AppliedTheory Announces Plans for National Build-Out New York-Based ISP to Push Costs Down for High-Bandwidth Users.NEW YORK--(BUSINESS WIRE)--July 7, 1998--In a move to lower the cost of bandwidth for high-end users, AppliedTheory Communications, Inc. today announced its plans for national expansion. Beginning with the acquisition of five major PoPs in the Atlantic corridor, AppliedTheory is extending its footprint from New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to Washington DC by the end of the year. This planned growth will pave the way for AppliedTheory's plans to deliver the highest quality Internet services at a fair cost for companies with heavy bandwidth needs. This news follows a recent announcement that AppliedTheory has retained investment from IXC (1) (IntereXchange Carrier) An organization that provides interstate (long distance) communications services within the U.S., which includes AT&T, MCI, Sprint and more than 700 others. See LATA. (2) (IXC Communications Inc., Austin, TX, www. Communications, Inc. (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 : IIXC), a leading "emerging" telecommunications carrier, and Grumman Hill Investments III, a private equity firm. AppliedTheory is using the proceeds from this investment to develop and grow network technologies and expand its specialized services. Through the strategic relationship with IXC, AppliedTheory is also working to build the next generation IP technical infrastructure to meet the explosive demand for data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. by businesses and leading edge institutions like those affiliated with Internet 2, which seek "next generation" Internet capabilities. "The Internet demands more bandwidth. Through our expansion and new relationships, we are poised to build the world's first terabit network, which will drastically improve bandwidth capabilities for those businesses and organizations that crave the next generation of IP technology." Says Richard Mandelbaum, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AppliedTheory. Dr. Mandelbaum continues, "Our long-term goal is to bring the costs of bandwidth down for heavy users so we are developing specialized ways to build the network and our services that will keep our costs fair for our clients while maintaining our standards of excellence, flexibility and value." About AppliedTheory: AppliedTheory is a specialized ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. with national and international reach. AppliedTheory specializes in high-speed Internet See broadband. access, Web-hosting and Web-enabled database integration, serving such clients as the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , General Electric, the U.S. Department of Labor, and Eastman Kodak. More information about AppliedTheory is available via its Web site at http://www.appliedtheory.com.
CONTACT: Middleberg + Associates
Michael Fox
212/888-6610
or
AppliedTheory
Kerry Hanna, Director of Marketing
516/466-8422
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