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Technology Stocks : eLec Communications Corp. (ELEC) -- Ignore unavailable to you. Want to Upgrade?

To: DELT1970 who wrote (157)	5/24/1999 8:11:00 AM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 330

Sirco is in the news this am....stock had a good week last week, moving from 2.00 to close at 2.50 Friday...this should help move the price this week: (COMTEX) B: Sirco Announces ATM Based Network Build-Out Throughout So B: Sirco Announces ATM Based Network Build-Out Throughout Southeast United States by Access-One Communications and WebQuill STAMFORD, CONN. (May 24) BUSINESS WIRE -May 24, 1999-- Network Designed to Provide xDSL Services; Initial Deployment to Cover 180 Central Offices in 8 States Addressing Approximately 4 Million DSL Qualified Access Lines by Year End 1999 Sirco International Corp. (NASDAQ:SIRC) announced today an ATM network build-out by Access One Communications and WebQuill designed to provide xDSL high speed Internet services throughout the Southeast United States. The companies are currently completing the first two network nodes, which will provide both dial-up and ADSL Internet access to most of central and southeast Florida. Dial-up services are expected to be launched by month end covering all of LATAs 460 and 458. ADSL services are expected to be launched in Orlando during July, and in Miami, Ft. Lauderdale, Boca Raton and West Palm Beach in August 1999. This first phase of the network build-out will include 12 network nodes providing LATA wide coverage in 8 states. The initial nodes will be able to address approximately 9 million access lines of which approximately 4 million have been qualified as ADSL capable with the technology currently being deployed. Kevin Griffo, Access One's President stated, "ADSL service is the perfect solution for our small to medium-size business customer base. With our ADSL service we can provide high speed Internet and other data services comparable to T-1 services to small and medium sized businesses for prices as low as one tenth those of a traditional T-1. With the completion of the e.spire(NASDAQ:ESPI) transaction last month, we now have business customers in each of these initial markets. We will be offering our local and long distance customers dial-up Internet service for a price as low as $4.95 per month in Zone 1 markets. Our initial ADSL service will provide downstream speeds as high as 1.5 Mbps and upstream speeds as high as 256Kbps for a price as low as $49.95 per month." Ken Baritz, Access One's Chairman and CEO, stated, "Many of our "Facilities-First" competitors have elected to deploy networks with a topology that is almost a century old. Our leased facilities arrangement with BellSouth (NYSE:BLS) has released us from the need to build the traditional central office based circuit switch network with a primary design and purpose of providing local and long distance voice services. This network design will allow us greater flexibility to provide the types of services that our customers will demand now and in the future with significantly less capital expenditures." Henry Azer, WebQuill's CEO stated, "We are excited to be working on this project with Access One. Our partnership with Access One will allow us to begin to add xDSL services to our nationwide dial-up Internet access network. In addition to this deployment, we are currently evaluating xDSL solutions in the Northeast. By utilizing ATM switching and xDSL transport technology we will be able to move the network intelligence and vertical services modules to the edges of the network. This will facilitate our ability to rapidly deploy future technologies including Virtual Private Networking ("VPN") and Voice over DSL ("VoDSL") as these and other technologies mature." Sirco International Corp. is a diversified publicly traded company that invests in, develops and incubates Internet and telecommunications-related businesses. Sirco's portfolio of businesses include its wholly-owned subsidiaries, Essex Communications, a New York based CLEC, WebQuill Internet Services, a Connecticut based ISP and Airline Ventures, Inc., a Texas-based E-Commerce Retailer, and its affiliates, Access One Communications, a Florida-based CLEC and RiderPoint, Inc., an online marketer of insurance and financial products. This release contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; the company's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which the company can operate, access new markets, negotiate and maintain suitable reseller and interconnection agreements with the incumbent local exchange carriers, and negotiate and maintain suitable vendor relationships, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements. -0- mj/ny* emb/nmb CONTACT: WebQuill Henry Azer, CEO 203/750-1000 haz@webquill.com or Access One Communications Ken Baritz, CEO 954/714-0000 kbaritz@accessone.org KEYWORD: CONNECTICUT INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. 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