To: Stock Watcher who wrote (5081 ) 3/29/1999 8:45:00 AM From: Fuza Read Replies (2) | Respond to of 52051
ABYT news! Monday March 29, 8:20 am Eastern Time Company Press Release SOURCE: Alpha Bytes, Inc. Alpha Bytes Announces First Live Installations of H-NET(R) Following Successful Launch in New York NIAGARA FALLS, N.Y., March 29 /PRNewswire/ -- Alpha Bytes, Inc. (OTC Bulletin Board: ABYT - news), North America's leading provider of software for the vision care industry, announced today that live testing at client sites of H-NET®, the company's new Internet-based transaction network, will begin during the second quarter of 1999. The tests represent the real-time launch of H-NET® in providing transactional services to the vision care industry. The comprehensive new service will electronically link vision care providers including retail opticians, retail optical chain home offices, optometrists, ophthalmologists and optical laboratories together with insurance companies and credit/debit card networks. The network will enable participants to significantly reduce costs while speeding up processing of health care claims and payments and simplifying the accompanying paperwork. The network has potential applications for other healthcare segments and industries. Anton M. Stephens, chairman and chief executive officer of Alpha Bytes, Inc., said, ''We have moved ahead of our initial rollout schedule for H-NET®. Tests of the system to date have exceeded our expectations meaning that we will be ready to launch real-time operations earlier than we originally planned. We received extremely positive feedback from attendees at Vision Expo/East in New York last week and a number of firms are eager to become initial users of H-NET®.'' Stephens also announced that in order to meet ultimately broader needs for the transaction network, the H-NET® development team is testing the next generation of E-commerce applications. Areas of developmental testing include a new generation commerce server with mechanisms for payment, networking, cataloging and workflow. This will provide H-NET® with even greater flexibility and power than planned for in the original specifications. Alpha Bytes, Inc., North America's leading provider of enterprise software for the vision care industry, is transforming itself into an Internet-based electronic transaction service provider. With an existing international customer base of approximately 6,000 vision care outlets, Alpha Bytes is making significant R&D investments to facilitate a rapid deployment of H-NET® to as many users as quickly as possible. The relationship with the alliance partners Microsoft Corporation (Nasdaq: MSFT - news) and Compaq Computer Corp. (NYSE: CPQ - news) is designed to assure the company of the most powerful solution for an Internet-based transaction network that will set the standard of excellence in the healthcare industry. For more information about Alpha Bytes, Inc. please visit their website www.alphabytesusa.com or contact Christine Stephens at (905) 475-3249. Email: info@h-net.net. For copies of press releases, SEC filings, current price quotes, stock charts and other valuable information, visit Hawk Associates website www.hawkassociates.com or contact Frank Hawkins or Julie Marshall, Hawk Associates, Inc. at (305) 852-2383. Email: info@hawkassociates.com. ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the expansion of the Company's operations are forward-looking statements. Words such as ''expects,'' ''intends,'' ''believes,'' ''anticipates'' and ''likely'' also identify forward- looking statements. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed in periodic reports filed by the Company with the Securities and Exchange Commission. SOURCE: Alpha Bytes, Inc.