Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : WV-VSE WAVVE.COM -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (20)	11/22/1999 6:08:00 PM
From: New Economy	Read Replies (1) \| Respond to of 169

Wavve begins servicing Amalganet contract Wavve Telecommunications Inc WV Shares issued 60,447,494 1999-11-19 close $1.52 Monday Nov 22 1999 Mr. Andrew Kaplan reports Wavve, which in October opened the doors of its first co-location facility, in Sacramento, has begun servicing its previously announced Amalganet contract, which has the potential to provide Wavve with monthly revenues in excess of $875,000 (U.S.) within one year; Wavve recently billed its first users under that contract. Wavve continues to sign up new contracts; in recent days, Wavve has entered into three new contracts, one to provide virtual Internet services and the other two for provision of co-location space. The agreement for virtual Internet services is expected to provide estimated monthly revenues of $65,000 (U.S.) within seven months. Bob Ingraham, president and chief operating officer of Wavve, said: "The execution of these new contracts represents an important step for the company. These types of contracts are the foundation upon which the company will be built." Mr. Ingraham also said: "Wavve plans to ultimately establish co-location centres in up to 43 cities in the USA and expand into Europe, possibly through a separate vehicle. European expansion plans have been accelerated due to the high demand for and expected growth of Internet data services abroad. In the USA, Wavve will soon establish its second co-location centre in Portland, Ore., which it expects will be operational in the first quarter of 2000." The sales force is complete in Sacramento and is aggressively establishing Wavve's presence both locally and out of state. An authorized agent channel has been created and engagement contracts have been developed. Wavve expects to engage four Northern California sales agents within the next 30 days. R. Dean Matthews, Wavve's director for business development, said: "We are delighted by the interest we have generated within the independent agent community. Not only will this channel rapidly expand the sales force, it affords us the opportunity to gain exposure and attract business from adjacent markets where we do not have a direct sales force." Wavve has also solidified its nationwide private-labelling sales initiative and has begun to introduce the concept nationally. The initiative makes available to telecommunications carriers and similar industries the ability to private label Wavve's data centres and e-commerce applications for down stream sale to its own customers. Greg Miller, vice-president of sales and marketing, said, "By private labelling Wavve's data centres and e-commerce applications, traditional communications companies can enhance their competitive position by offering turnkey voice and data solutions to their customers at a much lower cost and much faster time-to-market." Wavve has started discussions with two major competitive local exchange carriers (CLECs) concerning this type of partnering arrangement, whereby Wavve would provide co-location space, management and other services to the CLEC in selected cities throughout the United States in exchange for the CLECs agreement to occupy a guaranteed percentage of space in each co-location facility established by Wavve pursuant to the agreement. These potential agreements, although at the discussion stage only, if executed would have the potential to advance the timing of Wavve's expansion throughout the USA.