DSL.net's Integrated Voice and Data Service Offering to Use Award-Winning BroadSoft Platform.Business Editors NEW HAVEN New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , Conn.--(BUSINESS WIRE)--Sept. 4, 2003 Solution Offers Business Customers Functionality, Flexibility and Value 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 .net, Inc. (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 : DSLN), a leading nationwide provider of broadband communications services to businesses, today announced that its new integrated voice and data service offering will utilize software applications from BroadSoft(R), Inc., a leading provider of hosted communications platforms. BroadSoft's BroadWorks(R) platform will provide a wide range of applications, including IP Centrex A telephone service in which an IP-based PBX is located in the telephone company's facilities. It connects to the customer via the LAN rather than by telephone wires. IP CENTREX offers voice over IP and other IP-based services as well as connectivity to the regular telephone system (PSTN). , Hosted PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). and Voice 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. , for DSL.net's NETgain One T-1 integrated voice and data service, as well as for a DSL-based integrated voice and data product that DSL.net plans to introduce later this year. "The BroadSoft platform offers us best-of-breed back-office integration and network intelligence for our integrated voice and data bundled service offerings," said Keith Markley, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of DSL.net. "In addition, BroadSoft applications can translate into significant functionality, flexibility and value for our business customers." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Tessler, president and chief executive officer of BroadSoft, "DSL.net is an important and growing relationship for BroadSoft because DSL.net has assembled a high-quality nationwide broadband network with a strong concentration of network assets in the business-intensive mid-Atlantic and Northeast regions. In addition, DSL.net already has business customers using converged voice and data services in the greater Washington, DC, metro region and has new financing in place for accelerating the deployment of its integrated voice and data communications services to other major markets." As previously announced, DSL.net will use a portion of the $30 million in new financing that it closed this summer from Deutsche Bank and VantagePoint Venture Partners to expand the roll out of DSL.net's integrated voice and data services to the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. region, Northern New Jersey, the Boston metro area and parts of Connecticut. "The combination of BroadSoft software applications and Cisco Systems infrastructure equipment over the DSL.net broadband network will allow us to offer a very formidable product to businesses looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. highly reliable, bundled data, long-distance and local telephone services at an attractive price," added Markley. About BroadSoft BroadSoft is a leading provider of hosted communications platforms. BroadSoft holds the largest market share in the Hosted PBX and IP Centrex space with the most announced customers. Recognized worldwide, BroadSoft has recently expanded its global customer base to include Telstra, the incumbent carrier in Australia. BroadSoft also closed its third round of $32.5 million in funding in September 2002, raising a total of $60 million to date from leading venture capitalists and was recently named to Boardwatch's list of The Top 10 Private Companies. The company's flagship product, BroadWorks, provides a comprehensive range of applications including Hosted PBX, IP Centrex and Voice VPN. Leading telecommunications industry publications, such as Communications Solutions, Internet Telephony and Network Magazine, have recognized BroadWorks as "Product of the Year." BroadSoft is located near Washington, DC, in Gaithersburg, MD, and maintains a research and development facility in Montreal, Canada. Additional information can be found at www.broadsoft.com. About DSL.net DSL.net, Inc. is a leading nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services; as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, e-mail info@dsl.net or call 1-877-DSL-NET1 (1-877-375-6381). This press release contains forward-looking statements 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. These forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, (i) DSL.net's unproven business model, which may not be successful; (ii) DSL.net's ability to execute its business plan in a timely manner to generate the forecasted financial and operating results and liquidity; (iii) risks associated with the possible removal of DSL.net's common stock from the Nasdaq SmallCap Market, which removal could adversely impact the pricing and trading of DSL.net's common stock; (iv) regulatory, legislative and judicial developments, which could adversely affect the way DSL.net operates its business; (v) risks associated with the completion of DSL.net's pending acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. and subscriber lines from TalkingNets, Inc.; and (vi) the risk that DSL.net's stockholders do not approve the matters required for the issuance of the remaining warrants to purchase shares of DSL.net's common stock in the Deutsche Bank-led financing, or that other conditions to the issuance of such warrants are not satisfied or waived by January 14, 2004, in which case DSL.net may be obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to then repay the $30 million raised in such financing. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DSL.net undertakes no obligation, and disclaims any obligation, to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors'' in DSL.net's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002, which has been filed with the Securities and Exchange Commission. DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners. |
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