To: zbyslaw owczarczyk who wrote (12751 ) 8/16/1999 10:42:00 AM From: pat mudge Read Replies (1) | Respond to of 18016
August 16, 1999 08:54 TeleHub Signs $13 Million Agreement with TransNet Connect GURNEE, Ill.--(BUSINESS WIRE)--Aug. 16, 1999-- Three-Year Agreement Estimates One Billion Minutes of Traffic TeleHub Network Services(tm) (TNS), a wholly owned subsidiary of TeleHub Communications Corporation, today announced the signing of a three-year agreement with TransNet Connect, a switchless long distance reseller. The agreement with TransNet Connect, valued at over $13 million, will utilize TeleHub as an underlying carrier. TeleHub estimates the agreement will generate approximately 180 million minutes of traffic in the first year, increasing to one billion the second year. "TransNet Connect chose TeleHub for our "Power of 1" concept; TNS proudly provides customers with one support structure, one network, and one gateway broker," said Ken Minihan, chief executive officer for TeleHub Communications Corporation. TNS's unique services offer comprehensive and flexible solutions through a wide choice of service options and transmission speeds. The synergy between ATM-based network and the software suite known as PathMinder,(tm) developed by their sister company TeraBridge Technologies, Corp., enables TeleHub Network Services(tm) to deliver integrated voice, data, and multimedia communications options to their customers on a virtual basis, with integrated and enhanced management, billing, and control capabilities provided at the transaction level detail. "It's the combination of TeleHub's reliable network, simplicity, and their intelligent (PathMinder,(tm)) software that attracted us to TeleHub," said Stan Crews, chief executive officer for TransNet Connect. "TeleHub's advanced technology offers data transfer as well as voice transmission. The services TeleHub will be providing to TransNet Connect to market in the future will keep TransNet Connect at the forefront of the telecommunications industry," said Crews. TransNet Connect, headquartered in Tampa, Florida, is a broker of services and products: local, long distance, wireless, Intranet, natural gas and energy. TransNet Connect offers services domestically, with plans to open its market into Canada in the near future. About TeleHub TeleHub Network Services(tm) introduced the first publicly-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.