To: Kevin Shea who wrote (22729 ) 3/29/2000 11:03:00 AM From: Trumptown Respond to of 57584
VNCI goes to Europe... VNCI Expands Into International Markets With EuroTelecom Strategic Alliance EuroTelecom Extends Enterprise Communications Solutions With VNCI Technology PORTSMOUTH, N.H.--(BUSINESS WIRE)--March 29, 2000--Video Network Communications, Inc. (VNCI), a leader in the video communications market, announced today that EuroTelecom Communications (EUTC), the UK- based provider of IT services and products, has signed a strategic alliance agreement, placing an initial order of $552,000 to begin fulfilling the European demand for video networking solutions. EuroTelecom will integrate VNCI's real-time video networking technology into its advanced information and communications product line, providing customers with a comprehensive approach to video networking solutions and services. EuroTelecom develops and supports integrated corporate networks for global and mid-size corporations, government organizations, including defense and intelligence customers, and large telecommunications operators. VNCI's patented technology will provide EuroTelecom's customers with full-motion, television-quality video, eliminating the need for customers to negotiate with multiple vendors in order to achieve seamless communications solutions. ``Our agreement with VNCI gives us a significant competitive advantage in the European marketplace,' said Phil Derry, Chief Executive Office of EuroTelecom. ``We can now provide customers with high-quality video networking technology over a single integrated network.' ``VNCI's alliance with EuroTelecom extends our leadership position to Europe and beyond,' said Carl Muscari, president and CEO of VNCI. ``By partnering with a leading European systems integrator, VNCI is leveraging EuroTelecom's expertise and complementary technology to provide real-time video communications to the global marketplace.' About EuroTelecom EuroTelecom Communications, Inc. is a global Turnkey Provider of computer technology services and products. Divisions of EuroTelecom provide state-of-the-art fiber optic installations, government defense systems implementation, oil and gas Information Technology applications, enterprise resource solutions, software sales distribution and application support, networking solutions and centralized security monitoring. About Video Network Communications, Inc. Video Network Communications designs, develops, and markets video distribution systems that provide full-motion, high-resolution video networking, enabling video broadcast distribution, retrieval of stored video-on-demand and interpersonal video communications. The patented VidModem technology allows the VNCI system to use the same wiring as the telephone to bring TV-quality video anywhere there is a phone line. The Company's common stock, units and warrants are listed on The Nasdaq SmallCap Market under the symbols ``VNCI,' ``VNCIU' and ``VNCIW' respectively. VNCI can be found at www.vnci.net Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results and future events may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent filings with the Securities and Exchange Commission.