To: Kimberly Lee who wrote (12885 ) 7/28/1999 1:47:00 PM From: BarbaraT Read Replies (3) | Respond to of 108040
CBTK ... an ISP which just made a deal with Ziplink (connections to Nortel and WebTV). CBTK Subsidiary, Imaginet, signs Strategic Agreement with ZipLink Inc Tuesday July 27 8:59am Source: PR Newswire VANCOUVER, British Columbia, July 27 /PRNewswire/ -- Campbell Technologies Inc. (OTC Bulletin Board: CBTK), www.campbelltech.com, announced today the signing of a three-year strategic partnership agreement between Campbell's wholly owned subsidiary Imaginet Communication Group Inc. (www.imag.net) and ZipLink Inc. (Nasdaq: ZIPL) a U.S. national wholesale Internet connectivity provider. This partnership agreement will ensure that ZipLink becomes Imaginet's preferred provider in delivering connectivity through ZipLink's nation-wide backbone. Imaginet will purchase connectivity at wholesale and resell it to its franchisee base. Imaginet is currently expanding into the United States as a consolidator and Franchisor of Internet Service Providers (ISPs). ZipLink operates as a national backbone provider offering wholesale Internet connectivity services to ISPs, using a state-of-the-art Asynchronous Transfer Mode (ATM) network. ZipLink coverage in the U.S. currently exceeds 60% or over 1,000 cities. The agreement represents an important step toward Imaginet's rapid deployment of its franchise and conversion (i.e. consolidation) strategies providing broad U.S. coverage for roaming capabilities and national branding. President and CEO, Michael Coderre said, "This is very exciting news for Imaginet. We will now be in a position to gain another revenue stream through the resale of connectivity services to our Franchise Network. The agreement will also greatly accelerate our expansion into the US for two main reasons. Firstly, it will completely eliminate the need to purchase expensive modem equipment, phone lines and backbones that our franchisees have had to accommodate in their capital and expense budgets. The bottom line is that both start-up and ongoing operating costs will drop dramatically. In average cases, start-up costs alone will drop by over 50% thereby increasing our closing rate for franchise sales significantly. Secondly, the rate at which we are capable of installing new franchises will increase significantly due to the complete turnkey nature of our approach. In addition, our franchisees will have a powerful marketing weapon, in their ability to offer roaming to over 1,000 cities in Canada and the US, ADSL connectivity without investing into the expensive equipment required and in their ability to service some of the more remote, under-serviced markets by way of the coverage available. All in all, the fit is perfect. ZipLink provides expertise in supplying the technology while Imaginet provides all the branding, support and back office services required to be a successful ISP." Headquartered in Vancouver, British Columbia, Campbell Technologies Inc. specializes in the acquisition, funding and management of emerging Internet technologies. It subsidiaries, Imaginet Communication Group Inc. and Imaginet U.S., are rapidly becoming the leading Internet Franchisers in North America. For further information please contact: Corporate Investor Relations, 888-505-0455, ext. 525. S