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Technology Stocks : WRDP Worldport - - - opens the port to the world. -- Ignore unavailable to you. Want to Upgrade?

To: sejookim who wrote (74)	11/25/1999 12:24:00 AM
From: SusieQ	Read Replies (1) \| Respond to of 82

Not the guru of this thread <ggg> found this interesting article about ENGSY :) U.K.'s Energis 1st half loss more than halved Company's Internet revenue soars By Gareth Vaughan, CBS MarketWatch Last Update: 11:40 AM ET Nov 23, 1999 NewsWatch LONDON (CBS.MW) -- Energis PLC, a British telecom group that serves business customers, said Tuesday its operating loss for the six months to Sep. 30 more than halved as revenue was boosted by growing Internet and data traffic. Today on CBS MarketWatch Nasdaq closes at record high AT&T mulling tracking stocks Pfizer takes aim at Warner-Lambert over Lipitor Investors feast on Net sector IPOs: Met Life makes plans More top stories... CBS MarketWatch Columns Updated: 11/24/99 3:57:28 PM ET Energis' operating loss fell to $7.3 million (4.5 million pounds) from $17 million (10.5 million pounds) in the same period of 1998. Losses per share declined to 6 pence from 11 pence. "Energis' business continues to grow strongly and we shall continue seeking strategic acquisitions and partnerships to increase the pace of our growth," Energis' chief executive, Mike Grabiner, said in a statement. In London trading, Energis (ENGSY: news, msgs) shares advanced 134 pence, or 5.7 percent, to 2469. The U.K. group has been busy on the acquisition front recently as it moves to extend its presence into continental Europe. Earlier this month Energis paid 352 million pounds for the Dutch telco EnerTel and forked out 60 million pounds for Unisource Carrier Services in September. Unisource is a European network operator which connects 13 business centers across 11 countries. Internet revenue jumps Energis' revenue climbed 67 percent to 202.8 million pounds from 121.74 million pounds. Ebitda (earnings before interest, tax, depreciation and amortization) almost doubled to 37.9 million pounds from 19.4 million pounds. The U.K. group, which provides the backbone network for Freeserve PLC (FREE: news, msgs) Britain's biggest Internet service provider in terms of subscriber numbers, said its revenue from Internet and related services ascended 163 percent to 69.3 million pounds from 26.4 million pounds. In the U.K., Energis said it plans to add five metropolitan area networks which it will build and wholly own, and an additional 45 network break-out points by the end of the current financial year. *One pound equals $1.6213 based on late London prices Monday. Gareth Vaughan is a reporter for CBS MarketWatch in London

To: sejookim who wrote (74)	9/15/2000 12:37:28 PM
From: Skywatcher	Respond to of 82

WorldPort Communications Acquires VIS-Able International AB Purchase Extends WorldPort's Professional Services and Hosting Operations BUFFALO GROVE, Ill.--(BUSINESS WIRE)--Sept. 15, 2000--Internet solutions provider WorldPort Communications Inc. (OTCBB: WRDP - news) today announced the acquisition of Sweden based VIS-Able International AB for approximately US$ 18 million in cash. VIS-Able is a leading professional services firm, specializing in complex systems development, consulting, WAP integration and Web hosting. With 61 professionals located in eight offices throughout Sweden, the U.S. and the UK, the VIS-Able acquisition gives WorldPort access to more than 3,500 customers, an additional fully operational data centre, expanded European reach and added Internet consulting and application design and development expertise. ``We are excited by what the addition of VIS-Able means to WorldPort's growing business,'' said Michael E. Heisley, Chief Executive Officer for WorldPort. ``VIS-Able significantly expands our geographic reach within Europe, provides us with a strong customer base, a pool of talented consultants, and an important sales channel for developing the complex Internet solutions market throughout Europe. Together this strengthens our position and gives us a greater range of services, which in turn will enable us to meet the growing needs of U.S. and European companies. Most importantly, it brings us one step closer to realizing our goal of becoming the leading provider of Internet solutions in Europe.'' VIS-Able's professional service customers include European leaders such as Ericsson, Volvo, ABB and IBM. Among the company's hosting clients, which comprise some of Europe's largest and most sophisticated customers, are Bonnier, Sweden's leading media group, E-Trade and Skanska, one the world's largest construction companies. ``VIS-able is thrilled to join WorldPort's expanding team,'' said Gunnar Nilsson, Managing Director of Vis-Able International. ``The combination of professional services and hosting established by the acquisition is unprecedented in Europe and creates an expanded and scalable product mix designed to meet and exceed the evolving market needs of today's customers. We are looking forward to helping WorldPort become a leading Internet solutions provider.'' In addition to customer access, the acquisition provides WorldPort with an operational data centre in Sweden. This strategically located centre will be fully integrated with WorldPort's flagship Dublin SuperCentre, which is scheduled to open in early October. This extends WorldPort's reach across Europe and gives them an early foothold in the Swedish market, identified recently by Newsweek as one of Europe's most developed and savvy Internet markets. Internet penetration currently reaches 55 percent of Swedish households, the highest in Europe (Source: Eurostat). In addition, Forrester predicts that Scandinavia will have the highest broadband penetration levels in Europe by 2005, creating a demand for complex Internet content. The acquisition of VIS-Able means that WorldPort is poised to take advantage of this emerging opportunity. VIS-Able offers customers a complete portfolio of services ranging from consulting and complex systems development to web hosting. VIS-Able has developed a suite of data warehousing, e-commerce, and intranet/extranet applications, which are delivered using a standardized consulting approach. By packaging its software applications with well-defined consulting practices, VIS-Able is able to offer customers complete solutions faster and more cost-effectively than traditional consulting firms. Additionally, VIS-Able is a certified Microsoft Solution Provider and will bring a team of certified Microsoft and Oracle professionals to WorldPort. Arthur Andersen Corporate Finance served as advisor to the transaction for WorldPort and Booz Allen Hamilton and Catella Corporate Finance for VIS-Able. chris