Cybersurf finalizes negotiations to purchase Dognet Communications.CALGARY, Alberta--(BUSINESS WIRE)--Dec. 5, 1996--Cybersurf Corp. of Calgary, Alberta, (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CY) an Internet technology and service company, has announced that it has finalized See finalization. the negotiations for the purchase of Dognet Communication Corp. as reported in an earlier press release. Dognet is a Value Added Reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). of LAN/WAN LAN/WAN Local Area Network/Wide Area Network products as well as Telecommunications Services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. in Western Canada
Western Canada, commonly referred to as the West . With more than 15 years of experience in the sales, design and installation of high-end LAN/WAN equipment, Cybersurf expects Dognet to earn more than $750,000 on sales of $2.5 million next year. The purchase of Dognet represents the first step in a diversification plan that began in September, 1996. This diversification plan will see Cybersurf concentrate in three areas for future growth. 1. the Dial-up Internet market; 2. LAN/WAN products and services and 3. software development. Cybersurf's patent pending Virtual T1 technology will allow the company to offer dial-up customers products and services unequaled by conventional access technologies. Cybersurf's LAN/WAN products and services will offer business customers complete desktop to Internet solutions with complete security and privacy of data and communication. Cybersurf's software, aimed at the mass market of the Internet, will feature "free-mail" later this month. "We feel that the purchase of Dognet is an excellent addition for our diversification plans", said Gary Gardner, President and Co- Founder of Cybersurf. "Dognet provides instant market access, immediate cash flow and compliments our committment to become a communications leader in the `New Age Telco' paradigm which is rapidly emerging," added Gardner. Dognet currently has contracts with provincial and national telephone companies, government health and education departments, as well as many contracts with public and private corporations in the retail, transportation, manufacturing and oil & gas sectors. As Cybersurf expands into the US market, Dognet will play a leading role in outfitting the Fortune 500 companies that are the company's target market. Dognet is an authorized reseller for Ascend, Gandalf and Motorola data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. products. Cybersurf trades on the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). under the symbol CY. The Alberta Stock Exchange has neither approved nor disapproved this press release. CONTACT: Cybersurf Corp. Gary Gardner, 403/ 777-2000 INTERNET: http://www.cia.com |
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