Darwin Networks Announces Strategic Business Relationship with Apex Site Management.Business/Technology Editors LOUISVILLE, KY--(BUSINESS WIRE)--April 10, 2000 Agreement Outlines Strategic Relationship for Providing Turnkey Networking and Content Services to Apex-Managed Properties Darwin Networks, a leading high speed Internet access See how to access the Internet. and network solutions provider, today announced a strategic business relationship with Apex Site Management, Inc., a subsidiary of SpectraSite Holdings, Inc. (Nasdaq: SITE). The partnership will allow Darwin to offer networking and content services, including community content portals, virtual private networks and LAN/WAN LAN/WAN Local Area Network/Wide Area Network connectivity, to the nationwide portfolio of Apex-managed properties. "We have selected Darwin as one of the telecommunications companies to recommend to our clients, because they have an innovative product offering that adds value, and because they have the ability to deploy on a national scale," said Lee Frazee, Vice President of Access Leasing for Apex. "Darwin can connect clients with a variety of technologies, allowing it to deploy to buildings more quickly than other carriers. As a data-only provider, Darwin offers more competitive pricing than bundled service providers." Apex, the nation's largest telecommunications property management firm, has already provided over 4,400 sites to both the fixed wired and wireless fiber industries. Within Apex's 14,000-combined site portfolio, it manages the telecommunications rights of over 2,200 multi-tenant offices and flex buildings with more than 250 million square feet and 31,000 tenants. Apex's clients include five of the top ten office REITs and three of the top four hotel REITs in the US. Under the terms of the agreement, SpectraSite will offer SingleSource, a complete turnkey service including all project and construction management services, on mutually agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy properties. SingleSource is the broadband network development solution offered by SpectraSite and Apex. The SingleSource offering provides project and construction management capabilities for network implementation. SingleSource includes the development of infrastructure, common space and/or shelters that will be owned by SpectraSite or Apex. This new offering has been developed specifically for the broadband industry. "Darwin's delivery system and deployment strategy will satisfy owner's and tenant's desires for deliverable service," said Joel Coleman, President of Darwin's Commercial Division. "Apex stands out not only for their ability to get Darwin rooftop access, but also for their equipment installation, which enables us to provide services as quickly as possible. Their SingleSource turnkey approach to rolling out our services nationwide is exceptionally attractive." About Apex Site Management, Inc. Apex Site Management, Inc., a division of SpectraSite Holdings, Inc. (Nasdaq: SITE), is a full service real estate management and consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in negotiating telecommunication access and transmit agreements between property owners and telecommunications companies. Apex is headquartered just outside Philadelphia in Conshohocken, PA and maintains regional offices in Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Boston, Buffalo, Chicago, Dallas, Los Angeles, Nashville, 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 , Raleigh and Washington/Baltimore. Since its founding in early 1995, Apex has amassed more than 12,000 properties under exclusive management agreements in the United States and Canada. Apex currently creates more than $29 million in annual revenue for its clients and bills more than 2,900 site agreements to the telecommunications industry. For more information, please visit www.apexsite.com. About SpectraSite Communications, Inc. SpectraSite Communications, Inc., based in Cary, North Carolina Cary is the second largest municipality in Wake County, North Carolina and the third largest municipality in The Triangle (North Carolina) behind Raleigh and Durham. It is the seventh largest municipality in North Carolina. , is one of the leading providers of outsourced antennae site and network services to the wireless communications and broadcast industries in the United States and Canada. SpectraSite's business includes the ownership and leasing of antennae sites on towers, managing rooftops and in-building telecommunications access on commercial real estate, network planning and deployment, and construction of towers and related wireless facilities. SpectraSite owns or manages more than 15,000 sites, including 2,765 owned towers, in 98 of the top 100 markets in the United States. SpectraSite's customers are leading wireless communications providers and broadcasters, including Nextel, Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , AT&T Wireless, VoiceStream Communications, Tritel Communications, Teligent, Winstar, Cox Broadcasting, Clear Channel Communications Not to be confused with clear channel radio stations, which are AM radio stations with certain technical parameters. Clear Channel Communications (NYSE: CCU) is a media conglomerate company based in the United States. and Paxson Communications. For more information, please visit www.spectrasite.com. About Darwin Networks, Inc. Darwin Networks provides high speed Internet access and network solutions to small and medium-sized businesses; office, flex, industrial and retail properties; apartment, condominium and student housing complexes; hotels and telephone companies; using wireless, wireline, 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 technologies. The company offers a full complement of marketing and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , including training, to assist business owners, property managers and their staffs in marketing and implementing the new services. Darwin Networks has corporate offices in Louisville, Kentucky; San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. ; Seattle, Washington and Walnut Creek, California Walnut Creek is a largely affluent suburb several miles east of Oakland in Contra Costa County, California, USA, in the East Bay region of the San Francisco Bay Area. While not as large as the neighboring Concord, Walnut Creek serves as the business and entertainment hub for the . The company has agreements in place and in progress to launch services in over 20 states. Darwin's investors include Broadband Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (led by Chrysalis chrysalis (krĭs`əlĭs): see pupa. Ventures, LLC), Paul Allen's Vulcan Ventures, Richland Ventures, River Cities Capital and associates of Moore Capital. For more information, please visit www.darwin.net. This press release contains "forward-looking statements" concerning future expectations, plans or strategies that involve a number of risks and uncertainties. The companies described in this press release wish to caution readers that certain factors may have affected their actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the companies. Such factors include, but are not limited to (i) substantial capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and leverage principally as a consequence of their ongoing acquisitions and construction activities, (ii) dependence on demand for wireless and wireline communications, (iii) the success of tower construction programs and (iv) the successful operational integration of the companies' respective business acquisitions. The companies undertake no obligations to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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