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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (6019)	6/2/1999 11:35:00 AM
From: Ga Bard	Respond to of 9440

EMBU News ... EMB Corporation's JV Partner and American Residential Funding, Inc. Sign Agreement COSTA MESA, Calif., June 2 /PRNewswire/ -- Paul C. Stevens, President of VPN Communications, Inc. (VPNCOM), Joint Venture partner with EMB Corporation (OTC Bulletin Board: EMBU - news) announced today that an agreement has been completed between VPN Communications, Inc. and American Residential Funding, Inc. (AMRES) for a private secured network and high speed internet service. The agreement includes the initial branch connections of high bandwidth services for video, voice, and data for American Residential Funding, Inc. from VPNCOM. DSL network circuits will be provided by Rhythms NetConnections, Inc. back to the VPNCOM National Operations Center in Costa Mesa. Mr. Stevens said, ''VPNCOM will provide the DSL network solutions to the initial three regional hub offices for American Residential Funding, thereby creating an infrastructure and rapid growth potential for (AMRES).'' Mr. Stevens went on to say, ''Its really very simple, by installing a high bandwidth network, with ancillary services, it makes your company more efficient, highly productive, and profitable. American Residential Funding understands that the future is now and is moving forward with the network solutions and internet related services.'' Mr. Vince Rinehart, President of American Residential Funding, Inc. said, ''This DSL network solution will provide superior real time services to AMRES' rapidly expanding NET BRANCH system, with competitive response time and the finest services anywhere. AMRES will continue exploring and expanding our DSL and Internet capabilities, as we also continue to expand our NET BRANCH system.'' Mr. Shipley, President and CEO of EMB Corporation said, ''The Internet is changing the way mortgages are bought and sold, and online mortgage lending is growing at a rate of 200% annually. EMB is positioning itself to participate in the on-line e-commerce business. According to Forrester Research, online mortgages totaled about $265 million in 1997, $725 million in 1998, and by 2005 or sooner, about 10% of the entire mortgage market will be done on Private Secured Networks or the Internet.'' A number of statements contained in this report are forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the Securities and Exchange Commission, including its 1997 Form 10-KSB. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.