<<But still, it will be fascinating to watch how long it takes main stream press outlets to publish the actual facts instead of yesterday's misleading hype. This is Bre-X all over again!>>
Hey Kis, XLA is a better scam than Bre-X. Do you know why?
Retailers are still buying it. I shorted that scam @95, and I wish I hadn't BTC @ around 45. But I had no option, because this is what XLA sent out on news wires to end their stock from getting slaughtered.
<<GRAND CAYMAN, British West Indies--(BUSINESS WIRE)--Nov 11, 1999-- Xcelera.com (AMEX:XLA) today announced a $10 million investment from VBI Corporation, its majority shareholder.
These additional funds are committed to the expansion of its subsidiary Mirror Image Internet's global network of highly scalable Content Access Points(TM) (CAPs) that enhance Internet content delivery speeds to end-users worldwide.
"This investment allows us to accelerate our expansion and satisfy the demands in the market place for our unique services," said David Wu, President of Mirror Image. "We are showing progress on every front, expanding in new regions, with new service offerings, working with strong partners. Our Frankfurt CAP alone is serving hundreds of millions requests this month for only one of our services to ISPs and corporations, proving the value of our patented technology in the market place."
Mirror Image recently announced deployment of their new high-end Content Access Points in 28 major Internet regions on five continents to speed up Web access for its customers, including Internet Content Providers, Service Providers and enterprises. These server clusters are capable of delivering 75 percent of customers' Internet traffic up to ten times faster than traditional traffic flow. This network build-out will extend the capabilities of the Mirror Image CAPs already deployed in London, Frankfurt, St. Louis, MI and Washington, DC. The expansion of the network provides MI with the ability to provide many more customer and partner relationships.
About Mirror Image
Mirror Image Internet, Inc. eliminates the "world wide wait" by providing content distribution services that speed Internet traffic and improve quality of service for Internet Content Providers, Service Providers and corporations. By deploying an open network of highly scalable Content Access Points(TM) at key Internet exchange points around the world, Mirror Image adds a new, high-speed, infrastructure layer on top of the Internet. This global network stores content closer to the end user and powers Mirror Image's family of instaDelivery(SM) Internet Services. With direct cross connectivity into the Internet infrastructure, Mirror Image provides the fast delivery of 75% of Internet traffic to millions of end users worldwide
-- at rates of up to ten times faster than traditional traffic flow.
Owned by Xcelera.com, Inc. (AMEX:XLA), Mirror Image Internet serves customers worldwide through headquarters in Woburn, Mass. and European regional operational centers in London and Frankfurt. For additional information, visit Mirror Image Internet on the Web at www.mirror-image.com.
About Xcelera.com
Xcelera.com Inc., formerly The Scandinavia Company, Inc., is traded on the American Stock Exchange under the symbol "XLA". Xcelera.com also has various other holdings including hotels, real estate, deo.com, MNW Records Group and investments. For additional information, visit Xcelera.com on the Web at www.xcelera.com.
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that Mirror Image Internet, Inc. is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects and corporate restructurings, changing governmental regulations and other risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Mirror Image Internet, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. >> |
