American TeleSource and PrimeTEC Reach Agreement.Business Editors & High-Tech Writers SAN ANTONIO--(BUSINESS WIRE)--Nov. 21, 2000 American TeleSource International Inc. ("ATSI ATSI Aboriginal and Torres Strait Islander (Australia) ATSI Association of Thai Software Industry ATSI Association of TeleServices International ATSI American Transmission Systems, Inc. ") (AMEX AMEX See: American Stock Exchange :AI) announced today the settlement of its lawsuit against PrimeTEC International Inc. and other related parties. All parties are pleased with the outcome but have agreed not to disclose the specific terms of the settlement, which include a combination of cash and services to be paid to ATSI. Arthur L. Smith, ATSI's chairman and chief executive officer, stated, "We are pleased to put this issue behind us and look forward to developing a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" working relationship going forward." In early 1999, ATSI had originally sought to acquire capacity on a fiber optic network that PrimeTEC planned to develop in Mexico and also to terminate traffic for PrimeTEC into Mexico under the ATSI framework of licenses. ATSI now has a long distance concession license, which will eliminate the "middleman mid·dle·man n. 1. A trader who buys from producers and sells to retailers or consumers. 2. An intermediary; a go-between. " and allow the Company to interconnect to the local network and originate and terminate communications services in Mexico for carriers lacking the proper licenses and network facilities to transport their own telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. into and out of Mexico. American TeleSource International Inc. is an emerging international carrier serving the rapidly expanding niche markets in and between Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company's borderless strategy includes the deployment of a "next generation" network for more efficient and cost effective service offerings of domestic and international voice and data. ATSI has clear advantages over the competition through its corporate framework consisting of unique licenses, interconnection and service agreements, network footprint and extensive retail distribution. ATSI's Internet software subsidiary, GlobalSCAPE Inc. (www.globalscape.com), is a leader in the development, marketing, distribution and support of award-winning Internet-based software in a broad array of categories including file management, multimedia utilities and Web site development tools. |
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