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Technology Stocks : Preferred Networks (NASDAQ:PFNT) -- Ignore unavailable to you. Want to Upgrade?

To: majaman1978 who wrote (40)	1/24/2000 8:27:00 AM
From: Gerald Merna	Read Replies (2) \| Respond to of 107

(PR NEWSWIRE) PNI's Networks Receive Messaging Traffic Over the Internet PNI's Networks Receive Messaging Traffic Over the Internet ATLANTA, Jan. 24 /PRNewswire/ -- Preferred Networks, Inc. (PNI) (OTC Bulletin Board: PFNT), a leading outsourcing services provider to the wireless industry, today reported that PNI Access Services, a division of Preferred Networks, Inc. has begun to receive paging traffic over the Internet from its Direct Access network customers. PNI announced last week that it has begun shipments of its new iTerminal(TM) products, the first in a suite of products that incorporates certain features of PNI's patented Platform1(TM) high-speed switching modules. PNI's iTerminal(TM) product allows operators to provide paging, voice messaging and email notification from a standard PC-based chassis, whereby the actual messaging traffic is passed over the Internet. With the first iTerminal(TM) units now in operation by its customers, PNI has begun to receive and process paging traffic over the Internet. By embedding the paging data (TNPP) packet within Internet protocol packets, traffic is transported over the Internet, eliminating costly landline telephone circuits between Direct Access customers and PNI's paging networks. Mark Dunaway, CEO of PNI, said, "We are very excited that we have customers that are now utilizing this technology in a live environment and are serving their subscribers with an iTerminal." Dunaway added, "The lowering of operational costs is paramount in today's wireless arena. The ability to pass traffic over the Internet eliminates the need for costly leased lines that have prevented many companies from either entering the wireless services marketplace or expanding to remote locations. We believe our switch-based products are well positioned to facilitate a shift toward integrating mobile wireless data with the Internet." Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides outsourcing solutions to the wireless industry, which allow companies to offer branded wireless services directly to subscribers, while relying on PNI to provide high-quality network services and technology gateway products. PNI offers its services through its PNI Access Services Divisionsm. PNI's address on the World Wide Web is: pni.net . Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, such as those concerning future financial performance and growth, are forward-looking statements that are subject to risks and uncertainties, including those identified in the Company's 1998 Annual Report on Form 10-K and Quarterly 10-Q filings, and actual results could differ materially from those anticipated in the forwarding-looking statements. In particular, statements relating to the competitive position and performance of Platform1(TM) and iTerminal(TM) and their expected performance in the market place are forward-looking statements that are subject to risks and uncertainties. The Company operates in a highly competitive marketplace and new product developments by competitors can occur at any time, thereby diminishing the attractiveness of the Company's products. Also, there can be no assurance that the marketplace will find the price and functionality of the Company's products attractive, which also can adversely affect product sales. SOURCE Preferred Networks, Inc. -0- 01/24/2000 /CONTACT: Kathryn Loev Putnam, Senior Vice President and Chief Financial Officer of Preferred Networks, Inc., 770-582-3507/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 109794/ /Web site: pni.net (PFNT) CO: Preferred Networks, Inc.; PNI Access Services ST: Georgia IN: CPR MLM TLS SU: * end of story *