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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (13779)	8/12/1999 3:49:00 PM
From: Mr.Manners	Respond to of 108040

EBAS Thursday August 12, 11:02 am Eastern Time Company Press Release SOURCE: ebaseOne Corporation and Level 3 Communications, Inc. ebaseOne and Level 3 Sign Agreement to Deliver Mission Critical Applications Over Fiber IP Network HOUSTON, Aug. 12 /PRNewswire/ -- ebaseOne Corporation (OTC Bulletin Board: EBAS - news), an emerging leader in the Application Service Provider (ASP) market, and Level 3 Communications, Inc. (Nasdaq: LVLT - news), a leading international Internet Protocol-based (IP) communications and information services company, have signed a service agreement. ebaseOne, who should be able to reach a significant share in the pre-packaged application service provider market, estimated by Forrester Research to grow to $21 billion by 2001, has selected Level 3 for co-location and network services. As businesses utilize ASP services it will be expected to have significantly larger demand for bandwidth versus current demand for Internet email and Web sites. Level 3's technology will allow ebaseOne to offer scalability, reliability and security to its customers. This relationship will allow ebaseOne's customers to benefit from Level 3's international, Internet Protocol (IP) based network at favorable prices, while enabling ebaseOne to expand rapidly by taking advantage of Level 3's co- location facilities. Unlike some other major players in the ASP industry, ebaseOne will now have access to extensive bandwidth via Level 3 Gateway facilities that are located directly on SONET rings in 19 major metropolitan areas. ebaseOne's Enterprise Application Center(TM) combined with Level 3's international network and facilities provides a complete end-to-end solution from a world class center, which is one of four Enterprise Application Centers(TM) planned by ebaseOne. These high-end value-added services include security, application management and high-speed communications, just to name a few, delivered over the leading industry network. According to John Frazier, CEO of ebaseOne Corporation, ''ebaseOne will utilize Level 3's expanding international, all-fiber IP network to provide connectivity for its customers. It is probably the newest and highest quality fiber optics network in the world. Most of our competitors are using subcontracted outside service providers or lower tier ISP's for connectivity. By working with Level 3, we can lower the cost of bandwidth and provide a higher level of service than our competitors.'' About the Application Service Provider industry The ASP industry has been compared to the Internet Service Provider (ISP) industry in the early 1990's. Its growth is expected to explode within the next three years. According to International Data Corp., corporate spending on high-end outsourced applications, such as ERP and e-commerce, will grow from an estimated $150.4 million this year to $2 billion by 2003, at a compound annual growth rate of 91%. This represents only high-end applications, and doesn't take into account the majority of software applications currently used by most businesses. According to the Forrester Research, packaged applications outsourcing industry will reach $21 billion in 2001. The ASP industry is growing so quickly because it solves all of the major financial problems typically associated with high-end software applications. For the first time, even small and midsize businesses will be able to afford almost everything they need to streamline their operations, up to the most complex enterprise-wide software applications on the market. ASP software hosting, also called ''software rental,'' allows companies to access applications that are stored on central servers. In the past, companies were forced to purchase one-time software product licenses that were either based on the number of seats or the size of the company. This presented a major problem, especially for small and midsize businesses that have not been able to afford the significant up-front cost required to purchase the software. Additionally, companies then had to contract for the necessary professional services to implement those applications, including consulting and training services. About ebaseOne Corporation ebaseOne Corporation is an Application Service Provider (ASP) that specializes in providing the small and medium sized business market with ''Fortune 500'' class data centers to host and manage leading packaged software applications for a flat monthly fee. ebaseOne was founded with the mission to provide the best total solution to enable small and medium sized businesses to focus on their core business. ebaseOne Corporation is led by a senior management team with years of experience in the technology and technology management industry. The statements made by ebaseOne may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Merger Communications (Merger) is a media relations firm employed by the Company. The statements and opinions presented here represent the views of the Company, not Merger, as the release is based on information provided by the Company. Merger's compensation for its media relation's services, including preparation of press releases, consists of a monthly retainer and warrants for the purchase of the Company's stock. Merger and its employees may have a long position in the securities of the companies in which it distributes information to the media, and Merger may be buying or selling securities in the course of its regular business. SOURCE: ebaseOne Corporation and Level 3 Communications, Inc. More Quotes and News: ebaseOne Corp (OTC BB:EBAS - news) Level 3 Communications, Inc (Nasdaq:LVLT - news) Related News Categories: computers, internet, telecom