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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (21440)	2/9/2000 8:00:00 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

PCOM may rock today: Tuesday February 8, 3:19 pm Eastern Time Company Press Release SOURCE: Pointe Communications Corporation Pointe Communication's TeleCommute Solutions Subsidiary Secures $19 Million in New Venture Financing From Leading Technology Investors; Investment Syndicate Led by MCI WorldCom Venture Fund With Additional Investments From Columbia Capital, Boston Millenia Partners and HIG Capital ATLANTA, Feb. 8 /PRNewswire/ -- Pointe Communications Corporation (OTC Bulletin Board: PCOM - news), (PointeCom(TM)), an integrated communications provider for the Americas, today announced that its TeleCommute Solutions (TCS) subsidiary, a leading provider of workforce connectivity services, has closed its latest round of venture financing. The $19 million round was led by MCI WorldCom Venture Fund with additional investments from Columbia Capital, Boston Millennia Partners and HIG Capital. Robinson-Humphrey acted as the placement agent. ``We are pleased to announce the addition of this top-flight group of strategic investors to the TCS team,' said Stephen L. Schilling, president and CEO of TeleCommute Solutions. ``This round of funding provides fundamental validation that the market is enthusiastic about our comprehensive approach to remote work and telecommuting. The depth of experience and resources this new group of investors bring to TCS will allow us to greatly accelerate our national expansion.' TeleCommute Solutions' bundle of workforce connectivity services -- including its managed VPN services, intelligent voice solutions and support services -- are now available to enterprise customers in 10 markets around the country. This round of financing will assist TCS in its national expansion plans, which include providing flat-rate local network connectivity in over 50 markets by the end of April and broader local dial in over 200 markets by the end of the year. ``Telecommute Solutions' strong management team and impressive insight into this emerging market is what attracted us,' said Jim Fleming, managing director for Columbia Capital. ``While most telecom companies today are focused on a specific technology or stand alone product offering, TCS has created a bundled service offering that truly addresses a specific need of corporate America. We believe TCS to be the prototype for a new breed of application-focused service providers.' Pointe Communications President and Chief Operating Officer Peter C. Alexander said, ``As one of the leaders in developing state-of-the-art platforms for remote workforces, this new funding positions TeleCommute Solutions to significantly expand its presence in the telecommuting marketplace. PointeCom continues to demonstrate its product diversity, as the company is also an active competitive local exchange carrier ('CLEC``) targeting domestic and international Hispanic communities, and a broad-based provider of communications services for businesses throughout the U.S. and Latin America.' About Pointe Communications Pointe Communications Corporation (www.pointecom.net, contact rames@pointecom.net ), operating under its brand name PointeCom, provides a wide array of telecommunications and network services, including CLEC operations, long distance, data, Internet, prepaid calling cards, carrier wholesale, international private line and telecommuting services. On January 4, 2000 Pointe Communications and Telscape International Inc. (Nasdaq: TSCP - news) jointly announced a definitive agreement to merge. PointeCom has offices and facilities in Houston, Atlanta, Los Angeles and Miami, and throughout Latin America. About TeleCommute Solutions TeleCommute Solutions, Inc. (TCS) is an Atlanta-based network services provider that delivers turnkey workforce connectivity solutions to its clients. TCS is uniquely positioned to benefit from the accelerating global trend towards a distributed mobile workforce. At the core of TCS' business is a robust carrier-grade network that is accessible by a wide range of access vehicles and the latest virtual private network technology. The network is engineered to provide secure connectivity while meeting the demanding voice and data needs of remote and mobile workers and their corporate employers. TCS bundles this network offering with the necessary equipment, voice integration, implementation and support services required to create the TCS' core solution, which represents the industry's first end-to-end service offering designed specifically to enable large-scale remote work programs. SOURCE: Pointe Communications Corporation

To: Joe Copia who wrote (21440)	2/9/2000 9:18:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 25711

I agree Joe, and FVSNE is scheduled to lose its "E" tomorrow. FWIW - I liked the CEO a lot