Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Williams Companies, Inc. (WMB) -- Ignore unavailable to you. Want to Upgrade?

To: S. Day who wrote (53)	7/2/1998 12:26:00 PM
From: Kevin G. O'Neill	Read Replies (1) \| Respond to of 271

NEWS:ÿÿWednesday July 1, 4:29 pm Eastern Time Company Press Releaseÿÿÿ( biz.yahoo.com ) SOURCE: Williams Williams Conferencing Sells Fax Business TULSA, Okla., July 1 /PRNewswire/ -- Williams Conferencing, a business unit of Williams (NYSE: WMB - news), has announced an agreement to sell its enhanced fax services business, including the fax customer base, equipment and software, to International Teledata Group. Other terms of the agreement were not disclosed. Williams Conferencing, an international provider of multipoint video, audio and event conferencing services, made the decision to divest its fax business to focus on collaborative conferencing technologies of video and audio. ''ITG was selected largely due to the improved services available to customers from its systems and its fax marketing expertise,'' said Linda Lawson, senior vice president and chief operating officer of Williams Conferencing. ''We are confident ITG can fully meet the fax needs of our customers with the high level of service our customers have come to expect from Williams Conferencing.'' A special transition team of ITG and Williams Conferencing personnel has transitioned customers to the new platform in the past few weeks, Lawson said. As a result of the transition and sale, some Williams Conferencing employees will assume positions with ITG. ''We are very pleased Williams Conferencing has chosen ITG. We believe this demonstrates the confidence they have in our abilities and our commitment to services,'' said Richard Boudreau, president and chief executive officer of ITG. ITG is a privately held corporation with more than 15 offices in North America. It offers a wide array of electronic messaging services, including enhanced fax messaging. About Williams Williams, through its subsidiaries, provides a full range of traditional and leading-edge communications and energy services and is the largest-volume transporter of natural gas in the U.S. In addition to its national wholesale multimedia network, its communications enterprises include nationwide single- source business communications systems integration; international video satellite and fiber-optic transmission; multipoint video conferencing and audio conferencing; satellite business applications; interactive technical training, on-demand distance learning and Internet and telemarketing services. Company information is available at twc.com, wilcom.com and vyvx.com. SOURCE: Williams