Data Return to Provide Managed Hosting Services to HoustonStreet Exchange; Online Energy Exchange Selects Data Return for Proven Support and Technical Expertise.Business/Energy Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--May 29, 2001 Data Return Corporation (Nasdaq:DRTN), a leading global provider of managed hosting services, today announced that HoustonStreet Exchange, an independent online energy exchange and technology solutions provider, has signed a contract for managed hosting services. Data Return will deploy and manage the Internet infrastructure to support HoustonStreet's online energy exchange. "Working with Data Return is critical to our success," said John Wyman, chief technology officer of HoustonStreet. "Our online exchange is the foundation of our business. With Data Return's help, we can provide stable, real-time online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. to our customers. The trading community already considers us to have one of the best online energy exchanges, and we are confident that by engaging Data Return's services and drawing upon their Microsoft expertise, we will be able to provide an even better service to our customers as well as save time and money." By working with Data Return, HoustonStreet's customers -- traders from large energy companies -- can easily buy and sell crude oil, refined products or electricity on HoustonStreet.com. More than 250 companies rely on HoustonStreet for their energy trading needs. Additionally, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. the management of its online presence to Data Return will enable HoustonStreet to focus exclusively on its core business -- creating a high performance, intuitive Internet-based energy trading platform for its customers. "We are proud to offer HoustonStreet the application hosting and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality they need to provide their customers with access to dynamic data and the ability to make trades in real-time via the Internet," said Sunny C. Vanderbeck, Data Return chairman 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. . "This collaboration is a testament to HoustonStreet's ongoing commitment to provide a superior experience for the online energy trading community." About HoustonStreet Exchange HoustonStreet is an online energy services company expanding to provide the energy industry an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. in the wholesale market. HoustonStreet.com currently offers power, crude oil and refined products Web-based trading exchanges and will add natural gas in Q2 2001. As an independent exchange, HoustonStreet.com allows third parties to post bids and offers to buy and sell their energy products faster, more efficiently and more easily than through traditional methods. In addition, HoustonStreet offers system integration, data delivery and analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. products and services to its customer's through HoustonStreet Solutions, the software and services arm of HoustonStreet. HoustonStreet Inc. is headquartered in Portsmouth, N.H., with offices in Houston and a foreign subsidiary office in London, England. About Data Return Recognized by Microsoft as the Windows 2000 Global Hosting Partner of the Year, Data Return specializes in providing high-availability managed hosting services for companies whose applications are based on Microsoft technologies. These services are utilized by many leading enterprises including Microsoft, Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. , RadioShack.com, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , H&R Block and The World Bank. Data Return also provides managed infrastructure services for the rapidly growing market of Application Service Providers (ASPs). Data Return strategic investors and Global Alliance Partners include Microsoft, Compaq Computer Corporation and Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. . For more information, visit www.datareturn.com. This press release contains forward-looking information. Statements made in this press release that state Data Return's or management's intentions, plans, beliefs, expectations or predictions of "future events" are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results may differ materially due to a number of risks, including changes in external competitive market factors, changes in or an inability to execute Data Return's business strategy, unanticipated changes in the hosting industry, the economy in general and changes in the use of the Internet. Data Return cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Factors Affecting Operating Results" in Data Return's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the Quarter Ended December 31, 2000 and are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. The forward-looking statements contained herein represent the judgment of Data Return as of the date of this release, and Data Return disclaims any intent or obligation to update or revise such forward-looking statements to reflect any change in Data Return's expectations with regard thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. or any change in events, conditions or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or on which such statements are based. Data Return is a trademark of Data Return Corporation. All other trademarks are the property of their respective holders. |
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