Covad Chosen for MindSpring's National DSL Launch.SANTA CLARA, Calif.--(BUSINESS WIRE)--June 21, 1999-- Covad Communications (Nasdaq:COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ), a leading broadband access company, announced today that MindSpring Enterprises, Inc. (Nasdaq:MSPG MSPG Mor Strioch Pian Gar (gaming) MSPG Middle School Parents Group MSPG Material/Military Support Planning Guidance ) has signed an agreement where Covad is the preferred provider of 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 (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 ) services to business customers nationwide. MindSpring, a national 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. (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. ) with over one million customers, and Covad also agreed to co-marketing activities, including advertising and web site support. MindSpring recently launched MindSpring Biz, a comprehensive Internet package for the small business market, that will exclusively feature Covad's DSL services. MindSpring Biz is a complete package of Internet access and web-based tools for small businesses, and has the ability to easily scale to accommodate a growing business's needs. With the new MindSpring Biz solution, small businesses have a one-stop resource for everything they need to be successful online, from dedicated Internet access to web hosting, web design and electronic commerce. Covad currently offers DSL-based high-speed Internet access in 33 metropolitan statistical areas (MSAs) and plans to expand availability of its service to 51 MSAs by the end of the year. The major national regions include San Francisco, Los Angeles, San Diego, Sacramento, Seattle, Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Washington, DC, Philadelphia, Baltimore, Chicago, Atlanta and Detroit. Covad's DSL technology allows for high-speed Internet access using the copper phone wires found in nearly all businesses and homes today. Once installed, the high-speed connection is secure, "always on" and always available. This removes the need to dial in each time a user wants to browse the Internet or download email, eliminating delays, busy signals and non-connects. Covad's service provides data connections up to 50 times faster than 28.8K modems for businesses. About Covad Covad Communications Company is a leading high-speed Internet and network access provider offering DSL services through Internet Service Providers to small- and medium-sized businesses and consumers, and sold directly to large enterprise customers. Covad's service is on-line in 13 regions currently encompassing 33 Metropolitan Statistical Areas. Service is available in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Los Angeles, Seattle, Sacramento, 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 , Boston, Washington, D.C., Baltimore, Chicago, Philadelphia, San Diego, Atlanta and Detroit metropolitan areas. Covad has announced plans to deploy its networks in a total of 22 regions, encompassing 51 metropolitan statistical areas nationwide. Covad Communications Company and its affiliates doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. (Nasdaq:COVD). Corporate headquarters is located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 1-888-GO-COVAD; Web Site: www.covad.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995: The statements contained in this release, which are not historical facts may be deemed to contain forward-looking statements, including, but not limited to, deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the Company's dependence on strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update information contained in any forward-looking statement. |
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