To: Frank A. Coluccio who wrote (2399 ) 2/1/1999 7:47:00 AM From: Frank A. Coluccio Read Replies (1) | Respond to of 3178
Path 1 To Develop Products Offering Comprehensive Internet Solution For Voice, Video, And Data SAN DIEGO, Calif.--(BUSINESS WIRE)--Feb. 1, 1999--Path 1 Network Technologies Inc. (OTCBB:"PNWK") has commenced development of products that will enable the simultaneous delivery of live video, crystal clear voice ("Voice over IP"), and audio throughout the Internet. These products will have the potential to reach into every home and business and enable them to receive and transmit all forms of communication across one network, the Internet. Following the successful demonstration in January 1999 of its True CircuitT technology, Path 1 has defined a series of products providing an end-to-end networking solution with unparalleled service quality and compatibility. These products have the potential to allow the Internet to replace traditional telephone and cable TV networks as the primary voice and TV or video carrier. The Company's TrueCircuit(TM) technology will allow, for the first time, electronic signals to seamlessly flow without degradation or delay from the home and through private computer networks and to the Internet. TrueCircuit(TM) is the missing link in the chain of convergence to a single global network. Convergence is one of the most important and anticipated developments for the Internet and all networking for the 21st century. The promise of convergence is the simultaneous transfer of voice, video, and computer data over a seamless, global network. Despite overwhelming demand, problems of unreliability and poor quality for real-time transmissions over today's Internet equipment have prevented this convergence of voice, data and video traffic to a single network. Solving this problem unleashes the worldwide market potential for all Internet and network users, opening new worlds of communications and commercial possibilities. Path 1 Network Technologies Inc. was founded in January 1998 with the goal of becoming the world leader in providing quality of service ("QoS") hardware and software for all computer networks and the Internet. --30--eb/ny* CONTACT: Archie Adams - Director, London Tel: 44 (0) 1442 400299 Email: archie@path1.net or Michael Berns - Chairman, New York Tel: 1 212-332-2788 Email: mberns@path1.net KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS PRODUCT