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BBAN Executes Agreement To Acquire 100% Of National Internet Portal Network & ISP; Acquisition To Expedite High Speed Internet Network Implementation.


Business Editors

CISCO, Texas Cisco is a city in Eastland County, Texas, United States. The population was 3,851 at the 2000 census.

Conrad Hilton started the Hilton Hotel chain with a single hotel bought in Cisco.
 & OKLAHOMA CITY--(BUSINESS WIRE)--April 7, 2000

BroadBand Wireless See wireless broadband.  International Corporation has executed an Agreement in Principle with Jarvis Entertainment Group, Inc., a Texas based 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.
 and national WebHosting operator, to acquire 100 % of Jarvis for cash and stock.

Jarvis Entertainment Group, Inc. develops and supports content-independent services that create a framework for website development and promotion for use on affiliated websites. Jarvis also owns WWWResourcesNetwork, an Internet web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term.  provider and website developer. In addition, Jarvis owns and operates an Internet Service Provider Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
 (ISP) which currently has approximately 17,000 subscribers in Texas.

Within the past year of operations, the Jarvis Network (JN) has validated its business concept with tangible growth as reflected in the following figures: Jarvis hosts in excess of 86,000 Websites using Jarvis Network services. This clientele is primarily comprised of well established corporate and business customers. Jarvis' hosting activities generates more than 25 million hits (internet page impressions) per month, and is growing rapidly.

The Jarvis Group (including the Jarvis Networks) is ranked by PC Data On-Line in the Top 400 WebHosts internationally.

The executed agreement envisions an aggressive marketing campaign to be implemented over the next ninety (90) days jointly by Jarvis and BBAN BBAN Basic Bank Account Number
BBAN Bulgarian Business Angels Network
 for the rapid deployment of BBAN's High-Speed Wireless Internet Network. This joint effort will be executed by accessing Jarvis' Network's extensive client base and utilizing their extensive internet technical expertise.

"The acquisition of Jarvis provides an immediate acceleration of BBAN's build-out of its domestic High Speed Wireless Internet Network," said Tommy K. Hill, President of the BBAN's International Division and CFO See Chief Financial Officer. . Jarvis is currently a regional internet service provider with both business and residential customers to whom we will market all applicable high speed wireless internet services. "It would be hard to overestimate o·ver·es·ti·mate  
tr.v. o·ver·es·ti·mat·ed, o·ver·es·ti·mat·ing, o·ver·es·ti·mates
1. To estimate too highly.

2. To esteem too greatly.
 the marketing impact of this acquisition in the rapid deployment of the High Speed Networks, because of the immediate access to thousands of potential business customers for BBAN" said Hill.

In domestic markets, Jarvis will act as an important hub of BBAN's high speed network for the Southwestern Region, including Dallas and Houston markets, as well as a Hub for Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. .

Internationally, Jarvis now provides network services to Mexico and has agreed with the International Division to assist in the build-outs of high speed wireless networks in Venezuela, Nicaragua, Uruguay, Honduras, Argentina and Brazil.

BBAN envisions Jarvis serving a vital role in the implementation of the "Global Virtual Private Network", reaching 24 countries in 24 months.

This document includes forward-looking statements, made under the Safe Harbors Provision 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. Such forward-looking statements are generally identifiable by the use of the words such as "believe," "expect," "intend," and other words of similar nature. These statements are based on management's current expectations, estimates and projections that are subject to risk and uncertainties, including, but not limited to success of negotiations, availability of financing, political currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. BroadBand Wireless International Corporation does not undertake, and specifically disclaims any obligations to update forward-looking statements, which speak only as of the date made.
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Publication:Business Wire
Date:Apr 7, 2000
Words:530
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