To: cyrusman who wrote (5 ) 10/22/1999 8:31:00 AM From: David Michaud Respond to of 59
Alantra and TRG Systems to jointly operate Vancouver Teleport Alantra Venture Corp AVB Shares issued 3,635,841 1999-07-08 close $0.6 Thursday Jul 8 1999 Mr. John McCleery reports Further to company news in Stockwatch, June 17, 1999, pursuant to which the company entered into a letter of intent with TRG Systems Ltd., the company has entered into a formal agreement with TRG to jointly operate Vancouver Teleport Ltd. Teleport is the owner and operator of the new satellite communications network (VIPSatNet). As part of the agreement, Alantra will finance development costs of the joint project on behalf of Teleport, and TRG will provide technical management, services and expertise to Teleport. VIPSatNet is a system which provides broadband Internet-based satellite communications to remote communities and businesses which uses the latest Internet technologies, to combine Internet, Voice (VoIP), long distance, Videoconferencing, and private data communications. The use of broadband satellite services enables VIPSatNet to deliver service around the world, quickly, effectively and profitably. VIPSatNet's revolutionary use of these leading edge technologies allows low cost and reliable delivery of services to remote communities and/or business locations which would not normally have access to modern telecommunications services. VIPSatNet will be the gateway for millions of people demanding access to the information highway and solid telecommunications. In developing the VIPSatNet, Teleport has created a unique combination of advanced technologies. We believe this system is first in the world to combine and use these technologies in a satellite communications application. Teleport is quickly responding to the overwhelming demand for this communications solution from provincial and federal government agencies as well as large corporations.