To: CoffeePot who wrote (121 ) 11/3/1999 10:30:00 AM From: Francois Goelo Read Replies (1) | Respond to of 147
S.W, MRTO: MerchantOnline.com Signs Two-Year Agreement with Level 3 Communications -- Colocation Deal Boosts Reliability, Speed and Security -- BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 3, 1999-- MerchantOnline.com Inc. (OTCBB:MRTO), a leader in providing one-stop solutions for merchants who set up shop on the Internet, announced Wednesday it has signed a two-year colocation contract to have Level 3 Communications (Nasdaq:LVLT) provide enhanced monitoring of MerchantOnline.com's payment processing servers. The result is expected to boost reliability and redundancy, increase speed and enhance security. "Merchants rely on the services MerchantOnline.com provides, so it is essential that credit card transactions be delivered as quickly and reliably as possible, 24 hours a day," said MerchantOnline.com President and CEO Tarek Kirschen. "Our relationship with Level 3 is important as we continue to expand our network and negotiate with larger accounts. It means we can continue to ensure the highest level of customer satisfaction as we grow." Founded in December 1997, MerchantOnline.com is a global leader in providing one-stop solutions for merchants who want to set up and maintain stores on the Internet -- the world's fastest growing marketplace. MerchantOnline.com provides businesses with real-time credit card processing, shopping cart services, online checking transactions and secure hosting services at prices unmatched in the industry. MerchantOnline.com's most recent product, MOLpay(TM), is a revolutionary software and hardware package that, for the first time, enables consumers to pay for goods online with their ATM/debit cards. Level 3 is the leader in the booming colocation services market. With more than 3 million square feet of technical space secured around the world -- more than any other communications company -- it is one of the largest and fastest-growing communications and information service providers. Level 3 facilities are services by multiple, diversely routed connections for highly redundant connectivity. Level 3 is building the first international network optimized for Internet Protocol technology, using local, long distance and undersea networks to connect customers end-to-end across the U.S. and in Europe and Asia. Earlier this month, Level 3 announced America Online (NYSE:AOL) as a new client. Kirschen noted that the use of colocation services like those provided by Level 3 is becoming standard among e-commerce industry leaders such as America Online (NYSE:AOL), Applied Materials (Nasdaq:AMAT), Double Click (Nasdaq:DCLK), Ebay (Nasdaq:EBAY), Sun Microsystems (Nasdaq:SUNW), EIDOS interactive (Nasdaq:EIDSY), Inktomi (Nasdaq:INKT), Lycos (Nasdaq:LCOS), Macromedia (Nasdaq:MACR), Petsmart (Nasdaq:PETM), Siebel Systems (Nasdaq:SEBL) and Yahoo (Nasdaq:YHOO). Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports to the Securities and Exchange Commission. For more information, visit www.MerchantOnline.com. --30--law/mi* CONTACT: MerchantOnline.com, Boca Raton News Media Contacts: Elaine Fitzgerald or John Massey, 954/345-5342 or Investor Relations: Kevin Spencer, 561/997-5828