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To: ayahuasca who wrote (29945)3/29/1999 9:42:00 AM
From: Teri Garner  Read Replies (1) | Respond to of 120523
 
CNCX announces 2 for 1 split! This one is running...

Monday March 29, 8:02 am Eastern Time

Company Press Release

SOURCE: Concentric Network Corporation

Concentric Network Announces Two-for-One Stock Split

SAN JOSE, Calif., March 29 /PRNewswire/ -- Concentric Network Corporation (Nasdaq: CNCX - news), a leading provider of value-added IP network services, today announced that its board of directors has approved a two-for-one split of its common stock. Stockholders will receive one additional share for every share of Concentric common stock held on the April 30,1999 record date for the split which will be effected by way of a stock dividend.

About Concentric Network Corporation

Concentric Network Corporation provides complete, easy-to-use Internet networking solutions for small to medium sized businesses, including high-speed dedicated and DSL access, Web hosting and e-commerce services. For larger enterprises, the company offers customized Virtual Private Network solutions. A leader in IP network innovation, Concentric's services rely on a high-performance, ATM-based network that covers North America, backed by 24 hour/7 days a week customer support. Through various partnerships, the Concentric network reaches South America, Europe and the Pacific Rim. The company was recently selected as the ''Most Innovative ISP'' by Interactive Week magazine, and consistently receives top ratings by Inverse Network Technology (www.inversenet.com), an independent research firm that grades the performance of network service providers each month. Traded on Nasdaq under the symbol ''CNCX,'' Concentric Network is headquartered in San Jose, Calif., with operations offices in Southern California, St. Louis, Mo., and Saginaw, Mich., along with sales and channel support across the U.S. For more information, access the company's Web site at concentric.net or contact Katie Greene at 408/817-2885.

Concentric Network Corporation and the Concentric logo are trademarks of Concentric Network Corporation. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.