The news we've been waiting for...
...has not been released yet, but in the meantime, here's this:
Company Press Release
WinStar to Provide Businesses With First-Ever Online Access to LEXIS-NEXIS Research On Non-Subscription Basis
WinStar Telebase and LEXIS-NEXIS Announce Pay-Per-Use Web Access to U.S. and State Court Decisions and Regulatory Information
DAYTON, Ohio and NEW YORK--(BUSINESS WIRE)--Dec. 15, 1998-- LEXIS-NEXIS and WINSTAR COMMUNICATIONS, INC. (NASDAQ: WCII - news) today announced that, for the first time, select LEXIS(r)-NEXIS(r) offerings, including federal and state court decisions, will be available over the Web on a pay-per-use basis through WinStar Telebase Inc., a leading online business information source.
Under the terms of the multi-year agreement, WinStar Telebase will market and provide LEXIS-NEXIS to small and medium-sized businesses on a non-subscription basis through the WinStar Business InfoCenter (www.winstar.com/infocenter) and Office.com(SM), a service from WinStar, as well as its third-party distribution partners, including: CompuServe's IQuest(SM) Legal Research Center, America Online's WorkPlace Channel, and Prodigy's Business Reference Center.
LEXIS-NEXIS is the latest addition to WinStar Telebase's growing roster of best-of-class online business information resources available on demand on a pay-per-use basis. The LEXIS-NEXIS materials to be offered initially through WinStar Telebase include continuously updated archives of case law from federal and state courts; legislative materials, such as the U.S. Code Service and U.S. Public Laws; and federal administrative and regulatory information. State and county business filings from most Secretary of State offices, county ''doing-business-as'' records, bankruptcy filings and franchise information will also be available online.
Stuart B. Rekant, President, WinStar New Media, said today, ''Companies of all sizes now consider the Internet a competitive advantage. The LEXIS-NEXIS agreement with WinStar Telebase is another example of WinStar's commitment to help small and mid-size businesses capitalize on this opportunity by providing powerful and integrated broadband telecommunications solutions for their voice, data and information needs. Everyday, WinStar Telebase's compelling online business content enables every size business to use the information superhighway to make their companies more efficient and productive.''
''LEXIS-NEXIS is pleased to join WinStar in leveling the competitive playing field in the small business marketplace. For the first time, small law firms and other businesses can have access to authoritative LEXIS-NEXIS legal research on a non-subscription basis,'' said Tim Davies, Chief Operating Officer of NEXIS. ''These ad hoc users can search LEXIS-NEXIS information through a web-based interface they're already familiar with and can pay only for what they use as they need it. In the near future, other LEXIS-NEXIS information, such as news and business publications, will be available through this agreement.''
LEXIS-NEXIS (www.lexis-nexis.com), headquartered in Dayton, Ohio, is celebrating 25 years as the world's leading provider of enhanced information services and management tools. The company's mission is to help legal, business and government professionals collect, manage and use information more productively. The company is a division of Reed Elsevier Inc., and a member of the Reed Elsevier plc group (www.reed-elsevier.com), one of the world's leading publishing and information businesses. Reed Elsevier has annual sales in excess of $5 billion and 27,000 employees. It is owned equally by Reed International P.L.C. (NYSE: RUK - news) and Elsevier NV (NYSE: ENL - news).
WinStar Telebase Inc. is a leading Web content integrator and a subsidiary of WinStar New Media Company, Inc., the information services and media unit of WinStar Communications, the nation's leading wireless broadband telecommunications and information services provider. WinStar Telebase (www.telebase.com) has been providing businesses and end users with pay-as-you-go online access to the most extensive database collections worldwide since 1984 through the leading online services and Web sites.
WinStar Communications, Inc. is a leading provider of broadband telecommunications and Internet services, serving business customers in major U.S. markets. The company provides local and long distance phone service and high-speed data, Internet access and information services. WinStar provides these Wireless Fiber(SM) services over its own end-to-end network, using its licenses in the 28 and 38 GHz spectrum.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are described in WinStar's SEC reports, including the 10-K for the period ended December 31, 1997 and the 10-Q for the period ended September 30, 1998.
LEXIS and NEXIS are registered trademarks of Reed Elsevier Properties Inc.
WinStar and Telebase are registered trademarks, and Wireless Fiber and Office.com are service marks of WinStar Communications, Inc. |
