Cybertel Continues Expansion with LDVL.com Acquisition; Merger with DSL-based Web Company Opens Up High-Tech Infrastructure for National VoIP Services.Business Editors & High-Tech Writers LA JOLLA, Calif.--(BUSINESS WIRE)--April 25, 2000 Cybertel Communications Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYTP.OB) announced today that it has acquired LDVL LDVL Language Definition and Versioning Language .com, a leading New York-based 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 ) service provider, giving Cybertel access to their high-speed Internet infrastructure. This latest acquisition comes at a time when Cybertel is rapidly expanding its B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. service capabilities and building its national Voice-over Internet Protocol (VoIP) network. Cybertel is on the leading edge of a major movement to carry long distance telecommunications traffic over the Internet, which can potentially save residential and commercial customers tens of millions of dollars in toll charges versus traditional carriers. The acquisition gives Cybertel immediate access to LDVL.coms existing network of commercial DSL and Symmetric Digital Subscriber Line Symmetric Digital Subscriber Line (SDSL) is a Digital Subscriber Line (DSL) variant with E1-like data rates (72 to 2320 kbit/s). It runs over one pair of copper wires, with a maximum range of about 3 kilometers. (SDSL See DSL. SDSL - Single-line Digital Subscriber Line ) circuits throughout the nations major metropolitan markets and the additional technical expertise of LDVL.coms leading industry veterans. "Weve been talking with LDLV for several years now, discussing the best way to integrate our VoIP applications with their state-of-the-art high speed infrastructure," says Richard Mangiarelli, 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 Cybertel Communications Corporation. "The acquisition which enables us to easily add our VoIP technology to the existing lines with minimal effort will help bring many of the pieces of our puzzle together and open up a lot of new revenue streams for Cybertel. The LDVL.com team is widely recognized as having some of the best and brightest tech people in the country and they are all ready to use their knowledge to put our combined expansion on the fast track." The two companies will work very closely to roll out a variety of new telecommunications and Internet services in major markets over the next few months. LDVL is one of the few Internet Service Providers (ISPs) in existence to offer commercial SDSL services, enabling symmetric data rates from 192 kbps to 1.5 mbps. LDVL is also at the vanguard of Virtual Private Networking (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. ), a technology that allows a traditional Internet connection to function in part or in whole as a dedicated line for the purpose of connecting remote locations. Cybertel announced earlier that it plans to have switches in place in 14 major U.S. markets by the end of the year, helping it move closer to its ultimate goal of becoming a Tier 1 telephone service provider. Besides its DSL and SDSL offerings, LDLV.com offers high-end Web developing and consulting services. The company is also expected to help Cybertel fully integrate its others recent acquisitions, Telenomics and Lakedat.com. "Cybertels acquisition of LDVL is the latest step in developing an integrated family of business-to-business (B2B) and business-to-customer (B2C) service offerings," continues Mangiarelli. "LDLV utilizes Covads (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : COVD COVD College of Optometrists in Vision Development COVD Covad Communications Group (stock symbol) ) as its nationwide DSL service provider and Digex (NASDAQ: DIGX) as its global service provider for high-speed Internet access, web hosting and e-mail services. Redback Networks (Nasdaq: RBAK RBAK Redback Networks Inc. (stock abbreviation, AMEX) rBAK Remote Backup ) supplies the company with its Subscriber Management Systems. With the integration of these DSL and SDSL technologies, Cybertel can continue our growth in the ever-expanding world of Internet telephony." About LDVL.com LDVL is provisioning business-class DSL services in Metropolitan New York and surrounding areas. The company also provides web hosting, email hosting and Virtual Private Networking. LDVL is focused on providing top-notch products at some of the best prices available today. It is uniquely positioned to provide unsurpassed service through its state-of-the-art technology and top-tier technology partners. LDVL offers Covads commercial SDSL services, which includes symmetric data rates from 192kbps to 1.5mbps, as well as VPN services. Additionally, they offer a full suite of traditional ISP services including Internet access, web hosting and email services as provided by Digex. They anticipate offering commercial-grade ASP services in the second quarter of 2000. LDVLs officers include its president, Kevin Johnson, who had previously served as President of Walsh-Lowe & Associates (recently named one of the top 25 technology consulting firms in New York). Its chairman is John Manzione and Vince Griffo serves as vice president and general manager. Manzione has served as President of TVI (Telecom Ventures, Inc.), one of the top Bell Atlantic sales agents for the past 12 years, and is also a leader in the field of telecommunications trends. Griffo founded the first screen-based inter-dealer government bond broker in 1970. Most recently, Griffo has been involved in new technology introductions for the financial community. About Cybertel Cybertel Communications Corp. is a La Jolla, California-based Voice over the Internet Telephony (VoIP) company in the process of building a state-of-the-art Internet Telephony network throughout the United States. Cybertel has recently signed contracts with other major carriers like MCI/Worldcom (Nasdaq: WCOM WCOM MCI/Worldcom (stock symbol) WCOM Windows Component Object Model WCOM Wireless Communication ), Bell Atlantic Corp. (NYSE NYSE See: New York Stock Exchange : BEL) and Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. (Nasdaq: LVLT LVLT Level 3 Communications, Inc. (stock abbreviation, AMEX) ), which have made it possible for Cybertel to offer 1+ long distance, 1-800 numbers, regular and pre-paid calling cards and Internet access at some of the most competitive rates on the market today. Cybertel is a fully reporting company, listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol OTC BB: CYTP. For more information please also visit Cybertels Web site at www.cybertelcorp.com. Safe Harbor Statement under 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: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Varitek Technologies Group (the Company) to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the companys Annual Reports and other filings with the Securities and Exchange Commission.) In addition, description of anyones past success, either financial or strategic, is no guarantee of future success. The Company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the Company. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof. Merger Communications (Merger) is a media relations firm employed by the Company. Merger and the Company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger Communications, its officers, directors and employees own 49,000 restricted shares of company common stock, and are also entitled to 15,000 restricted shares and hold warrants enabling it to purchase another 100,000 restricted shares at $5.00/share and has received $24,000, as compensation for services Merger performed for the Company between 1/15/99-1/15/00. Merger currently receives a monthly retainer of $2,000 and warrants that enable it to purchase 4,000 restricted shares at $5.00/share per month pursuant to a long-term agreement with the Company, which includes the preparation of press releases. Merger typically has a long position in the securities of the companies in which it publishes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Mergers services, visit www.mergerusa.com. |
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