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Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (2892)	3/29/2000 1:14:00 PM
From: Mihaela	Respond to of 10934

(CSCO)(LVLT) NetVoice Raises $5.1 Million through Private Placement BUSINESS WIRE - March 29, 2000 13:09 DALLAS, Mar 29, 2000 (BUSINESS WIRE) -- NetVoice Technologies Inc. (Pink Sheets:NTVT) a leading provider of Internet telephony services announced today the completion of $5.1 million in a private round of funding. The offering consisted of restricted common stock under Rule 144. Chief Executive Officer, Jeff Rothell said, "The funds will be used to further progress the rollout of future markets in our aggressive network expansion plans for the year 2000. In addition, we have increased our staffing, in order to help facilitate and achieve our growth plans. The company's private placement memorandum was produced by the Law Firm of BerenBaum, Weinshienk & Eason, P.C. The shares of Common Stock issued by the Company in connection with this offering are deemed "restricted securities" within the meaning of that term as defined in Rule 144 of the Securities Act of 1933, as amended ("Act") and were issued pursuant to certain "private placement" exemptions under Section 4(2) and rule 506 of Regulation D of the Act, as promulgated by the Securities and Exchange Commission. About NetVoice NetVoice utilizes a Cisco Powered Network (CPN) (Nasdaq:CSCO) that employs packet-switching technology to break voice, text and video services into data packets and routes them over a Virtual Private Network utilizing Level 3 (Nasdaq:LVLT) backbone. LEVEL 3, Cisco Systems, Inc., Global Crossing (Nasdaq:GBLX) and Network Appliance (Nasdaq:NTAP) are NetVoice strategic partners that are shaping the networks our customers utilize today. By owning a proprietary network, NetVoice can offer carrier grade quality with low-latency connections, at substantially lower cost than the traditional circuit-switched carriers. This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end-use customers' acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations, and other risks associated with the regulation of the Internet and the telecommunications industry. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: NetVoice Technologies Inc., Dallas Tammy Posey, 972/788-2988 tposey@netvoice.net KEYWORD: TEXAS INDUSTRY KEYWORD: INTERNET TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com