CAIS Internet, Inc. Announces Addition to Management Team.WASHINGTON--(BUSINESS WIRE)--March 18, 1999-- -Company Names Stephen Price to Position of VP, Business Development- CAIS CAIS - Common APSE Interface Specification Internet, Inc. ("the Company"), a high speed 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. deploying patented cost-effective technology for residential and commercial customers, today announced the appointment of Stephen Price to its management as Vice President, Business Development. In his new position, Mr. Price will assist in defining and executing the strategy and development of CAIS Internet's high speed Internet products and services, including OverVoice, the Company's patented, simultaneous telephone and high speed Internet access See how to access the Internet. solution for hotels and multi-residence buildings, and CAIS HyperDSL, the latest in digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and technology. "Stephen brings vast experience in Telecom and Internet transactions to our management team," said Ulysses G. Auger II, Chairman and Chief Executive Officer of CAIS Internet. "He will be an asset in driving the CAIS Internet business model." Before joining CAIS Internet, Mr. Price was sector captain for the Internet industry at ING Baring Furman Selz where, he led the execution of both Internet and Telecom-related transactions. Prior to ING, Mr. Price was an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. with UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Securities where he worked on over $5 billions worth of transactions primarily within the Internet, Telecom, and Biotechnology Industries. Mr. Price graduated from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. with an A.B. in Economics. Company Description CAIS Internet, Inc. is a tier-one Internet Service Provider offering end-to-end high speed Internet services and technologies. Its patented OverVoice networking solution uses existing telephone copper wire to simultaneously transmit voice and data at speeds up to 300 times faster than conventional methods. CAIS Internet provides the most cost-effective, dedicated high speed Internet connections to commercial and residential customers primarily using CAIS HyperDSL digital subscriber line technology and patented OverVoice technology. OverVoice enables the Company to offer a multi-user, dedicated high speed Internet solution to customers by creating an Ethernet local area network in a hotel, multi-dwelling unit or single family home more cost-effectively than alternative technologies, including DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary alone, cable modems or Category 5 ("CAT5") rewiring upgrades. CAIS Internet, Inc. is headquartered in Washington, DC. To learn more about CAIS Internet visit the website at www.cais.com. |
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