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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: DubM who wrote (11897)	4/24/2000 9:11:00 AM
From: DubM	Read Replies (1) \| Respond to of 12468

Winstar to Provide PS Business Parks With Advanced Broadband Telecommunications Services Services Offered to Tenants in 153 PS Business Parks Buildings Throughout U.S. NEW YORK--(BUSINESS WIRE)--April 24, 2000-- WINSTAR COMMUNICATIONS, INC. (NASDAQ: WCII) today announced that its advanced, high-speed communications capabilities will be made available, on a non-exclusive basis, in the buildings properties owned by PS Business Parks, Inc.(AMEX: PSB), a fully-integrated, self- managed real estate investment trust (REIT) based in Glendale, California. Under the terms of the agreement, Winstar is permitted to offer its fixed wireless broadband communications services, including high-speed Internet and data, Web-based information and local and long distance services, to the 153 buildings in PS Business Park's (PSB) extensive portfolio. This portfolio consists of approximately 12.4 million net rentable square feet and currently serves more than 3,800 business tenants. PSB owns and operates buildings in such Winstar markets as Dallas, Los Angeles, Phoenix, Portland and Washington, DC. "As more of our tenants turn to the Internet to streamline operations and increase efficiency, having access to fast and reliable broadband technology is essential," said Eddie Ruiz VP-Director of Facilities of PSB. "By offering Winstar's advanced broadband services as well as high-speed Internet access, our clients will have the tools necessary to compete in today's fast-paced business environment." "Winstar's fast and reliable broadband services add significant value to a building," said Rick Uhl, president and chief operating officer of Winstar for Buildings. "With Winstar's end-to-end connections, PSB's tenants will be able to keep pace with their needs in today's highly competitive and fast-paced business environment." Winstar works with commercial building owners and managers to provide tenants with a range of e-business solutions--including data, voice, videoconferencing, Web hosting and applications services--through its national broadband network. About PS Business Parks PSB (www.psbusinessparks.com) is a self-advised and self-managed equity real estate investment trust specializing in the ownership, management, acquisition and development of business parks containing office "flex" space. As of December 31, 1999, PSB had interests in 125 commercial properties (approximately 12.4 million net rentable square feet) and over 3,800 tenants located in 11 states, concentrated primarily in California (4,408,000 sq. ft.), Texas (3,034,000 sq. ft.), Oregon (1,169,000 sq. ft.), Virginia (1,612,000 sq. ft.) and Maryland (1,104,000 sq. ft.).