Berens Industries Inc. to Provide High-Speed Internet Access to Asia.Business Editors & Technology Writers HOUSTON--(BUSINESS WIRE)--March 28, 2000 Berens Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BEII) announced that it intends to offer high-speed broadbrand internet access See how to access the Internet. to Asia from its branch office in Kuala Lumpur Kuala Lumpur (kwä`lə l m`p r), city (1990 est. pop. , Malaysia. Operations are expected to begin in the third quarter as deregulation DeregulationThe reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. for Internet providers are expected to be approved in Malaysia. Singapore will deregulate deregulate To reduce or eliminate control. One of the major forces in the financial markets in the 1970s and 1980s was the federal government's decision to deregulate interest rates. its Internet provider restrictions effective April 1, 2000. Services will be offered through the Company's existing 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. division, BEII Network Communications. The Petra Group recently signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to acquire a local company which has a five-year contract to provide Interactive Multimedia and eCommerce services to Malaysia's largest television station, TV3, which is also seen in Singapore. TV3 reaches approximately 2.5 million households with a 50% market share in Malaysia. It has a cable TV subsidiary called MegaTV, which is Malaysia's second-largest cable company with approximately 75,000 subscribers. The largest cable company, Astro, is a satellite cable provider with approximately 300,000 subscribers. Astro's subscribers must purchase the satellite dish satellite dish n. A dish antenna used to receive and transmit signals relayed by satellite. satellite dish A parabolic antenna used to receive signals relayed by satellite. in addition to paying for their monthly cable programming and monthly Internet access. Astro's Internet customers pay by the minute for Internet access. BEII intends to provide Internet access directly from the cable box that the MegaTV subscribers receive as part of their monthly package. MegaTV's subscribers pay a monthly subscription charge of approximately US$50 for cable programming versus Astro's estimated charges of $100. The total market for ISP services in Malaysia alone is approximately $3 billion. "We want to become the AOL-Time Warner of Asia providing broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a services," stated Marc I. Berens, 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 BEII. "We estimate that we will eventually surpass Astro as more customers switch to our lower cost faster Internet service. Since we were introduced to the Asian marketplace, we noticed a definite technological advantage we could provide from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In Asia, many ISP's are only delivering 28K dialup services. We have been exploring high-speed data access lines since our tie-up with Petra last year to link our offices with theirs. In doing so, we noticed that we could also link up other Asian countries to our own internal ISP and resell these services to the region. We intend to rapidly expand in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. and are seeking relationships with major partners in Singapore, Indonesia, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Thailand and Japan. With our recent business partner agreement with Interliant (Nasdaq:INIT), we believe that we could supplement our own Web site hosting services with Interliant's advanced back office services or even team up with a local Asian hosting provider. Through Petra, we can offer Web design, network integration and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in four languages from their own National Calling Center based in Kuala Lumpur. Artmovement and Streaming Auctions links will be prominently featured on all Web sites driving traffic to our auction network. It's a win-win situation for everyone." About The Petra Group The Petra Group is a medium-sized Asian conglomerate involved in Internet Technologies through its ownership of Syukur.com, one of the world's only Modern Muslim information portals and news services. Syukur has received approximately 30 million hits since its inception four months ago. Petra also owns Dialogue Interactive, which is an IT development firm specializing in software and programming; Mania Holdings, which owns Gomania.com, Orchard-Road.com, NoQ.com and Worldhighstreet.com (the last two still in development) which are eCommerce, destination and event ticketing sites patterned after Priceline.com. Petra's Technologies Division owns the world's only U.S. patented recycling process for tires and waste rubber and the world's only deproteinization process for medical gloves for the U.S. medical market (a $4 billion market). Petra's Property and Infrastructure Development Division owns several Cyber-real estate development properties in Malaysia and is developing a $600 million water project in Zimbabwe. Through its Multimedia Entertainment Division, Petra has formed a joint venture with award winning U.S. actor/director Forest Whitaker to establish and develop an Asian entertainment portal as well as develop animation technologies, which are applicable to the Internet. About Berens Industries Inc. Berens Industries provides eBusiness solutions that are instantly deployable on client Web sites and portals using simple, rent-based pricing. In partnership with leading solutions providers, Berens provides a turnkey solution to bundling proprietary software with managed, ASP hosting and value-added news and information services See Information Systems. . Its flagship product, Streaming Auctions, is the first auction network for the art and auction community to aggregate Private Label auctions under an affinity community of buyers and sellers. Each licensee receives an Auction Hall for their own Web site. As part of Berens' complete solution, dealers and galleries also receive managed-server hosting and scalable bandwidth from Interliant Inc. (Nasdaq:INIT). Product features include; automated billing, invoicing, shipping, escrow services, Mayer Book appraisals and category subleasing with useful amenities such as messaging, calendaring, discussion groups and event advertising. Berens owns exclusive rights to bundle the Mayer International Auction records database with commercial Internet applications. This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. |
|
||||||||||||||

m`p
Printer friendly
Cite/link
Email
Feedback
Reader Opinion