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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: RobertSheldon who wrote (4806)	3/14/2000 7:43:00 AM
From: Neil H	Read Replies (1) \| Respond to of 15615

Tuesday March 14, 6:51 am Eastern Time Company Press Release Global Crossing Conferencing Acquires Geoconference Acquisition Significantly Increases European Teleconferencing Presence WESTMINSTER, Colo.--(BUSINESS WIRE)--March 14, 2000--Global Crossing Conferencing, a subsidiary of Global Crossing Ltd. (Nasdaq: GBLX - news) today announced the acquisition of European tele- conferencing services provider Geoconference. The multi-million dollar acquisition significantly bolsters the Conferencing Division's presence in the European marketplace and provides a greater breadth of services to its large international customers. ``Geoconference has what customers want -- easy to use, cutting-edge conferencing solutions coupled with unparalleled customer support,' said Global Crossing Conferencing President, Don Poulter. ``As we integrate Geoconference into the Global Crossing fold, those attributes will continue on. The Geoconference management team is truly top notch, and their commitment to customer service compliments ours. This acquisition enables us to better service our multinational customers.' ``Geoconference has been regarded as the brightest and fastest growing conferencing company in Europe since its inception, averaging more than 100 percent growth in the last two years,' said Geoconference Founder and European teleconferencing pioneer George Mackintosh. ``The success that Geoconference has achieved, combined with the experience and ability of Global Crossing Conferencing, helps create the most potent conferencing solutions provider for large multinational corporations worldwide.' Geoconference is headquartered in London, England, with a second major operations center in Glasgow, Scotland. The company has provided large European-based multinational organizations including KPMG, Royal Bank of Scotland and Glaxo Wellcome with high-quality audio, video and data conferencing solutions since its inception in 1996. Global Crossing Conferencing has a video conferencing operations center in London, in addition to full-service operation centers in Denver and Boulder, Colorado, and Montreal and Toronto, Canada.