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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: Scott A. Trapp who wrote (1026)	11/29/1999 11:16:00 AM
From: Scott A. Trapp	Read Replies (1) \| Respond to of 1058

MegaWorld Launches Internet & Data Services with Level 3 Communications; Co-Location Facilities in Northern New Jersey and New York City November 29, 1999 10:44 AM HOUSTON--(BUSINESS WIRE)--Nov. 29, 1999--MegaWorld Inc. MEGW , an integrated service provider (ISP, NAP, & ASP), today announced it has concluded a contract with Level 3 Communications (Level 3) for Nationwide Co-Location Gateway facilities and broadband Internet Services. MegaWorld is offering services to their customers starting December 1, 1999. The services enable ISPs and telecommunication service providers to be directly supported with managed co-location, Internet Access, Web Hosting, and data networking solutions for their networks and their customers. Under terms of the contract, Level 3 will provide network gateway services and MegaWorld will supply the equipment and systems necessary to support Internet access, VoIP (voice over the Internet), unified messaging, and data network solutions. The initial annual volume is projected to exceed $2.5 million. "MegaWorld's data centers combined with Level 3's network offer a full range of Internet access, data and voice networking solutions at very competitive pricing levels," said George Dinsdale, president of MegaWorld's Communication Division. These new services will enable ISPs to increase their Internet services while reducing their Internet Access expenditures. Telecommunication providers can use these services to transfer data and Internet access lines from valuable telecommunication switches to lower costs and improve voice, data and Internet access solutions. MegaWorld's Co-Location facilities are equipped with Ariel's "POP Architecture" for Internet Access with SS7 Signaling Gateways. With business partners like Level 3 and Ariel, MegaWorld will continue to be an innovator in the network service provider market creating new cost-effective services for telcos and Next Generation Services on a global basis. About MegaWorld MegaWorld is an integrated service provider offering Co-Location and other services for ISPs, Next Generation Telcos, Internet Access, Switched Voice and VoIP (Domestic and International), Fax, Messaging, International Private Line, Web Hosting, On-Line Data Storage, and E-commerce solutions More on Level 3 Level 3 is a provider of international and domestic IP networks. Their network is IP based and is comprised of their own fiber optic facilities and leased lines from other major carriers. In the USA they have facilities in 50 major metropolitan cities. Current Company valuation is in excess of $25 billion. NOTE: Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements invite risks and uncertainties, including without limitation, continued profitability of the company, increased levels of competition for the company, and other risks. CONTACT: MegaWorld, Houston Ann Krueger, 713/462-6906