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To: Israel who wrote (10401)	5/12/1999 11:00:00 AM
From: Blitz	Respond to of 13776

Does anyone know anything about PFNT? nice news (PR NEWSWIRE) Preferred Networks, Inc. Announces Patent Granted for Platfo Preferred Networks, Inc. Announces Patent Granted for Platform1(TM) Switching Technology ATLANTA, May 12 /PRNewswire/ -- Preferred Networks, Inc. (OTC Bulletin board: PFNT) (PNI), a leading outsourcing services provider to the wireless industry, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office granting all 15 of its patent claims for its "Intelligent High Speed Switching Matrix." This technology is known by the trade name "Platform1(TM) - Innovation by PNI." Mark Dunaway, CEO of PNI, said, "We are delighted to have been granted all 15 of our patent claims. The Platform1(TM) technology provides the basis for a series of products and services that we will begin launching during 1999. Platform1(TM) utilizes the Internet to transport wireless messaging traffic and provides what we believe is greater flexibility and efficiency in the use of telco resources required by companies to provide information services. Products and services to be introduced are planned to include modules to provide Internet access, voice mail/paging, e-mail notification, text to speech, and one number access to multiple communication services." Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides outsourcing solutions to the wireless industry which allow companies to offer branded wireless services directly to subscribers, while relying on PNI to provide high-quality network, technical, and product services. PNI offers its services through its Access Services Division, a provider of wholesale paging network services and information services technical support, and through its wholly owned subsidiaries: Preferred Technical Services, Inc., a provider of paging network equipment installation, maintenance and engineering services; and EPS Wireless, Inc., a national provider of paging and cellular product repair services, sales of new, used and refurbished paging and cellular products and inventory management services. PNI's address on the World Wide Web is www.pni.net . Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including those relating to the competitive position and performance of the Platform relative to alternative products and its expected performance in the market place are forward-looking statements that are subject to risks and uncertainties, including those identified in the Company's 1998 Annual Report on Form 1O-K, and actual results could differ materially from those anticipated in the forward-looking statements. In particular, the Company operates in a highly competitive market place and new product developments by competitors can occur at any time, thereby diminishing the attractiveness of the Company's products. Also, there can be no assurance that the marketplace will find the price and functionality of the Company's products attractive, which also can adversely affect product sales. SOURCE Preferred Networks, Inc. -0- 05/12/99 /CONTACT: David Sullivan, Vice President of Corporate Relations of Preferred Networks, Inc., 770-582-3590/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 109794/ /Web site: pni.net / (PFNT) CO: Preferred Networks, Inc.; United States Patent and Trademark Office ST: Georgia IN: TLS MLM SU: * end of story *