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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: lnkennedy who wrote (3258)	11/28/1998 6:21:00 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 29970

I just e-mailed a message to some folks here concerning them. OKNI is making claims to compete with ATHM. They are headed up by a bunch of gents who for them most part have as their greatest claim to fame managing tens of thousands of Bell employees. And there is one network architect [boasting credit (read as responsibility) for the design of today's telephone network], and a one-time congressman politician. Don't know what to make of them. See the p-r for yourself: ========== Okane Closes High Speed Acquisition Business Wire - November 24, 1998 10:56 BOTHELL, Wash.--(BUSINESS WIRE)--Nov. 24, 1998--Okane International Enterprises Inc. ("Okane") (OTC BB:OKNI) is pleased to announce that it has completed its acquisition of High Speed Communications Inc. ("High Speed"). Okane has issued 10 million restricted voting common shares to High Speed's shareholders. High Speed is one of the first companies to address "broadband," or "high speed" access between new generation data network infrastructures (ATM-Asynchronous Transfer Mode and IP-Internet Protocol) and customer demand for "media rich" services by creating a universal network through the convergence of the extensive cable, telephone and wireless infrastructures. One of High Speed's solutions is to equip cable systems with a patent protected process that will allow for "two way" or interactive functionality without requiring "two way" build-outs. Resulting services will compete with @Home's (Nasdaq:ATHM) Internet offering for cable companies, and will also accommodate other services such as telephony, e-commerce applications, broadcast portal service, as well as interactive video or "video on demand," facilitating Okane's entrance into this multi-billion dollar market. Okane plans to complete the acquisition of 51% of the issued and outstanding share capital of Entrata Communications Corp. ("Entrata"). Entrata designs and manufactures a line of communications equipment which expands broadband's (DSL) reach in both bandwidth and distance, eliminates the need for telephone companies to deploy remote switching units and economically converges customer premise voice, data and video networks into a single universal network with speeds from 64kbs up to OC3. Entrata technology enables telephone companies, Internet service providers, competitive access providers, competitive local exchange carriers, interexchange carriers and enterprise customers to provide wide spread voice, data and video services. Entrata has signed its first contract to supply equipment to a major communications supplier. Additionally, Entrata has completed the pre- production testing and delivery of its introductory units and will begin production and shipment in December 1998. Okane is managed by its Chairman, C.E.O. and President, James W. Truher, who brings 26 years of technical and executive experience with AT&T as an Area Vice-President, responsible for six divisions and over 4,500 personnel. Truher holds an engineering degree and has a multitude of experience in cable and telephony networks. Truher is advised by two telecommunications veterans, namely Edgar C. Gentle and Billy B. Oliver. Oliver has been referred to as the "Architect" of today's telephone network system in the United States and serves on the Board of Ciena Corp. Gentle's 43 years experience with the Bell system included overseeing 7,000 employees. The Honorable Mervyn C. Dymally has also agreed to join the Board of Directors of Okane. Dymally has served as Lieutenant Governor for the state of California and served 11 years in the U.S. Congress. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk and uncertainties, which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among other things, the company's financial performance; changes in the competitive environment; adverse changes in the economy; ability to maintain long-term relationships with customers; and financing requirements. CONTACT: T.P.I. Communications Jim Greene, 888/461-9991