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

To: RobertSheldon who wrote (8705)	10/24/2000 6:46:49 AM
From: TechMkt	Read Replies (1) \| Respond to of 15615

Another customer. Fez ________________________ Tuesday October 24, 5:30 am Eastern Time Press Release SOURCE: Innovative Communications Technologies Inc. Innovative Communications Technologies Inc. Announces Strategic Alliance With Global Crossing to Provide Private Telephone Networks to Businesses Nationwide Alliance Allows Innovative to Offer Customers Reliable, Scalable, Broadband Services With Unmatched Capability and Reach SEATTLE, Oct. 24 /PRNewswire/ -- Innovative Communications Technologies Inc. (OTC Bulletin Board: ICTN - news) today announced it has signed a primary partnership with Global Crossing Ltd. (Nasdaq: GBLX - news), which is building and operating the world's most extensive global IP-based fiber optic network. Global Crossing will provide Innovative Communications Technologies with point-to-point fiber-optic connections to major markets in the U.S., serving as the primary backbone provider for Innovative's proprietary Global Private Telecommunications Networks (GPTN) technology. Initially, Innovative will connect to the Global Crossing backbone in Green Bay, Houston, Indianapolis, Milwaukee, Phoenix, Portland, San Diego, Tampa and Vancouver. Innovative plans to be in all major US metropolitan regions by the end of this year and most major international markets by the end of 2001. ``Global Crossing's existing fiber-optic network allows Innovative to rapidly expand into additional market areas, as well as broaden the array of services we offer our clients such as in-bound 1-800 calls,'' said Barry Henthorn, CEO and president of Innovative Communications Technologies Inc. Innovative's revolutionary GPTN makes it possible for all businesses to lease their own private telecommunications network, eliminating the concept of per minute billing by long-distance carriers. Foremost among the benefits of the GPTN to businesses is its ability to slash current long-distance charges in half while doubling its long-distance capacity. The GPTN, developed by Henthorn, combines proprietary leading-edge packet switching technology and dedicated fiber optic networks. Innovative's Voice Over Packetization Technology (VOPT) uses packet switching instead of traditional circuit switching when routing calls. With GPTN, calls begin and end on existing local lines and use dedicated fiber-optic networks for the long-distance portion of the call. ``The GPTN radically changes the telecommunications landscape,'' said Henthorn. ``Not only can our clients continue to use their existing equipment, but they have the advantage of paying a flat monthly rate instead of per minute long-distance billing.'' ``We are looking forward to working with Innovative Communications Technologies to help them expand their footprint,'' said Donna Reeves, Global Crossing's president -- multinational accounts division North America. ``Global Crossing's independently owned global network offers Innovative and its customers flexibility and efficiency, as well as quality of service. We have the most advanced self-healing global network -- which means Innovative and its customers will have the highest levels of network reliability on a global scale.''