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.

Pastimes : Surf, Turf, Stocks & Jocks..........Jane's World -- Ignore unavailable to you. Want to Upgrade?

To: Rick McDougall who wrote (182)	12/23/1999 10:23:00 AM
From: johnsto1	Respond to of 248

NTRX IS BECOMING SI FAVORITE//UP GRADE TO $35 TUES & TODAY: N(X) NETWORKS 3000 SERIES WINS BEST OF SHOW AT CTI EXPO '99 - NEW FLAGSHIP PRODUCT DELIVERS SECURE SOLUTION FOR INTERNET TELEPHONY (IT) and Data - PR NEWSWIRE - December 23, 1999 08:30 HERNDON, Va., and WESTBORO, Mass., Dec 23, 1999 /PRNewswire via COMTEX/ -- N(x) Networks (Nasdaq: NTRX) the new leader in secure Internet telephony and Virtual Private Networking (VPN), today announced that the editorial staff of Internet Telephony, Communications Solutions and C@ll Center CRM Solutions magazines named the N(x) 3000 Series Best of Show at CTI EXPO Fall '99. N(x) Networks Chairman and Chief Executive Officer Steven T. Francesco remarked, "To say that the 3000 Series has been well received is an understatement. The CTI Best of Show Award confirms, once again, that the N(x) aim of delivering a single end-to-end solution for secure voice and data communications is exactly on the mark. We are confident that this product will not only meet demand for secure Internet Telephony but define it as well." Bryan R. Holley, N(x) Networks President and Chief Operating Officer added, "It is now clear that our initial product in this marketplace absolutely hit the bullseye -- the convergence of secure voice and data -- in corporate enterprises. According to a recent study by International Data Corporation, the IP telephony services market was $1.08 billion for 1998 and is expected to grow to $23 billion by 2003. That's an average annual growth of 426 percent over the next five years and that is where N(x) Networks plans to be." In selecting the 3000 Series editors met with vendors and evaluated all new products, noting the very best of CTI EXPO '99. Judging was based on overall contributions to the CTI and Internet telephony industries, with an emphasis on technologic innovation and product feature sets. N(x) Networks 3000 Series is a modular Voice over Virtual Private Network (VoVPN) Gateway Router designed to provide companies with all the benefits of convergence with Internet security. This combined voice gateway and data router works over virtually any network and provides totally secure voice and data using industry standards such as IPSec and H.323. About N(x) Networks N(x) Networks combines two leaders in Internet Telephony and Virtual Private Networking (VPN) technology, NETRIX Corporation and OpenROUTE Networks, Inc. N(x) Networks corporate headquarters are located in Herndon, Virginia and Westboro, Massachusetts. Additional information can be found on the company's web site at www.nxnetworks.com. Safe Harbor Statement This press release contains forward-looking statements that involve a number of risks and uncertainties, including references to the success of new products and the transition between the sale of old products and the sale of new products. Readers are cautioned that all forward-looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, the manufacturing of products, the need for capital, dependence on third parties for manufacturing, components and products, general economic conditions in the United States and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE N(x) Networks (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Tony Morris, tmorris@nxnetworks.com or Dick Sterry, dsterry@nxnetworks.com, 703-742-6000, both of N(x) Networks; Renee Randall, rrandall@stratageminc.com, or Brian Koma, bkoma@stratageminc.com, 703-591-6400, both for N(x) Networks; or for Investor Relations: Steve Chizzik of Equity Communications, 888-530-7051 or chizz1@home.com WEB PAGE: nxnetworks.com GEOGRAPHY: Virginia Massachusetts INDUSTRY CODE: MLM SUBJECT CODE: TDS PDT News provided