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Technology Stocks : Concentric Network Corporation (CNCX) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Blanchard who wrote (201)	5/4/1999 9:26:00 AM
From: nord	Read Replies (2) \| Respond to of 377

DNET NEWS EDnet Signs Agreement With Concentric Network to Resell DSL and T1 Internet Services Under Private Label SAN FRANCISCO, May 4 /PRNewswire/ -- EDnet, Inc. (OTC Bulletin Board: DNET - news) announced today that after extensive review and testing of many potential networking partners, it has signed a value added reseller agreement with Concentric Network Corp. (Nasdaq: CNCX - news) a rising leader in value added IP network services. This service will be provided by a newly created division that EDnet will call dt&t (data transport and teleconnect), which will receive full 24x7 operations support from Concentric. The dt&t network will provide wide area, wide bandwidth connections, via DSL, frame relay T-1 and ISDN. The network will specifically service the deployment of ClipMail(TM)Pro MPEG2 video systems. In March, Nevada City-based Telestream, Inc. announced the launch of its ClipMail product, designed to send audio and video throughout the world via I/P WANs, and targeted at media professionals during production and post production In addition to efficiently transporting video and audio media, dt&t will provide high speed Internet connectivity, e-mail and hosting services. ''We're delighted with our new partnership with Concentric,'' commented Tom Kobayashi, EDnet's Chief Executive Officer. ''Concentric's award winning Internet, DSL and Web hosting solutions will be appreciated by our present audio clients and future ClipMail Pro video customers and help them leverage Internet technology for new profitable applications. Our dt&t group will be offering this service to other ClipMail dealers as well as other small and medium sized businesses that simply wish to have high speed connectivity. Future services to be provided by dt&t include IP fax, IP telephone, IP Teleconferencing and remote vaulting.'' ''We are very proud that EDnet will be reselling our high-performance DSL and Web hosting offerings to their highly respected customer base,'' said Gordon Meyer, director of channel management for Concentric Network. ''We are looking forward to EDnet providing a high level of penetration for Concentric in the entertainment industry.'' EDnet, a subsidiary of Visual Data Corporation (Nasdaq: VDAT - news), is a systems integrator and network service provider, specializing in private transmission of high-quality digitized audio and video over wide area networks (WAN), and a provider of Internet hosting and web broadcasting services. For additional information, access the company's Web site at ednet.net. This press release contains forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those discussed here. Factors that might cause such a difference includes, but is not limited to, those discussed in the Company's Form 10-QSB and Form 10-KSB, filed with the Securities and Exchange Commission. SOURCE: EDnet, Inc.