ClearWorks.net Takes Next Step With SEC; ClearWorks Receives Next Round of Comments.HOUSTON--(BUSINESS WIRE)--Oct. 8, 1999-- ClearWorks.net (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CLWKE) announced today that the Company has received SEC responses to the amended Form 10-SB that was filed on Monday, September 20, 1999. The Company's CFO See Chief Financial Officer. , SEC counsel and corporate counsel are working diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d and efficiently to quickly respond to the routine SEC comments. ClearWorks.net anticipates that a response will be filed with the SEC eminently. ClearWorks.net is one of the nation's leading providers of Fiber To The Home (FTTH (Fiber To The Home) See FTTP. ) for the delivery of Bundled Digital Services(SM) including high speed Internet connectivity, dial-tone, digital multi-channel video, on-demand video rental and other digital services. Michael T. McClere, 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 ClearWorks.net stated, "We are extremely pleased with the progression and the direction of this process. The comments received from the SEC are very standard in nature. We are scheduled to provide responses to the SEC comments well prior to the October 20th deadline. We are very aware of the importance of becoming fully reporting and our management team will put forth every effort possible to ensure a timely completion to this process." Mr. McClere added, "ClearWorks.net has not wavered from the Company's business plan of aggressively pursing new contracts and growth. We will continue to push forward and strive to build ClearWorks.net into one of the nation's leading providers of state-of-the art technology." ClearWorks.net is a provider of voice, data and video services utilizing high-speed bandwidth for both commercial and residential customers. ClearWorks.net pre-wires new and existing homes, apartments, schools and commercial building with fiber-optic networks, enabling them to receive the latest computing and telecommunications technology. ClearWorks.net is also a pioneer in the concept of Bundled Digital Services(SM) and providing Fiber To The Home (FTTH) and is on the leading edge of a trend to increase Internet bandwidth to consumers of all types nationwide. New high bandwidth Internet applications such a high-resolution video security systems, IP video streaming See streaming video and video stream. , video on demand, and 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. will be supported by their fiber-based access. ClearWorks.net's fiber optic Bundled Digital Services(SM) provides subscribers with Internet connections at a bi-directional speed of up to 100 megabits per second (unit) megabits per second - (Mbps, Mb/s) Millions of bits per second. A unit of data rate. 1 Mb/s = 1,000,000 bits per second (not 1,048,576). E.g. Ethernet can carry 10 Mbps. , which is 2,000 times faster that with a 56K modem dial-up connection. Certain statements in this release are forward-looking. Although ClearWorks.net (the Company) believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Tech Technology Services, L.L.C. (TTS (1) See text-to-speech. (2) (Transaction Tracking System) Software that monitors a transaction until completion. In the event of a hardware or software failure, it ensures that the database is brought back to its former state before the attempt to ) is a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm employed by the Company. Statements and opinions presented here represent the views of the Company, not TTS, as the release is based on information provided by the Company. TTS and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. TTS and its employees can have a position in the securities of the companies in which it distributes information for media use, and may be buying or selling securities in the course of its regular business. |
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