Mark; here's SPDE (Fav's INDEX) news:
Company Press Release
SOURCE: SPEEDUS.COM, INC.
SPEEDUS.COM Announces SPEEDIA, LLC Investment; SPEEDIA Introduces Breakthrough Wireless and Web-based Information Delivery Service
NEW YORK, Sept. 17 /PRNewswire/ -- SPEEDUS.COM, Inc. (Nasdaq: SPDE - news) today announced its equity investment in SPEEDIA, LLC. The investment was made in conjunction with Transaction Information Systems, Inc. (TIS), an e-commerce solutions company. SPEEDUS.COM and TIS each own a 45% interest in SPEEDIA.
SPEEDIA has developed the capability to send requested information (such as, stock quotes and portfolio information, news, weather, e-mail, etc.) to subscribers of the SPEEDIA service via many existing communication devices. SPEEDIA's proprietary infrastructure is based on software developed by TIS and enhanced by SPEEDIA to its current capability. The SPEEDIA service is hosted at SPEEDUS.COM's Network Operation Center.
SPEEDIA is currently in a beta test with subscribers. SPEEDIA subscribers can select among many communication devices to receive their service. These devices include existing digital cellular phones, pagers, fax machines, voice and e-mail, wireless Palm Pilots and other HTML-enabled Personal Data Assistants (PDAs), standard Web browsers and WAP browser-equipped cellular phones. These devices give SPEEDIA'S subscribers tremendous flexibility in receiving their requested information. The SPEEDIA service is optimized for each device in terms of display and sound capabilities.
SPEEDIA's strategy is to co-brand its service with information content, computing, software and telecommunications companies, as well as hardware suppliers. Additionally, SPEEDIA will integrate with existing corporate computer systems to provide access to corporate information.
For additional information on SPEEDIA and its services, please visit the SPEEDIA Web site at www.speedia.com or call 888-SPEEDIA (888-773-3342), extension 1.
Founded in 1992, Transaction Information Systems (TIS) is an e-business solutions integrator specializing in delivering Internet-based applications that help corporations increase sales and improve customer service. TIS focuses on e-business strategy, solutions development, creative content and e- marketing, and placement of highly-qualified technology specialists. For the past four years, TIS has been rated by Inc. magazine as one of the fastest- growing private companies in the United States. The company has more than 750 employees and offices in New York, NY; Los Angeles, CA; San Francisco, CA; Chicago, IL; Boston, MA; Washington, D.C.; Iselin, NJ; Charlotte, NC; Philadelphia, PA; and Dallas, TX. For more information, please visit www.tisny.com.
SPEEDUS.COM is a facilities-based super high-speed Internet Service Provider. The Company is limiting the marketing of its Internet service under the SPEED service mark to its initial subscribers as part of the SPEED service pilot program. SPEED is delivered via 14 fully functional Internet Broadcast Stations in operation under SPEEDUS.COM's FCC license covering Metro New York. SPEED subscribers are able to browse the Web using the Company's SPEED modem capable of downstream speeds of up to 48 Mbps, which is 31 times faster than a full T1 line. The SPEED modems are only available from the Company for $350, which along with the $150 installation cost can now be financed for up to 3 years.
SPEEDUS.COM operates a Network Operation Center (``NOC') in the Brooklyn Army Terminal. The NOC contains a data center with a Linux-based Internet gateway transmitter and a teleport facility with satellite down links and fiber optic backbone. SPEEDUS.COM's NOC hardware and software, and customer premise equipment and software, give its Internet network the unique ability to ``multi-cast' and ``stream' high-quality full screen full motion video and CD-quality audio to its subscribers. SPEEDUS.COM also provides standard direct dial-up and ISDN service with web hosting, e-mail and value-added Internet services. The Company's signal is currently not available at all locations in its license area. Increased signal coverage through additional Internet Broadcast Stations is crucial to widespread availability of the SPEED service. However, SPEEDUS.COM believes that where its signal penetrates, the Company offers small businesses and residential customers the lowest-cost, highest downstream speed Internet access available.
For additional information on the Company and its services, please visit the Company's website at www.speedus.com or call 718-567-4300.
Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward- looking statements made by the Company's sales, marketing and support efforts.
All rights reserved. SPEEDUS.COM(SM) and SPEED(SM) are service marks of SPEEDUS.COM, INC.
SOURCE: SPEEDUS.COM, INC.
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