, CEO of STAR Telecommunications. "TeleHub is known throughout the telecommunications industry for having a reliable network and our strategic decision in selecting TeleHub affords us the opportunity to have a strong foundation in the industry for terminating domestic telephone calls," said Edgecomb. About TeleHub TeleHub introduced the first public-switched ATM communications network that integrates the delivery of a full range voice, data and video telecommunications services. The Network is controlled by intelligent network software called VASP(tm) (Virtual Access Services Platform). VASP(tm) is supplied by TeraBridge Corp., a joint venture of TeleHub Communications Corporation and Newbridge Networks. This unique ATM/VASP combination gives TeleHub a significant advantage over its nearest competitors. For general information about TeleHub, please call 1- 877-TELEHUB or refer to www.telehub.net. About STAR Telecommunications STAR Telecommunications provides global telecommunications services to consumers, long distance carriers, multinational corporations and Internet service providers worldwide. STAR provides international and national long distance services, international private line, prepaid calling cards, dial around services and international toll free services. --30--CF/ph* CONTACT: TeleHub Network Services Corp. Barbara Pajor (Corporate Contact), 847/263-4236 or Edelman Worldwide Tracy Peth (Media Contact), 202/326-1703