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Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (1611)	1/25/1999 1:16:00 PM
From: DHB	Read Replies (1) \| Respond to of 1629

MR BILL "OH NO!! here's why we're goin down again" he said grinning.. FutureOne Inc. Receives $1.25 Million Credit Line with Ascend Communications BusinessWire, Monday, January 25, 1999 at 11:29 PHOENIX--(BUSINESS WIRE)--Jan. 25, 1999--Kendall Q. Northern, president and chief executive officer of FutureOne Inc. (OTC BB:FUTO) announced that Ascend Communications (NASDAQ:ASND) has extended a credit line of $1.25 million to help facilitate the rapid expansion of FutureOne's Network Neighborhood and Voice Over IP networks. Ascend Communications Inc., (NASDAQ:ASND) develops, manufactures, sells, and services WAN solutions for telecommunications carriers, Internet service providers (ISPs), and enterprises worldwide. The $1.25 million line of credit will be used by FutureOne to purchase equipment, which will be used in the expansion of its ISP services. FutureOne Inc. (OTC BB:FUTO) has made rapid progress as a next generation public network builder and solutions provider through strategic acquisitions such as Opec Inc. which installs underground cable in the Western United States for such companies as U S West (NYSE:USW), AT&T (NYSE:T), and Lucent Technologies (NYSE:LU). Priority Systems Inc., another FutureOne subsidiary, has a nationwide customer base of small, medium, and Fortune 500 corporations such as Goodyear Tire (NYSE:GT), Southern California Edison, Samaritan Hospitals, New Mexico State University, Big "O" Tire Stores, and various state and local government agencies. This press release may contain forward-looking statements. No explicit or implicit promises are intended herein. Any investment in these designated securities should be considered highly speculative. The company recommends that any prospective investor consult with his investment advisor or broker prior to investing in the company's securities. This press release is not intended as a general solicitation for an offer to buy nor an offer to sell securities. CONTACT: FutureOne Inc., Phoenix Janet Harper, 602/852-9725 KEYWORD: ARIZONA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire