Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Roaring Internet Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Trooper who wrote (1227)	2/8/1999 8:53:00 AM
From: mikekell	Respond to of 1530

Crys-Tel Telecommunications.com, Inc. Announces Intended Purchase Of Academy Network Solutions FORT LAUDERDALE, Fla., Feb. 8 /PRNewswire/ -- Crys-Tel Telecommunications.com, Inc. (OTC Bulletin Board: CYSS - news) announced today that the company has signed a letter of intent to purchase 20% of Italian based Academy Network Solutions. Academy Network Solutions is currently the single largest ISP (Internet Service Provider) in Italy with over 200 POPs (Points of Presence) across the country. With offices throughout Italy and in New York, Academy provides turnkey Internet services, satellite communications, networking telephony and E-commerce solutions to its corporate customers. ''By quickly responding to Italy's telecom deregulation and forming this new relationship with Crys-Tel, we are positioning Academy as a one-stop location for Italian corporations to acquire Internet, E-commerce, and telephony services. By joining forces with the Crys-Tel team, we are able to hook up to a North American network right away and implement Nokia's winning voice-over-IP (VoIP) solution throughout our points of presence,'' said Dr. Gianlucca Di Consolo, managing director of Academy. ''We are very proud to team up with Academy Network Solutions to bring our innovative wholesale Internet Telephony services to Italy. With the combination of our two companies, it will enable us to expand the Crys-Tel network to deliver toll quality Internet telephony voice and fax traffic both originating and terminating in Italy,'' said Edward Yau, President of Crys-Tel. Academy Network Solutions was formed two years ago with one point of presence in Italy. They are currently the largest ISP in Italy with over 200 points of presence. Academy is a partner of the Eurocom Group, which is one of the leading telecommunications groups in Israel. The company provides turnkey Internet and Telephony operations to corporate customers in Italy. Crys-Tel Telecommunications, Inc. is a facilities-based international carrier that utilizes the Internet to provide economical international telecommunications services. The company operates both as a wholesale carrier for international long distance resellers and as a retail carrier, servicing its own network, and marketing the use of the network to consumers in designated areas. Crys-Tel combines advanced engineering and system integration along with the resiliency of Nokia's IP Telephony solution to ensure users' high quality services over the Crys-Tel network. Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.