Cybersurf Corp. Enters Into Joint Venture Agreement With Crain-Drummond.CALGARY, ALBERTA--(BUSINESS WIRE)--April 23, 1996--CYBERSURF CORP. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CY) Cybersurf Corp. announced today that it has entered into a Joint Venture Agreement with Crain-Drummond, a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. market leader in integrated document management products and services. The deal will see Crain-Drummond sites across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. linked together using Cybersurf's Wide Area Network (WAN). Crain-Drummond provides approximately $200 million dollars worth of document management products and solutions to more than 10,000 corporations across Canada through a network of 9 print plants and 11 distribution centers. Cybersurf is in the process of connecting major markets across Canada using a secure Wide Area Network (WAN). Cybersurf's WAN will allow any company the ability to move information securely between branches in various cities without having to move sensitive information across the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . The first step of the Joint Venture will see Crain-Drummond use Cybersurf's WAN to move its print and company information from one center to the next. The more important application in the Joint Venture will be to use Cybersurf's WAN in each city to allow Crain-Drummond's customers to connect to Crain-Drummond's new digital print centers. The Joint Venture agreement has a short- and a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. component. In the short-term, Crain-Drummond will provide secure space in each city in which they have a sales office or a print center and allow Cybersurf to use this secure space free of charge to house Cybersurf's dial-up and WAN equipment. It is estimated this will save Cybersurf in excess of $50,000 per year in each city into which Cybersurf expands. Crain-Drummond will have direct access to the WAN in each of these locations and will realize a similar savings from the Joint Venture. The long-term component will see Cybersurf working with Crain-Drummond to connect Crain-Drummond's customers in each city to the WAN. This agreement marks the beginning of a new direction for Cybersurf which, until recently, has concentrated solely on developing its unique dial-up Internet access See dial-up. service. Cybersurf has built the first phase of its WAN by connecting together Vancouver, Calgary and will soon add Toronto. In the future they expect to add Victoria, Ottawa, Edmonton and other centers in Alberta. -0- THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE. CONTACT: Cybersurf Inc. Mr. Gary Gardner 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. (403) 777-2000 (403) 777-2003 (FAX) REPEATS: 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 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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