ADVISORY/Zhone Technologies Hosts Seminar on FCC Regulatory Changes.

News/Assignment Editors

ADVISORY...for Wednesday (Aug. 2)

--(BUSINESS WIRE)

Discussion Targets Key Issues Facing Carriers as a Result of the

1996 Telecommunications Act 

    WHO & WHAT:
    ----------

    Zhone Technologies, Inc., the first company dedicated to building
    comprehensive delivery solutions for voice, data, and content
    services, will be presenting a free seminar in Seattle, Wash., on
    August 2, 2000. The series will address recent FCC regulatory
    changes that affect the business models of carriers nationwide.

    The event is the fourth in a series of 16 seminars that will take
    place throughout the United States, culminating in New York City,
    in September 2000, and is sponsored by the Association for Local
    Telecommunications Services (ALTS) and X-Change Magazine. Series
    hosts are Zhone Technologies, and Kelley Drye and Warren LLP, a
    leading law firm for the telecommunications industry. The seminar
    will discuss key issues facing carriers as a result of the 1996
    Telecommunications Act, including its effect on network planning
    for CLECs.

    WHERE & WHEN:

    Wednesday, August 2, 2000
    8:00 AM - 12:00 PM
    Four Seasons Hotel
    411 University St., Seattle, WA
    To register call 1-800-290-1046 or visit www.zhone.com/seminars

    BACKGROUND:

    Founded in September 1999 and based in Oakland, Calif., Zhone
    Technologies is a new breed of equipment provider with a new
    vision of product development, delivery, and support for
    telecommunications carriers worldwide. Starting with an
    unprecedented $500 million in funding, Zhone's strategy is to
    combine existing solutions with Zhone intellectual property to
    create a product portfolio that is purpose-built to cost
    effectively supply multi-million-user, next-generation networks
    with a rich array of voice, video, Internet, and entertainment
    services. The company was founded by the senior management team
    that grew telecommunications pioneer Ascend Communications, Inc.,
    from its startup roots to the multi-billion-dollar company
    acquired by Lucent Technologies (NYSE: LU) in September 1999.
    Zhone's initial investors include Kohlberg Kravis Roberts & Co.,
    Texas Pacific Group, and New Enterprise Associates.

    For more information about Zhone, consult the company Website at
    www.zhone.com.