B2BVideo To Roll Out Real-time Managed Video Services Using Metromedia Fiber Network's Optical Internet Infrastructure.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Jan. 4, 2001 B2BVideo Network, a provider of managed video services for business-to-business video communications, has developed the first broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). business video network enabling users to send and receive multiple channels of broadcast-quality video at their PCs over an international fiber network. B2BVideo will use the fiber-optic infrastructure of Metromedia Fiber Network (MFN MFN abbr. most-favored nation ) (Nasdaq: MFNX), the leader in the deployment of optical IP Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructure within key metropolitan areas domestically and internationally, to enable a host of business-to-business IP video applications for the financial industry. B2BVideo Network provides cost-effective broadband video platform supports a variety of video applications, including video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. , video broadcasting and access to third-party business programming. This enables businesses to increase productivity, improve communications with clients and between employees, accelerate change within the organization, enhance collaboration and make more rapid and informed decisions. "MFN provides local fiber-optic connectivity to businesses that demand high-quality video communications," said Cheryl Snyder, chief executive officer of B2BVideo Network. "This infrastructure provides the necessary reliability and bandwidth for us to offer our customers cost-effective video solutions that enable us to put television-quality video on every employee's PC." "MFN's fiber-optic network is robust and scaleable enough to support the delivery of B2BVideo Network's television-quality video to the desktop, regardless of the number of businesses on the network or the number of simultaneous users," said Nick Tanzi, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Metromedia Fiber Network. "The combination of our dark fiber offering and our global IP network is enabling an entire new breed of services to be available in the marketplace." About B2BVideo Network Corporation B2BVideo Network Corporation is privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Rutherford Rutherford (rŭth`ərfərd), borough (1990 pop. 17,790), Bergen co., NE N.J., a residential suburb of the New York City–N New Jersey metropolitan area; inc. 1881. Several pre-Revolutionary houses remain there. , NJ. The company provides managed video services for inter- and intra-enterprise video communications. The company's video platform provides real-time desktop-to-desktop video communications at television quality for video conferencing, video streaming/multicasting and access to business programming. Additional corporate information can be obtained at the company's Web site (www.b2bvideonetwork.com). About Metromedia Fiber Network Metromedia Fiber Network, Inc., the leading provider of end-to-end optical network solutions, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold. Metromedia Fiber Network is extending metropolitan fiber-optic infrastructure to the end-user in strategic top-tier markets, enabling its customers to implement the latest data, video, Internet and multimedia applications. In addition to its current expansion in 51 cities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Metromedia Fiber Network is establishing an international presence with planned fiber-optic network builds in 16 cities throughout Europe. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com. Together with its subsidiaries, AboveNet Communications, Inc., a leading provider of Internet connectivity and co-location solutions for high-bandwidth and business-critical applications, and PAIX PAIX Palo Alto Internet Exchange (Palo Alto, CA peering facility) .net, Inc., the leading neutral Internet exchange See IXP and NAP. , Metromedia Fiber Network is unleashing the full potential of the Internet. The combined company facilitates the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scaleable optical networks and IP services to Internet content and service providers, carriers and enterprise users worldwide. AboveNet is the architect of the Internet Service Exchange (ISX ISX InstallShield Express (Setup software) ISX Internet Service Exchange (Abovenet) ISX Insoluble Starch Xanthate ISX Information Superiority Experiments ISX Infrastructure ISX Incisive Software Extensions ), a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. With its Tier 1 status and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certification, AboveNet is seeking to serve the global community of the Internet. For more information on AboveNet's service offering call 800/475-2733 or visit the company's Web site at www.above.net. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q. |
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