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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (57990)	1/6/2000 1:29:00 PM
From: Jerry S.	Respond to of 108040

IFCI up nicely, lots of room to grow. NEWS: International FiberCom Awarded Additional $20 Million Contract by PF.Net to Engineer and Install Second Fiber Run in the Southwestern United States Total Engineering Services, Network Installation For PF.Net Now Expected to Exceed $52 Million PHOENIX--(BUSINESS WIRE)--Jan. 6, 2000-- International FiberCom Inc. (Nasdaq:IFCI - news) Thursday announced that its Sacramento, Calif.-based All Star Telecom subsidiary, a part of IFCI's Infrastructure Development Division, has been awarded an additional design-build contract with a value in excess of $20 million by Washougal, Wash.-based PF.Net for the engineering and installation of a second segment of a fiber optic network in the southwestern United States. This project is in addition to the $32 million contract with PF.Net announced last month, bringing the total contract awards to-date from PF.Net to more than $52 million. Engineering for both projects has commenced, with network installation for the $32 million segment expected to begin this month and network installation for the $20 million segment expected to begin in February. IFCI Chairman & CEO Joseph P. Kealy commented, ``This is another confirmation of our shift to larger, longer-term contracts with major broadband network and telecommunications companies. This additional contract with PF.Net is a strong vote of confidence by a major fiber optic communications infrastructure provider in our ability to provide large-scale, turn-key, broadband, network development solutions.' PF.Net is constructing ``The Network to the Net' -- a nationwide IP-based, fiber optic network, which will connect to national access points and more than 70 cities, including the five largest telecommunications markets in the United States.