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Technology Stocks : 360Networks - TSX - TSIX -- Ignore unavailable to you. Want to Upgrade?

To: T. VanRoon who wrote (79)	12/21/2000 1:02:54 AM
From: D.B. Cooper	Read Replies (2) \| Respond to of 449

Wednesday December 20, 2:15 pm Eastern Time Press Release SOURCE: 360networks inc. Streaming Media expands into Los Angeles, Toronto and Vancouver using 360networks' new IP transit service VANCOUVER, BC, and ENGLEWOOD CLIFFS, NJ, Dec. 20 /CNW/ - Streaming Media Corporation (SMC), a Broadband Media Delivery Network(TM), today announced an expansion into Los Angeles, Toronto and Vancouver using 360networks' Internet Protocol (IP) transit service. SMC is the first company to beta test the new 360networks service, which provides high-speed, high-capacity access to the Internet. 360networks will provide SMC up to one gigabit per second of capacity, enabling SMC to deliver high-quality streaming video and audio directly to broadband users in three cities initially, and eventually in Montreal and other major North American centers. "Network alliances are a key component of SMC's growth strategy," said Rick Murphy, president and CEO of SMC. "By teaming up with companies with broadband networks, we can focus on providing state-of-the-art broadband media services." "An alliance with 360networks makes great sense," Murphy added. "Our ability to expand quickly is greatly enhanced by 360networks' aggressive roll- out schedule for its IP transit service." "Our IP transit service is ideal for applications service providers and next-generation providers like SMC who need flexible broadband capacity," said Jim Brennan, 360networks' senior vice-president of sales and marketing. "We intend to launch our IP transit service commercially in 14 North American cities in the first quarter of 2001, followed with about 30 more cities by July 2001. Our plan is to provide this service in all the major cities on our global network by late 2002." About 360networks 360networks (NASDAQ: TSIX and TSE: TSX) offers broadband network and colocation services to telecommunications and data-centric organizations. 360networks is developing one of the largest and most technologically advanced fiber optic mesh networks in the world. By mid-2002, the planned network will span 142,000 kilometers (88,000 miles) and link more than 100 major cities with terrestrial routes and submarine cables joining North America, South America, Asia and Europe. 360networks is also developing nearly 3.7 million square feet of network and server colocation space. More information is available at www.360.net. About Streaming Media Corporation Streaming Media Corporation is a privately held Delaware corporation headquartered in Englewood Cliffs, New Jersey. SMC provides Streaming Media Network Services(TM) to Web site owners, private label resellers, various network partners, and strategically allied companies in the U.S., Canada, Asia, and Europe. Earlier this year, SMC opened its new 20,000 square foot Streaming Origination Center (SOC) in Denver, Colorado. Using 25 satellite dishes, the SOC is the world's largest satellite reception facility dedicated solely to streamed media. It is capable of aggregating programming from domestic, Asian, and European satellites, simultaneously encoding the live signals in real time, and streaming them to any broadband Internet user worldwide. Additionally, the SOC digitally processes live and taped programming utilizing the latest broadcast video equipment, and then stores it for later delivery "on demand" via the Streaming Media Network(TM). For more information, please visit www.smc.net.