America's Network Honors Universal Access at SUPERCOMM
Chicago-based Infrastructure Services Provider Named One of 12 Hot Startups By
Leading Telecom PublicationPR NEWSWIRE
ATLANTA, June 8 /PRNewswire/ -- SUPERCOMM attendees looked on yesterday as
America's Network honored Universal Access, Inc. (Nasdaq: UAXS) as one of 12
companies recently named hot startups, gaining specific recognition for its
unparalleled ability to quickly provision end-to-end circuits.
"We are honored that America's Network recognizes our leading position in
the industry," said Patrick Shutt, president and CEO of Universal Access.
"Our unique business model combines information management and physical
facilities to improve provisioning times for ISPs, ASPs and TSPs globally."
America's Network recently featured Universal Access and 11 other "Red
Hot" start-ups for their unique solutions for the telecom industry globally.
"What they share in common is an innovative response to a business problem or
opportunity," the article said. Publisher Paul Semple and the America's
Network editorial staff honored these same companies at a SUPERCOMM reception
Wednesday.
Universal Access was founded in October 1997 by Patrick Shutt, president
and CEO, and Robert Pommer, chief technology officer, and has grown from an
initial staff of five employees to more than 300 employees. Following its
March IPO, the company was listed among the top ten IPOs in the Red Herring's
"IPO 100 Top Gainers" list in June. The infrastructure services provider
combines information and interconnection facility management to provide the
only solution in the marketplace today that delivers end-to-end network
connections to ISPs, ASPs, and TSPs with the speed to market required to
support the increasingly high global bandwidth demands.
"Since our inception, Universal Access has been experiencing significant
growth at every business level," Shutt said. "Our Q1 report indicated a 379%
increase in revenue compared to the first quarter of 1999. Our strong revenue
growth and expanding client relationships are clear signals of our continued
success."
About Universal Access
Headquartered in Chicago, Universal Access provides clients with a single,
outsourced, carrier-neutral solution to the challenges they face within a
fragmented network services market. Universal Access has partnered with
industry leaders including AboveNet, Allied Riser Communications, AT&T, BCE
Nexxia, Cable & Wireless, GTEi, MCI WorldCom and UUNET to help build the
infrastructure needed to fuel the growth of the Internet.
Universal Access provides the only solution in the marketplace today that
delivers end-to-end network connections to ISPs, ASPs, and TSPs with the speed
to market required to support the increasingly high global bandwidth demands.
By combining information and interconnection facility management, Universal
Access is provisioning end-to-end, high-speed network circuits and capacity
much more quickly and cost-effectively than their customers are able to do
themselves. Two unique strategic pillars enable the unparalleled
speed-to-market: the Universal Information Exchange (UIX), a proprietary
database containing pricing data and circuit and bandwidth availability for
more than 60 transport suppliers, and Universal Transport Exchanges (UTX),
physical interconnection facilities that provide the infrastructure needed to
connect all of the competing networks together.
For additional information regarding the company, please visit
www.universalaccess.net .
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995. The statements contained in this release which are not
historical facts may be deemed to contain forward-looking statements,
including but not limited to statements regarding potential increases
in revenue and the intention to provision additional network capacity for
clients. Actual results may differ materially from those anticipated in any
forward-looking statements as a result of certain risks and uncertainties
including, without limitation, the difficulty of attracting new clients or
increasing sales to existing clients, difficulties or delays in provisioning
circuits, the fact that clients may withdraw an order with minimal liability
before accepting a circuit, potential inability to complete UTX facilities on
schedule or within budget, the difficulty of managing growth of operations,
and the need to raise additional capital. For other risks and uncertainties
applicable to the company's business refer to the company's Securities and
Exchange Commission filings. Universal Access assumes no obligations to
update the information included in this release. All subsequent written and
oral forward-looking statements attributable to the Company or persons acting
on its behalf are expressly qualified in their entirety by this paragraph.
For more information, contact Kraig Smith of PR 21 for Universal Access,
Inc., 312-396-9792, or kraig_smith@pr21.com, or Stephanie Layden of Universal
Access, Inc., slayden@universalaccess.net.
SOURCE Universal Access, Inc.
-0- 06/08/2000
/CONTACT: Kraig Smith of PR 21 for Universal Access, Inc., 312-396-9792,
or kraig_smith@pr21.com, or Stephanie Layden of Universal Access, Inc.,
slayden@universalaccess.net/
/Web site: supercomm2000.com /
/Web site: univeralaccess.com /
(UAXS)
CO: Universal Access, Inc.; SUPERCOMM
ST: Georgia, Illinois
IN: MLM
SU: TDS
*** end of story *** |
