Watch out NTAP........better cache player in town..Company Press Release
The Scandinavia Company, Inc. to Spin Off the Hotel
Assets, Change Name to Xcelera.com. and Focus
Exclusively On the Internet
GREENWICH, Conn.--(BUSINESS WIRE)--April 26, 1999--The Scandinavia
Company, Inc. (''the Company'') announced that its Board of Directors will propose to its shareholders that the Company's
hotel and associated companies be spun off into a new company.
Each shareholder will receive one new share in the new company for each existing share. The Board will also propose to
change the name of the company to Xcelera.com. The company will focus exclusively on Internet businesses.
Following the spin off the Company's main asset will be Mirror Image Internet Inc. Mirror Image is a broadband and Internet
infrastructure company that owns the central caching space, enabling ISP's and enterprises to deliver significantly faster Web
downloads to their Internet users. The company is the first mover in central caching and offers a patent-pending product, the
Central Cache Connection. Mirror Image is well positioned to greatly benefit from the tremendous anticipated growth in
broadband access and streaming media content.
Mirror Image deploys and operates a global network of large, highly scalable central caches at key Internet exchange points
that serve as distributed content servers to help speed Internet downloads and relieve bandwith bottlenecks. By providing this
open, easy-to-access solution, Mirror Image can significantly the speed performance for ISP's and enterprises. Mirror Image's
revolutionary open caching solution requires no new hardware, installation or maintenance. Mirror Image's global network of
central caches provides the platform to offer additional premium services to ISP's, enterprises and content providers
worldwide. It also allows the company to offer various solutions enabling high speed internet traffic. Further information on
Mirror Image can be found at mirror-image.com.
Company Press Release
Mirror Image Internet to Conduct Live
Demonstrations of Caching Performance Tool at
ISPCON Spring '99
Tool Measures Real-Time Performance of Mirror Image Central Cache
Connection for ISPs and Enterprise Customers; Speed Improvements of 320% to 639% Reported
BALTIMORE, Md.--(BUSINESS WIRE)--April 26, 1999-- Committed to delivering caching solutions that unleash the full
potential of the broadband Internet, Mirror Image Internet, Inc., majority owned by The Scandinavia Company, Inc.,
(AMEX:SCF - news), today announced a new caching performance tool that shows how the Mirror Image Central Cache
Connection(TM) significantly improves network performance of ISPs and enterprises worldwide. Mirror Image will conduct
live demonstrations of the performance tool in Booth #1139 at the ISPCON Spring '99 trade show in Baltimore, Maryland,
which runs April 26-29.
Based on real-time Web traffic analysis, the tool measures content download performance through Mirror Image's Central
Cache Connection compared to accessing site servers directly. Attendees at the ISPCON show will be able to see real-time
results of the power of central caching, which delivers a staggering Internet download speed improvement for ISP and
enterprise networks alike.
''Our customers want to know they're getting the most from their caching solution,'' said David Wu, President of Mirror Image
Internet. ''By having the Mirror Image performance tool on hand, ISPs and corporate customers can effectively and easily
measure the added value their organization gains from our central caching solution. The last few days we have received several
reports from ISPs testing the new tool, measuring average speed improvements in the range from 320% up to 639%.''
Pricing and Availability
ISPCON Spring '99 attendees can see the performance tool in action by visiting the Mirror Image Internet booth, #1139. The
performance tool is currently available at no additional charge to current Mirror Image Internet customers. For information
about receiving the tool, or to learn more about the Central Cache Connection, please contact Mirror Image at
1-800-353-2923 or sales@mirror-image.com.
Company Background
Mirror Image Internet is a broadband network and infrastructure company that owns the central caching space, enabling ISPs
and enterprises to deliver significantly faster Web downloads to their Internet users. The company is the first mover in central
caching and offers a revolutionary, patent-pending product, the Central Cache Connection. This open, easy-to-access caching
solution requires no new hardware, installation or maintenance.
Mirror Image Internet's global network of central caches provides the platform to offer additional premium services to ISPs,
enterprises, and content providers worldwide, making the company well positioned to greatly benefit from the tremendous
anticipated growth in broadband access and streaming media content.
Majority owned by The Scandinavia Company, Inc., (AMEX:SCF - news), Mirror Image Internet is based in Woburn,
Massachusetts and serves customers worldwide with European headquarters in London. Further information on Mirror Image
can be found at mirror-image.com.
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to
differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to
the fact that Mirror Image Internet, Inc. is in a highly competitive industry subject to rapid technological, product and price
changes. Other factors include the possibility that demand for the Company's products may not occur or continue at sufficient
levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the
start-up and operation of major capital projects and corporate restructurings, changing governmental regulations and other risks
and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Mirror Image
Internet, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. |
