To: Sector Investor who wrote (13544 ) 5/18/1999 8:11:00 PM From: cmg Respond to of 42804
MRV Announces the Creation of a Global Technology Mega Site on the Internet CHATSWORTH, Calif.--(BUSINESS WIRE)--May 18, 1999--In a bid to become the Internet destination site of choice for Data Information Technologies, MRV Communications Inc. (NASDAQ:MRVC - news) Tuesday announced plans to rapidly launch a multilingual global technology mega site. The new site is expected to provide the World community with an Internet site devoted solely to technology news, products and services. As one of only a few truly vertically integrated internetworking companies in the world today, MRV is ideally positioned to draw on a wealth of intellectual capital to build the most prominent technology forum. The mega site, which integrates MRV's core competencies in high technology products, combines global technology news with a broad selection of high-technology products and extended services not currently offered on one Internet site. The MRV multilingual mega site will provide consumers, merchants and professionals an Internet site that encourages communication and the exchange of global information on a free basis. The site will offer visitors a comprehensive collection of high-technology products from multiple vendors including routers, switches, software, E-Commerce solutions, network integration, network security and product auctions. In addition, strong technology news content addressing the primary areas of Internet and networking technology will be offered. Services will include a worldwide technical support forum, a network integration unit, vendor Web stores, and promotional, marketing and advertising services. President and CEO of MRV Communications Noam Lotan stated: ''This mega site is the cornerstone of our new Internet strategy. The world is quickly learning that leading companies with infrastructure, products and services will eventually dominate Internet space and become 'category killers' in their respective industries.'' The mega site is currently under development and will be managed by a new MRV company, based in Chatsworth, that will integrate many of MRV's existing online networking and Internet resources.