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To: sean who wrote (72809)5/3/1999 9:24:00 AM
From: Teri Garner  Respond to of 119973
 
SONE reports today after close, splitting on 5/7.

Monday May 3, 8:27 am Eastern Time
Company Press Release

SOURCE: Security First Technologies

Security First Technologies Closes Deals With Andersen Consulting and HP

ATLANTA, May 3 /PRNewswire/ -- Security First Technologies Corporation (Nasdaq: SONE - news), or S1, a leading provider of Internet-based applications for the financial services industry, today announced it has closed the previously announced stock purchase agreements with Andersen Consulting and Hewlett- Packard Company (NYSE: HWP - news). As a result, S1 received investments of $4 million from Andersen Consulting for the sale of 72,800 shares of S1 stock to Andersen Consulting and $10 million from HP for the sale of 182,004 shares of S1 stock to HP. The number of shares purchased gives effect to a 2-for-1 stock split to be paid on May 7, 1999 to shareholders of record on April 26, 1999. The stock purchase agreements were originally entered into on February 22, 1999.

In addition to its $4.0 million investment in S1, Andersen Consulting, a leading global management and technology consultancy, and S1 previously announced a strategic alliance to jointly develop new applications, business strategies and implementation processes that are designed to increase the ability of financial institutions to leverage new technology, improve speed to market and compete more effectively in Internet services.

In addition to its $10.0 million investment in S1, HP, a $47.1 billion global provider of computing and Internet solutions, also entered into a strategic global alliance with S1 to drive the next generation of integrated Internet-based financial services.

About Andersen Consulting

Andersen Consulting's Financial Services practice provides strategic management and technology consulting to financial services firms throughout the world across three broad industry segments: Banking, Insurance and Health Services. The practice serves, among other organizations, retail, investment and commercial banks; investment management firms; securities firms; depositories; exchanges; property & casualty insurers; life insurers; health insurers and health providers. Andersen Consulting is a $8.3 billion global management and technology consulting organization whose mission is to help its clients change to be more successful. The organization works with clients from a wide range of industries to link their people, processes and technologies to their strategies. Andersen Consulting has approximately 65,000 people in 48 countries. Its home page address is ac.com .

About HP's Financial Services Business Unit

HP's Financial Services Business Unit works closely with world-class partners to design and build industry-specific and customized open-computing solutions for banks, insurance companies, securities firms and other global financial-services organizations. The Financial Services Business Unit's clients include some of the largest, most profitable and most respected institutions in the world. Information about HP's solutions for the financial-services industry may be found at hp.com .

About Security First Technologies

Security First Technologies or S1 builds, delivers and operates integrated, transactional and brandable Internet applications for financial institutions. S1's secure solutions are available for in-house implementations or can be outsourced to the S1 Data Center. S1 also offers training, product integration and customer service center outsourcing. S1, through direct sales and channel partnerships, has agreed to provide software applications and technology to more than 100 financial entities, including 14 of the top 100 U.S. financial institutions. S1 can be reached at www.S1.com .

SOURCE: Security First Technologies




To: sean who wrote (72809)5/3/1999 9:25:00 AM
From: SilverFox77  Respond to of 119973
 
**FVCX** could be another FIBR!!!!

West Virginia Transforms Court Proceedings with FVC.COM Broadband Video Network; Courtroom of the Future Comes Alive With Statewide Network

BusinessWire, Monday, May 03, 1999 at 07:15

SANTA CLARA, Calif.--(BUSINESS WIRE)--May 3, 1999--Judges and correction officers in the State of West Virginia have found a way to ease their overloaded calendars and make the administration of justice safer and more humane. Interactive video, being installed as part of West Virginia's Courtroom of the Future program, lets judges and magistrates conduct court proceedings remotely through high-speed video links between courthouses and jails. Participants see and hear each other in real time with high picture and sound quality, giving the sense of being in the same room.

Prisoners can make initial court appearances without leaving the jail -- saving travel time and costs and increasing security -- and probation officers will be able to meet with clients remotely. In addition, video-based distance learning opens up new opportunities for law enforcement officers, correctional employees and inmates to take training courses over the network, interacting as they would in a real classroom. FVC.COM delivers this high-quality video over the WEST VIRGINIA 2001 ATM infrastructure deployed by Bell Atlantic, whose Data Services Group is also deploying the multimedia network.

"Interactive video is transforming the way I run my courtroom and freeing the time of law enforcement officers to protect our citizens," said Chief Judge Dan O'Hanlon, Chair of the Judicial Technology Committee. "We can use videoconferencing to minimize the trauma of children giving testimony and question expert witnesses from anywhere in the world." The next step is telemedicine, bringing medical professionals and inmates together over the network for examination and treatment.

West Virginia is a largely rural state with long distances between correctional facilities and its 55 county courthouses, prompting state officials to decide that videoconferencing will save time, reduce costs, and give them access to important resources located at otherwise prohibitive distances. According to Judge O'Hanlon, "We looked at many ways to do videoconferencing. The ATM statewide Intranet with FVC.COM's switched virtual circuit video technology is clearly the most flexible and cost-effective solution."

The interactive video system is already up and running at four sites in West Virginia. It is currently being installed in five more, and will be in 50 courthouses and all of the state' s correctional facilities within the next 12 months. The West Virginia Legislature, after viewing a recent demonstration of the network capability, fully funded the request by Governor Underwood and the West Virginia Supreme Court to build out the video network.

"The West Virginia network is very progressive -- they have brought video technology and applications together better than anyone else," said Ralph Ungermann, Chairman of FVC.COM, "WEST VIRGINIA 200l is a great example of the many Intranets now forming and coming together, evolving into the next-generation broadband Internet."
About FVC.COM

FVC.COM (NASDAQ:FVCX), founded in 1993 by technology pioneer Ralph Ungermann, is the world leader in enterprise video networking. FVC.COM manufactures and supports a broad family of interactive video, streaming video and multi-service access products designed for high-quality video delivery. Integrated with voice and data, these products enable applications such as telejustice, distance learning, corporate communications, virtual meetings and telemedicine to be delivered over broadband IP and legacy networks.

FVC.COM's OEM, distribution, and system integration partners include Bell Atlantic Network Integration, British Telecommunications plc, EDS, France Telecom, IBM, Lucent Technologies, NEC, Nortel Networks, Telstra and other leading companies worldwide. Further information about the company is available at fvc.com.
Cautionary Statement

Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes," "anticipates," "expects" and words of similar import. Such forward-looking statements will have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FVC.COM, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: FVC.COM's limited operating history and variability of operating results, market acceptance of video technology, dependence on ATM backbone technology and the Next Generation Internet, potential inability to maintain business relationships with distributors and suppliers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel. management of FVC.COM's growth, consolidation and cost pressures in the video networking industry, dependence on key employees and other risk factors referenced in FVC.COM's public filings with the Securities and Exchange Commission, including the company's report on Form-10 K for the fiscal year ended December 31, 1998.

CONTACT: FVC.COM

Mindy Howe, 408/567-7282 (Public Relations)

mhowe@fvc.com

or

Elyse Phillips, 408/567-7230 (Investor Relations)

elyse@fvc.com

or

Fleishman-Hillard

Aaron Feigin, 415/356-1033

feigina@fleishman.com

KEYWORD: CALIFORNIA WEST VIRGINIA

INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet

with Hyperlinks to your home page.

URL: businesswire.com

Copyright 1999, Business Wire

Companies or Securities discussed in this article:
Symbol Name
NASDAQ:FVCX Fvc.Com Inc



To: sean who wrote (72809)5/3/1999 9:27:00 AM
From: CASINO1  Respond to of 119973
 
SHAL coming out with another IPO [ULAB] today. The last time SHAL doubled in 1 day! It may run up nice today.