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Technology Stocks : HSNS- The next Real Networks -- Ignore unavailable to you. Want to Upgrade?

To: jjs64 who wrote (229)	5/19/2000 1:12:00 PM
From: StockDung	Respond to of 232

High Speed Resumes Trading on OTCBB RALEIGH, N.C., May 19 /PRNewswire/ -- High Speed Net Solutions (OTC Bulletin Board: HSNSE), a leading provider of rich media email and content delivery, announced that the SEC has granted its motion for an interim stay of NASD's delisting of High Speed's stock from the OTCBB and will resume trading as of today. High Speed will trade today on the OTCBB under the stock symbol HSNS, however, on Monday, May 22, the OTCBB symbol will change to HSNSE, pending completion of the SEC review of its 8-K filing. High Speed filed the request for a stay on May 18th, after it was notified by the SEC of its intentions to review High Speed's Form 8-K filing. The Form 8-K was filed pursuant to High Speed's merger with JSJ Capital, an Exchange Act reporting corporation. As a result of the SEC's decision to review the Form 8-K, the NASD delisted High Speed from the OTCBB. "We are pleased with the SEC's decision to grant our request for a stay of delisting," said Andrew Fox, Acting CEO and President of High Speed Net Solutions. "High Speed management's number one concern is the creation and maintenance of shareholder value and today's action is a necessary step in that direction. We feel confident that we will receive SEC approval of our 8-K and be in full compliance with reporting company requirements." About High Speed Net Solutions High Speed Net Solutions is a leading service provider enabling companies to conduct online rich media advertising direct marketing campaigns targeting specific customer demographics through applications such as email. High Speed's Rich Media Direct(SM) service leverages Summus Ltd's superior Dynamic Wavelet(TM) compression and video email technologies. High Speed is located in Raleigh, North Carolina. More information on High Speed can be found at www.hsns.com . The statements contained in this release contains forward-looking statements relating to such matters as, SEC reporting status and continued OTC Bulletin Board listing and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the company notes that a variety of factors could cause the company's actual results to differ materially from the anticipated results of other expenditures expressed in the Company's forward-looking statements. For more information please contact Colby Sambrotto at Vision Corporate Consulting - 212-509-4565, colby@visioncc.net SOURCE High Speed Net Solutions CO: High Speed Net Solutions ST: North Carolina IN: CPR MLM SU: 05/19/2000 10:10 EDT prnewswire.com