Crescent Broadband Teams With Security Consulting Firm to Provide Next Level Internet Protection.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Feb. 11, 2002 Crescent Communications Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCES CCES China Civil Engineering Society CCES Canadian Center for Ethics in Sport CCES Contingency Communications Extension Switch CCES Corporate & Continuing Education Services CCES Command Center Evaluation System CCES Child Custody Evaluation Service ) announced it has signed a joint venture agreement with Pankau Consulting, (www.pankau.com) to develop and design a "hacker-proof and security protected" environment for Internet-based clients. The venture will be called Cyberfoil Corporation, and will be a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Crescent Communications Inc. The company will provide a full range of computer security and investigative services to protect businesses depending on their computers for information and will provide analyses of Web sites and corporate network security flaws for its Broadband customers. Cyberfoil will provide its clients a means to be both proactive and reactive in their goal to secure their Web sites and networks from theft, fraud and abuse. Further, the new company will be fully HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, (Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when of 1996) compliant and will provide its clients with the means to meet the new HIPAA rules relating to the protection of medical information that go into effect in 2003. "Since 911, the world has become much more security conscious and alert to the threat to their company information and technology. Teaming up with Pankau Consulting, an internationally-renowned security and investigative services consulting firm, will enable Crescent Broadband to provide secure internet services and state-of-the-art security and investigative services to any Web site in the world," stated Manfred Sternberg, 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. . "Through the combined abilities of our firms, we can help protect millions of Web sites who are at risk from hackers, identity thieves and company destroying viruses and offer ASP a means to meet HIPAA compliance sets that become law in 2003," stated Ed Pankau. About Pankau Consulting Pankau Consulting is a Houston-based security consulting and private investigative agency that specializes in providing corporate security solutions and comprehensive financial investigative services to companies throughout the world. Its founder and president, Edmund J. Pankau, is one of the nation's foremost experts on the investigation of financial crime and the computerization of the investigative industry. He is also a best selling author, editor and frequent speaker at computer, security and investigative conferences worldwide. About Crescent Broadband Crescent is a broadband network service provider (NSP (1) (Network Service Provider) An organization that provides a high-speed Internet backbone to ISPs and other service providers. Sprint, MCI and UUNET are examples of NSPs. See Internet backbones. ), focused on the small business (one-100 employees), mid-tier business (100-1000 employees), Multi-tenant Unit (MTU (1) (Maximum Transmission Unit, Maximum Transfer Unit) The largest frame size that can be transmitted over the network. For example, an Ethernet MTU is 1,500 bytes. Messages longer than the MTU must be divided into smaller frames. ) and Multi-Dwelling Units (MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. ). Crescent provides fixed broadband wireless, xDSL, ATM and traditional technologies using several network partners such as Level (3), SBC Communications and IP Communications, connecting enterprises to the Internet at speeds ranging from 128Kbps to 155 Mbps. The company also provides application hosting/delivery, managed VPNs (Virtual Private Networks) and Managed Firewall services from its ATM core backbone network. 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. |
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