CyPost To Sell Internet Services To Telecommunications Provider.Business Editors & Technology Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 24, 2002 NetRover Inc., 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 CyPost Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :POST) and Universco Americas Inc. (Universco), an integrated telecommunications provider, today announced an agreement enabling Universco to resell under private label NetRover's broadband, and web-hosting services. "We are very pleased to announce Universco as our newest channel partner," said Pezhman Sharifi, vice president of business development at CyPost. "There is considerable synergy between the respective companies, and we look forward to immediately helping Universco serve broadband and hosting offerings to its business customers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . We believe our network, provisioning and operational capabilities give us a strong competitive advantage in meeting the needs of companies such as Universco." "This agreement enables Universco to leverage the hosting and broadband networking technologies developed by CyPost, thereby, reducing Universco's capital cost requirements, and time to market for the respective services to our business customers," said Talal Yassin, President and 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 Universco. About CyPost Founded in September 1997, CyPost Corporation, via its wholly owned subsidiaries, offers a full range of consumer Internet access services and a broad selection of business services, both of which are offered nationwide throughout the United States and Canada. These services are tailored to the specific demands of both its business and residential customers and include connectivity, server co-locations, e-mail, Web hosting, high-speed Internet access and other value-added services. CyPost is also positioning its business to enter the managed security service provider market (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) to provide its Network of Service Providers additional privacy and protection solutions such as managed anti-virus, firewall, VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. , intrusion detection and filtering services About Universco Universco Americas Inc. (www.universco.net) is a British Columbia - based integrated Telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. who is deploying last mile data and telecommunications networks in underserved regions throughout North America. The last mile of any telecommunications network (the "gap" between the ubiquitous backbone networks and the end user) continues to be the main bottleneck of telecommunications networks everywhere. Universco has begun the first of its planned network deployments in Vancouver, British Columbia, Canada. Universco is planning an aggressive expansion into 28 markets throughout North America over the next several years. Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the 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. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect CyPost Corporation's business and prospects and cause actual results to differ materially from these forward looking statements. |
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