Belknap Corp. enters into preliminary negotiations to install, operate and maintain telecommunications system in region of Russian Federation.LOS ANGELES--(BUSINESS WIRE)--Sept. 20, 1996--During August 1996, Belknap Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BELN) entered into preliminary negotiations to install, operate and maintain a complete telecommunications system in one of the regions of the Russian Federation Russian Federation: see Russia. . The system will include telephones (both stationary and mobile), paging, data transmissions, voice mail, 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. with worldwide capability, Internet access See how to access the Internet. , banking systems with automatic electronic transfers capabilities, public telephones with debit or pre-paid card capabilities, and alarm systems for local government, commercial and residential customers. In addition to the standard communications services, Belknap will offer a range of Personal Emergency Communications Services based on proprietary technology such as warning subscribers of possible danger areas, vehicle theft prevention, silent alarms in case of unauthorized use of vehicles, warning of approaching emergency vehicles at high speeds, monitoring and tracking of valuable cargo Cargo which may be of value during a later stage of the war. and other specialized services. A possible start of 20,000 subscribers is being negotiated. The company anticipates that the equipment will be supplied by leading U.S. manufacturers of digital wireless networks and a full range of supporting equipment based on the latest communication technologies. In addition to the local calls, Belknap expects to connect the region to the rest of the world working together with established international long distance carriers with satellite connections capabilities. At present, due to the preliminary nature of the negotiations, no other specific information is available. The company expects to complete the negotiations within the next six months. Subject to the results of the negotiations, a full disclosure will be made available. CONTACT: Belknap Corp., Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. Dr. D.E. Onet, 310/248-6333 |
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