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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?


To: Joe Gots who wrote (1886)4/19/1999 9:11:00 PM
From: Patriarch  Read Replies (1) | Respond to of 3873
 
Information-Highway.com Chooses Level 3 Communications Network to Enter Internet Markets in 20 U.S.Cities

April 19, 1999 10:19 AM
VANCOUVER, B.C.--(BUSINESS WIRE)--Information-Highway.com, Inc. IHWY announced today that it had agreed to use Level 3 Communications Network LVLT in order to expand its Internet Access Services in 20 U.S. Cities & States.

Information-Highway.com will use the Level 3 Communications' IP-based network to provide Internet Access and other IP-based services to users in the following cities and states on or after the dates specified below:

MONTH NUMBER OF OFFICES CITY NAME

1st month/April 1 Seattle, Washington

2nd month/May 2 Houston/Dallas

3rd month/June 2 Philadelphia/Boston

4th month/July 3 Los Angeles/San Diego/San Jose

5th month/September 3 New York/New Jersey/Chicago

6th month/October 3 Orlando/Washington DC/ Detroit

7th month/November 3 Cincinnati/Atlanta/Baltimore

8th month/December 3 Miami/Denver/Tampa

John Robertson, President & Chief Executive Officer of Information-Highway.com stated, "This is the first initiative in our goal of expanding our Internet Access and Portal services into markets nationwide. Through the accumulation of dial-up ISP subscribers in large U.S. cities through Virtual Internet Access we can rely on the marketing efforts of individuals and organizations to sell our dial-up services thus allowing us to concentrate on the provision of our dial-up access and design of our portals. We based our model on that of a famous Internet book vendor named Amazon.com. Amazon.com has been extremely successful in using revenue sharing agreements in order to excite individuals about marketing their brand name and products."

Information-Highway.com will serve as a Virtual ISP and provide Internet Access to users nationwide. Using the Level 3 Network for Internet access, Information-Highway.com can transmit data from local ports and provide dial-up Internet access through local phone numbers in numerous U.S. cities while still stationed in Canada. The Virtual ISP business has been made famous by and has proven to be extremely scalable for Virtual ISP companies America Online (AOL), MSN (MSFT), Earthlink (ELNK), and MindSpring (MSPG).

Information-Highway.com will be performing a private offering (506 offering) to qualified shareholders to raise $1.6 million to fast track its expansion of our Internet Access Service in the 20 U.S. cities.

About Information-Highway.com Inc.

Information-Highway.com Inc. is an advanced Internet Service Provider (ISP) engaged in web content development and Internet access. The Company provides dial-up and dedicated Internet access as well as web site hosting to over 20,000 Canadian users.

Information-Highway.com's premiere online service, The Executive Club, is a localized regional Internet portal that can save users vast amounts of time by allowing them to access stock quotes, weather forecasts, community events, online trading, web searches, multicasting, and shopping -- all from one place.

Interested parties may join The Executive Club for free at www.theexecutive.com and can find more information about Information-Highway.com Inc. on the company's web site at information-highway.com.