WEBB --- News just out!! To provide high speed internet accecc in 10 Western markets. Float only 2.1 million. This could easily be another AVCO-- Get on it now!!!
Friday December 4, 12:55 pm Eastern Time
Company Press Release
Internet Ventures Requests Leased Access From
Cable Franchises to Provide High-speed Internet
Access in 10 Western Markets
LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 1998--Internet Ventures, a cable
modem and dial-up Internet service provider and acquirer, announced that it has formally requested a ''leased access''
channel from various cable multiple systems operators to provide PeRKInet®, the company's high-speed Internet access
service, to 10 Western markets.
The company, which already offers dial-up Internet service in each of the markets, has sent letters to system managers
from each of the following MSO's: Century Communications (Coeur D'Alene, ID; Ventura, Calif.) (Nasdaq:CTYA -
news); Comcast (Oxnard, Calif.) (Nasdaq:CMCSK - news); Falcon (Crescent City. Calif.); MediaOne (Stockton, Calif.)
(NYSE:UMG - news); and TCI (Durango, Colo.; Spokane, Wash.; Tracy, Calif.) (Nasdaq:TCOMA - news). IVI has
requested a single analog channel from each system, at a cost to be determined by the formula prescribed by Title 6 of the
Telecommunications Act of 1996. Similar letters will be sent to cable systems in all other current and future markets
serviced by IVI ISP affiliates.
About Internet Ventures:
Internet Ventures is a dial-up ISP acquirer similar to Verio (Nasdaq:VRIO - news) and high-speed Internet access
provider similar to Avtel (Nasdaq:AVCO - news) which owns and operates 13 local ISPs in California, Colorado, Idaho,
Oregon, and Washington. Internet Ventures' high-speed Internet access system, called PeRKInet®, offers subscribers the
ability to connect to the Internet at up to 256Kbps, a speed that is more than four times faster than conventional US
Robotics' X2 (Nasdaq:COMS - news) or Motorola's Flex56 (NYSE:MOT - news) technology.
PeRKInet® utilizes routers from Cisco Systems (Nasdaq:CSCO - news). Internet Ventures currently has an agreement
with Cox Communications Humboldt (NYSE:COX - news) to provide PeRKInet service in the cities of Eureka and
Arcata.
Internet Ventures is currently performing a private placement offering of $5 million at $7.50 per unit and will soon apply to
be publicly traded on the OTC Bulletin Board.
The Internet Ventures PeRKInet network complements the networks of At Home (Nasdaq:ATHM - news) and Time
Warner affiliate, Road Runner (NYSE:TWX - news), by targeting smaller cities and towns with populations of less than
500,000.
Other companies which offer and enable high-speed, dedicated line, and dial-up Internet access similar to Internet
Ventures are America Online (NYSE:AOL - news), Earthlink (Nasdaq:ELNK - news), Mindspring (Nasdaq:MSPG -
news), Broadcom (Nasdaq:BRCM - news), Softnet (AMEX:SOF - news), Online System Services (Nasdaq:WEBB -
news), Sprint (NYSE:FON - news), and MCI/WorldCom (Nasdaq:WCOM - news).
Internet Ventures has been featured in ZDNet's Interactive Week (NYSE:ZD - news) and on CNET's News.com
(Nasdaq:CNWK - news). Internet Ventures' President, Don Janke, was formerly the Manager of Cable Marketing for
Prodigy.
For more information about Internet Ventures please call 800/701-7020 or e-mail info@perki.net.
Check out Internet Ventures at www.ivn.net
Internet Ventures Inc. has also been featured in Internet Stock News(www.internetstocknews.com) , a free weekly
newsletter devoted to Internet stocks and industry news. Other companies that have been featured and discussed in
Internet Stock News have included Yahoo! (Nasdaq:YHOO - news), Excite (Nasdaq:XCIT - news), FreeRealTime.com
(OTC BB:FRTI - news), TheGlobe.com (Nasdaq:TGLO - news), uBid (Nasdaq:UBID - news), and
TicketmasterOnline/CitySearch (Nasdaq:TMCS - news).
Internet Ventures Inc. has retained IP Equity Inc., a next-generation Internet-industry-focused public relations firm, for the
creation and distribution of this news release. For more information about IP Equity Inc. send e-mail to info@ipequity.com
The information presented in this news release shall not constitute an offer to sell or the solicitation to buy securities in any
state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities
laws of any such state.
Contact:
Tim McGrath, 800/701-7020
More Quotes
and News:
Century Communications Corp (Nasdaq:CTYA - news)
Comcast Corp (Nasdaq:CMCSK - news)
MediaOne Group, Inc (NYSE:UMG - news)
Tele-Communications Inc (Nasdaq:TCOMA - news)
Related News Categories: computers, internet, telecom |
