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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?

To: jerryrom who wrote (813)	8/4/1999 8:24:00 AM
From: JakeStraw	Respond to of 835

Homestead Selects AboveNet to Provide Superior Bandwidth for Web Site Publishing SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 4, 1999--AboveNet Communications, Inc. (Nasdaq:ABOV - news), the architect of a global one-hop network that brings together high-bandwidth content sites, ISPs and Application Service Providers together in centralized co-location facilities, today announced that Homestead Technologies, Inc., the leader in self-service Web-based publishing for consumers, has joined AboveNet's San Jose Internet Service Exchange (ISX). Homestead provides computer users of all skill levels with an easy, free and flexible way to build and maintain Web sites. By co-locating at AboveNet's facility, Homestead is ensuring that its fast growing numbers of users, and the visitors to their Homestead-built Web sites, have the scalable bandwidth needed for a positive Internet experience. Homestead is a complete Web-based publishing platform that allows individuals, groups and small businesses to easily collaborate and create feature-rich Web sites without the expense of buying desktop software. These Web sites, which may be hosted by Homestead, another Web hosting site, or the creator's ISP, allow real-world micro-communities of family, friends, co-workers and colleagues to communicate on the Web and share family photos, files, audio and video clips, and more. Leading companies, such as Dell Computer Corporation, Deja.com, and Juno Online Services have entered into co-branding agreements with Homestead to offer their customers the opportunity to build Web sites for free using Homestead's drag-and-drop editor. ''AboveNet helps Homestead fulfill its mission to put self-created Web sites within the reach of every Web user,'' said Sam Schorr, Homestead vice president of operations. ''With AboveNet's high performance network, and superior connectivity, our Web site creators have a stable server environment for creating their Web site and accessing our rich tools. ''In addition, content on the Web sites hosted by Homestead will be immediately accessible, helping to insure that visitors to these sites will have a positive experience and keep coming back.'' ''Homestead takes the mystery and expense out of having a Web site, and it simplifies the use of the Internet as a communications medium for families, schools, small businesses and associations,'' said Warren J. Kaplan, President and Chief Operating Officer at AboveNet. ''With AboveNet, Homestead Web sites -- created by new parents showing off baby pictures, professional groups posting seminar schedules, and others -- can be accessed fast and reliably.'' AboveNet's Global ''One-Hop'' Network AboveNet's unique network model enables it to offer the best connectivity and network performance to its clients. At each of AboveNet's ISXs, content and service providers connect to each other in a LAN environment and then directly connect to the rest of the Internet through an extensive network of more than 273 private and public peering agreements with all of the top ISPs and backbone providers worldwide. This architecture reduces the multiple network hops information often takes to reach its final destination on the Internet, and allows AboveNet to keep the information on its network intact until it can be delivered as close as possible to its final destination. The resulting ''one-hop'' network is highly redundant and delivers superior network performance. AboveNet further ensures the performance of its network by providing its clients access to its significant bandwidth, which currently totals over 18.2 Gbps -- the most bandwidth available on-demand at any co-location facility. AboveNet guarantees 100% headroom on its network so that its clients will have the bandwidth they need as they grow. About Homestead Technologies, Inc. Homestead Technologies, Inc. is the leader in self-service Web publishing via consumer webware -- software that lives on the Web. As a Web-based publishing platform, Homestead enables individuals and groups to quickly create feature-rich Web sites for a myriad of purposes without the need to buy expensive desktop software. Homestead is the first platform that gives computer users of all skill levels an easy, free and flexible way to build Web sites or extend real-world micro-communities of family, friends and colleagues to the Web. Homestead provides advertisers and content partners the opportunity to go beyond the banner to reach their target audiences, and offers its co-branding partners a complete community-based Web publishing platform, without the need to install and maintain any software on their servers. Founded in 1997, Homestead is based in Menlo Park, Calif. and has more than 70 employees. The company is privately held and has received investments from IVP, Global Retail Partners, Draper Fisher Jurvetson and Intel Corp. Homestead is available at homestead.com and through co-branding partners. About AboveNet Communications Inc. AboveNet Communications, Inc. is a leading provider of Internet connectivity and co-location solutions for high bandwidth and business-critical applications. AboveNet, headquartered in San Jose, Calif., is the architect of the Internet Service Exchange (ISX) -- a world class network that provides co-location services and Internet connectivity for Content Providers, ISPs, and Application Service Providers (ASPs). The AboveNet Global One-Hop Network is designed to deliver fast, scalable and reliable connections to the Internet and improves the Internet experience for end-users. With its Tier 1 status and ISO 9002 certification, AboveNet is seeking to serve the global community of the Internet. For more information on AboveNet and its service offering call 800/475-2733 or visit the company's Web site at www.above.net. The statements contained in this press release that are not purely historical are forward looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the company's expectations, beliefs, hopes, intention or strategies regarding the future. Factors that could cause or contribute to such differences include risks related to the company's services, including network scalability and Internet connectivity, the ability to maintain and increase peering relationships, intense competition, and other factors and risks discussed from in AboveNet 's reports filed from time to time with the Securities and Exchange Commission, including AboveNet's quarterly report on Form 10-Q for the three months ended March 31, 1999. Note to Editors: AboveNet, Internet Service Exchange, ISX and AboveNet Global One-Hop Network are trademarks of AboveNet Communications, Inc. All other company or brand names may be trademarks of the respective companies with which they are associated. ------------------------------------------------------------------------ Contact: AboveNet Communications Rose Marr, 408/367-6681 rose@above.net or The Weber Group Tiffany Francis, 650/463-8642 tfrancis@ca.webergroup.com

To: jerryrom who wrote (813)	8/4/1999 9:13:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 835

MFNX News - Metromedia Fiber Network Launches Intracity Optical Networks In The Washington, D.C., Chicago and Dallas Metropolitan Areas High-Speed, High-Bandwidth Fiber Optic Networks Will Provide Dedicated, Private Infrastructure for Communications Carriers, Government Agencies and Enterprise Customers NEW YORK--(BUSINESS WIRE)--Aug. 4, 1999-- Metromedia Fiber Network, Inc. (NASDAQ:MFNX - news) announced the recent launch of intracity dark fiber(a) networks in the metropolitan areas of Washington, D.C., Chicago and Dallas. With the launch of its networks in these three metropolitan areas, Metromedia Fiber Network now provides dark fiber infrastructure in New York, Philadelphia, Washington, DC, Chicago and Dallas, five of the United States' 15 largest cities. In addition, the company is currently constructing networks in six additional US metropolitan areas and in Canada and Europe. ''The launch of our Washington, D.C., Chicago and Dallas dark fiber networks marks another important milestone in Metromedia Fiber Network's strategy to become the preferred provider of broadband communications infrastructure in the critical last mile,'' said Howard Finkelstein, president of Metromedia Fiber Network. ''We are pleased with the launch of Washington and Chicago, two markets that were part of our original plan, as well as Dallas, a newer addition to our market strategy. We continue to make progress in our current markets while at the same time expanding our vision to new markets in the US and into the international arena with the announcement of our entry into Canada and the addition of a number of major European cities as well as the build-out of an intercity ring throughout Germany.'' The Washington, D.C. Network Utilizing a ring-based architecture, Metromedia Fiber Network's dark fiber infrastructure passes major government, education and business centers in the nation's capital. In addition, the network extends to key business, finance and technology centers throughout the metropolitan area. To the North, the network includes the suburbs of Silver Spring, Chevy Chase, Rockville and Bethesda, Maryland. In the Southwest suburbs, the network includes McLean, Tyson's Corner, Reston, Herndon, Chantilly, Vienna and Arlington, Virginia. Metromedia Fiber Network's operational infrastructure passes more than twenty Bell Atlantic tandem and central offices and five strategically located carrier hotels throughout the Washington, D.C. region. As a result of its recent landmark agreement with Bell Atlantic, Metromedia Fiber Network plans to provide direct dark fiber connections within many of these central offices for its carrier and Internet Service Provider customers. The Chicago Network In Chicago, Metromedia Fiber Network's infrastructure extends throughout the major downtown business districts and several of the key suburbs. In the city, the network covers the vital financial centers in the downtown Loop. Suburbs include the important communications centers of Oak Brook, Schaumburg and Hoffman Estates, Illinois. In addition, the company's operational network passes five carrier hotels in the Chicago region and more than fifteen of Ameritech's key tandem and central offices. The Dallas Network The Dallas network encompasses major business and high-tech sections of the city and several important suburbs. Metromedia Fiber Network's infrastructure extends throughout downtown Dallas and includes the important telecommunications corridor in Richardson as well as Addison to the North and the high-tech centers of Irving and Las Colinas to the West. The operational network passes ten strategically located central and tandem offices and three carrier hotels. ''The launch of these three new networks allow us to reach some of the nation's most highly visible technological, government, and financial organizations,'' added Finkelstein. ''These organizations will now be able to take advantage of the fixed cost, virtually unlimited bandwidth and completely private network solution that our dark fiber provides.'' About Metromedia Fiber Network Metromedia Fiber Network is building metropolitan fiber optic infrastructure in the local loop in strategic Tier One markets, enabling technologically sophisticated organizations to implement the latest data, video, Internet and multimedia applications. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold. Utilizing Metromedia Fiber Network's infrastructure, customers are able to rapidly deploy state-of-the-art optical networks. Communications carriers and Internet Service Providers gain local loop connectivity in the most highly populated metropolitan areas. Corporate and government customers benefit from private building-to-building networks featuring the fastest transmission speeds available and the highest levels of reliability and security. In addition to its current nationwide expansion in 12 major US and Canadian cities, Metromedia Fiber Network is entering the international market with fiber optic network builds in Germany, the UK and Holland. For more information about Metromedia Fiber Network, please visit the company's Web site at mmfn.com. This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms 10-K and 10-Q. • (a) Editor Note: Dark fiber is a telecommunications industry term used to describe fiber-optic cable that has no signal or light passing through it. Metromedia Fiber Network leases individual dark fiber strands to organizations that attach their own transmission and receiving equipment to the fibers, allowing them the flexibility to deploy a wide range of advanced telecommunications technologies including broadband Internet Protocol (IP) networks, Synchronous Optical Networks (SONET), Asynchronous Transfer Mode (ATM), Voice over IP, gigabit Ethernet and others. A growing number of equipment providers are producing commercial optical routers and switches that rely on the availability of dark fiber for their operation. ------------------------------------------------------------------------ Contact: Media Relations: Gibbs & Soell, New York Gary Gatyas, 212/697-2600 ggatyas@gibbs-soell.com or Company Contact: Metromedia Fiber Network, New York Ellen Strahs Fader, 212/606-4389 efader@metromediacompany.com