BLS Funding Selects NetWolves' Managed Services Offering.Business Editors/High-Tech Writers TAMPA, Fla.--(BUSINESS WIRE)--June 15, 2004 NetWolves Corp. (Nasdaq:WOLV), a global network continuity and security provider, today announced that full-service mortgage company BLS See Bureau of Labor Statistics. Funding has selected NetWolves' Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality Offering (MSO (1) (Multiple System Operator) Typically refers to a cable TV organization that owns more than one cable system, but it may refer to an operator of only one system. ) to support its offices in eight states. BLS Funding originates approximately $1.5 billion in mortgage loans annually, which requires transmitting and receiving large volumes of sensitive financial data. In order to ensure the privacy of its customers and the security of its networks, the company has selected an MSO featuring an ICSA-certified firewall, IPSec VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. , intrusion detection See IDS and IPS. , Intelligent Failover and broadband backup connectivity, with complete monitoring and maintenance. Using NetWolves' MSO, BLS has significantly improved the security and performance of its networks. "We chose the NetWolves MSO in order to provide improved security and reduced network downtime that we sometimes experienced due to the large volumes of data we transmit among our offices nationwide," said Frank Fiore, 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. for BLS Funding. "NetWolves provides a single-source solution and simple monthly billing plan, which enables us to run our IT operations efficiently." "Companies like BLS Funding are facing extreme pressure to increase their bandwidth and manage their network performance in order to grow and remain competitive," said Walter M. Groteke, chairman and chief executive officer for NetWolves. "We provide them with ubiquitous broadband network coverage and redundancy without the hassle and cost of traditional security equipment deployments, upgrades and updates. Our MSO solution enables BLS Funding to focus on its core business - originating mortgage loans - while keeping its IT costs as low as possible." About BLS Funding Founded in 1995, BLS Funding is a full-service mortgage company originating approximately $1.5 billion in mortgage loans annually. BLS is licensed to operate in 30 states. With its corporate headquarters in Jericho, New York Jericho is a hamlet (and census-designated place) in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the CDP population was 13,045. , BLS has offices in Oakland, CA; Deerfield Beach Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , FL; Burlington, MA; Denver, CO; West Long Branch, NJ; 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 , NY; and Scottsdale, AZ. BLS can be found on the web at http://Refinance.com, http://FastCash.com, http://BLSFund.com. About NetWolves Corporation NetWolves Corp. is a global network continuity and security provider that supports in excess of 1,000 companies in more than 65 countries. As a neutral FCC-licensed carrier with a proprietary network communications and management infrastructure, NetWolves provides a cost-effective, comprehensive and reliable network communications service. Some of NetWolves' customers include General Electric, Swift Transportation Swift Transportation was founded by Jerry Moyes originally as Common Market. The operations began in 1966 transporting imported steel from the ports of Los Angeles to Arizona, and then returning with Arizona cotton to be delivered to Southern California. , Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were , McLane Company McLane Company, Inc. is the nation's largest wholesale-distributor of consumer packaged goods to the convenience store trade and other retail channels. It is also a major foodservice distributor to the quickservice restaurant industry. , JoAnn Stores, The Sutherland Group and Marchon Eyewear. NetWolves is headquartered in Tampa, Fla. Additional information is available at http://www.netwolves.com or by calling 1-888-638-9658. Forward Looking Statements All statements other than statements of historical fact included herein, including without limitation statements regarding the Company's financial position, business strategy, and the plans and objectives of the Company's management for future operations, are forward looking statements. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, ability to raise additional funds, competitive factors and pricing pressure and capacity and supply constraints. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, uncertainties, and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. |
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