AMNEX announces 1+ coin activation schedule Bell Atlantic on-line.NEW YORK--(BUSINESS WIRE)--Nov. 14, 1995--AMNEX INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SYMBOL: AMXI) today announced that it has completed the deployment of its 1+ coin network facilities in the following areas within the Bell Atlantic region; the entire state of New Jersey, Philadelphia, Washington DC and metro area, Baltimore, and Scranton. In addition to the network installation, actual traffic on line within Bell Atlantic exceeds 100,000 minutes per month with significant increases being added daily. In the NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange region, a successful test of the 1+ coin services has been completed. An aggressive conversion plan is scheduled which will result in 90% of the NYNEX region being in service by mid-January, 1996, with the so-called Downsate LATA (NYC NYC abbr. New York City NYC New York City , Long Island and parts of Westchester) in service by year end 1995. This will represent approximately 80% of the company's LEC (1) (LAN Emulation Client) A software driver that provides LAN emulation (LANE) in an ATM network. It resides in an ATM end station or in a computer system that provides the LAN to ATM conversion, often known as a LAN access device. See LANE. phone base. In addition, significant testing has commenced in the BellSouth, Ameritech and Southwestern Bell regions. Expected activation within these regions should be completed within the first few months of 1996. Peter M. Izzo, Jr., chief executive officer of AMNEX Inc. stated, "I am pleased that the 1+ coin activation is moving right on schedule, as I am convinced this service will have a material impact on our 1996 revenue and earnings." AMNEX Inc. is a provider of enhanced telecommunications products and services including direct dial and operator assisted long distance calling, full service network management, value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. information services and enhanced wireless information delivery. The AMNEX network provides an "open" architecture that is extremely flexible and robust allowing AMNEX to offer a total telecommunications solution to a growing number of sophisticated telecommunications consumers. CONTACT: AMNEX Inc. Kenneth G. Baritz, 212/867-0166 |
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