Letter of Intent Signed Between Keystone Energy Services Inc.'s ISP Division PowerOne Internetworks And CompuWorld To Create Wholesale Internet Division.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 18, 2000 Keystone Energy Services Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :KESE) today announced that the company's 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. division PowerOne Internetworks has signed a Letter of Intent Agreement with CompuWorld to create a wholesale Internet division. CompuWorld currently offers services in 11 states including 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 and Washington, D.C., with extensive coverage and a network backbone throughout the state of California. This network has 18 physical points of access and reaches more than 500 rate centers increasing the ability to offer "pollution free" dial-up 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 . Keystone will be acquiring revenues in excess of $1 million annually, which represents approximately 10% of Ziplink's (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ZIPL) last annual revenues. Ziplink has a similar wholesale model and is presently trading between $7 and $14 with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of about $125 million. The Board of Directors at Keystone believes that this acquisition shows an aggressive interest in the Internet marketplace and, by acquiring assets, puts the company in a position to be a major player as an 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) with strong savvy in building ISP networks. The company plans to market Internet services along with their renewable energy product EarthChoice(SM). Keystone ("The Power of the Future(SM)") competes in the newly deregulated electric power industry providing "the ultimate choice" of reliable, renewable energy to electric power consumers in the state of California. The company also offers Pollution Free (96%-99%) Internet access and services throughout the United States and Canada under the ISP division name PowerOne Internetworks (www.powerone.com) -- "The Power to Make a Difference(SM)," "Power for the Future(SM)." This news release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Important factors, such as demand for products, manufacturing cost and competition could cause actual results to differ materially from the company's expectations. |
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