American Communications Finalizes Reciprocal Carrier Services Agreement with Pensat International Communications, Inc.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--Oct. 25, 2000 American Communications Enterprises, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACEN ACEN Anglican Communion Environmental Network ACEN Assembly of Captive European Nations ) today announced that it has finalized a reciprocal carrier services agreement with Pensat International Communications, Inc. The Agreement is based upon industry standard price, quality of service and payment conditions. In addition to the carrier services agreement, American Communications secured a minority ownership interest in this international ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. and plans on working closely with Pensat as it broadens its communications footprint within the international marketplace. American Communications officials stated: "The Company has now completed the second step of the business model, and expects to have two additional strategic opportunities completed within the next 60 days." Officials added: "We are on a very fast track, and we believe that we will have the Company ready for the merger and acquisition portion of our business model prior to the end of the year." About American Communications ACEN is creating strategic relationships and acquiring complimentary operating companies within the global communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. that have proven management and state-of-the-art technologies. On October 19th, the Company announced a 4 for 1 forward split of its stock with an effective date of November 6, 2000. All shareholders of the Company as of the close of market on November 6 will receive the additional shares. About Pensat International Communications Pensat International Communications, Inc. (www.pensat.com, information at amatini@pensat.com), headquartered in Washington, D.C., is a facilities-based integrated communications provider (ICP). Pensat currently has licenses and operations in the USA, Spain, Brazil, and Syria. Through its Global Consortium Network (GCN GCN Government Computer News GCN Gamecube Nintendo (gaming) GCN GIG (Global Information Grid) Computing Nodes GCN GRB Coordinates Network GCN Gospel Communications Network ), a strategic alliance of foreign carriers, Pensat provides a full array of enhanced communications products and services in Venezuela, The Netherlands Antilles, Chile, Peru, and South Korea. Pensat has network facilities and offices in Madrid and Barcelona, Spain; Sao Paolo, Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē` thĭ zhənĕē`r , Brazil; Damascus, Aleppo, and Lattakia, Syria; USA offices in Washington, DC, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and Omaha; and network facilities throughout the United States. Certain statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results could differ materially from such statements expressed or implied herein. Factors that might cause such a difference include, among others, competitive pressures, the company's ability to successfully implement traffic, constantly changing technology, associated with recently formed entities. As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC. |
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