someone here is watching mfnx... here is some news... and mm thanks again for your thoughts on cnqr yesterday... did not hold the high for the day, so did not buy yet... down just a bit this am, but still watching real close for a good entry point..
kathy :)
Tuesday October 12, 9:35 am Eastern Time
Company Press Release
SOURCE: PeopleWeb Communications, Inc.
PeopleWeb Launches Business-to-Business Internet Services Division
Internet Site Partners With AboveNet to Provide Turn-Key Applications to Allow Content Providers, ISPs and E-Commerce Sites to Cost-Effectively Create Interactive Web Communities
SAN JOSE, Calif., Oct. 12 /PRNewswire/ -- PeopleWeb Communications, Inc.® (www.peopleweb.com), one of the fastest-growing providers of consumer-oriented online communities and channels, today announced the launch of its business-to-business services division, and the division's first product: Interactive Communities. The launch of the division marks PeopleWeb's entry into the Application Service Provider (ASP) market.
Interconnectivity will be provided by San Jose-based AboveNet Communications Inc., a unit of Metromedia Fiber Network, Inc. (Nasdaq: MFNX - news), which has entered into a partnership with PeopleWeb to bring Interactive Communities to the market place.
The Interactive Communities product is a suite of turnkey, customizable solutions that let content providers, Internet service providers (ISPs) and e-commerce sites enhance advertising revenue, increase site traffic, boost membership and create loyal communities. These solutions allow clients to outsource an entire interactive community, or selectively outsource certain aspects and functions. Among the services offered is web-based email, instant messaging, private and public chat, search engine and Web publishing.
''In launching the Business-to-Business division, we are enabling businesses to leverage our consumer media expertise and state-of-the-art Internet technology to rapidly and cost-effectively increase site traffic and stickiness, ad revenue and overall profitability,'' said Raj Matthew, chief financial officer and chief operating officer of PeopleWeb Communications.
''Our entry into the rapidly-growing Application Service Provider (ASP) category marks the next logical step in the company's growth,'' said Dr. Benedict Van, founder and chief executive officer of PeopleWeb Communications.
''The strategic partnerships we have established -- such as those with AboveNet -- will enable PeopleWeb to garner revenue from both the consumer portal segment and the application services market segment,'' continued Van.
About Interactive Communities
The proprietary technology behind the Interactive Communities product is designed to enable companies to ''Build as You Go, Expand as You Need''. The product is extremely scaleable, robust and proven. Operation is highly reliable and security standards follow industry ''best practices,'' with multi-level defense, 24 X 7 monitoring, hardware firewalls, double-blind encryption standards and rigorous data and file partitioning.
Product features include Web-based email, instant messaging and chat, notepad color and layout customization, Web search engine, Web folder, address book, Web-based bookmark, homepage builder and advanced Web publishing.
About PeopleWeb's Business-to-Business Services Division PeopleWeb's Business-to-Business Services division is the first and only entity to provide a complete suite of state-of-the-art, customizable web-based infrastructure services that let online businesses Build as they Go, Expand as you Need. In establishing the division, PeopleWeb applies its extensive experience in building online, interactive community sites and proprietary technology to offer turnkey solutions that enable online businesses to rapidly and cost-effectively strengthen, customize and outsource such mission-critical functions as email, instant messaging, chat, search engine, address book and storage. The PeopleWeb Business-to-Business Services division holds a strategic partnership with AboveNet Communications, a leading Web hosting and Internet connectivity provider.
About AboveNet and Metromedia Fiber Network
Metromedia Fiber Network, Inc. recently acquired AboveNet Communications Inc., the architect of the global one-hop network and a leading provider of Internet connectivity and co-location solutions for high-bandwidth and business critical applications. The combined company will facilitate the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scaleable optical networks to Internet content and service providers, carriers and enterprise users, worldwide. For more information call 800-475-2733 or visit the company's Web site at www.above.net. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com.
About PeopleWeb Communications, Inc.
PeopleWeb Communications, Inc. is a privately held Internet media company located in San Jose, Calif. The company's network of communities, Web navigation assistants, communication tools and productivity aids provide Internet users with a social, intuitive environment which enables powerful community building on and use of the Internet for education, entertainment, productivity and purchasing. PeopleWeb envisions a time when everyone will be connected as: One World, One Web. For more information, visit PeopleWeb at www.peopleweb.com.
NOTE: 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. PeopleWeb and PeopleWeb: One World, One Web are registered trademarks and servicemarks of PeopleWeb Communications, Inc.
SOURCE: PeopleWeb Communications, Inc.
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More Quotes and News: Metromedia Fiber Network Inc (NasdaqNM:MFNX - news)
Related News Categories: internet, telecom
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