PICK Sat Showcases SkyRelay Satellite Internet Solution.MIAMI--(BUSINESS WIRE)--Sept. 30, 1999-- In GlobalXchange/Telia Booth at Comdex '99 PICK Sat's SkyRelay(TM) service, a cost-effective satellite-delivered high-speed Internet See broadband. solution, is being demonstrated live in the GlobalXchange/Telia booth (No.101) at Comdex '99. GlobalXchange is PICK Sat's first reseller of the SkyRelay(TM) product, which is targeted to ISPs, corporations, government agencies, schools, MDUs, hotels, and other users throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Caribbean, as well as users in the U.S., where terrestrial high-speed Internet access is costly or unavailable. "SkyRelay is a powerful yet simple solution for obtaining high-speed Internet access in the target territories," said Diego Leiva, chairman of PICK Communications (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PICK), PICK Sat's parent. "SkyRelay can be deployed within 24 hours of the customers receipt of the equipment; the one-time hardware and installation cost can be as little as $500 (U.S.); and the service offers scalable bandwidth options of 64 kpbs to 32 mbps." SkyRelay(TM) is available immediately via GlobalXchange. More information is available on SkyRelay(TM) at www.picksat.com/skyrelay. GlobalXchange (GXC (Global Exchange Carrier, Inc., Abingdon, VA) An early provider of IP voice services via the Internet, intranets and private WANs that sold its customer base in the late 1990s. GXC provided Internet gateways for long distance telephony services at lower prices than the traditional long ), a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , is a leading provider of Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP)-based services in South Florida and Latin America. In South Florida, GXC offers dedicated, wholesale and ADSL/ISDN Internet access See how to access the Internet. , as well as Web hosting and co-location services. Partnered with Telia, the leading Swedish telecom operator, GXC hosts Telia's Point Of Presence ("POP") in Miami, which is connected to its global network. Telia has superior and dependable connections to Latin America, with POPs in Ecuador, Peru, Mexico and Brazil. POPs are currently under construction in several other countries. More information about GXC may be obtained from the company's Web site, www.gxc.net, or by calling 800/422-3530. PICK Communications Corp., headquartered in Miami, Fla., operates Miami-based PICK Sat, Inc., which provides satellite-based broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a , and PICK Online.Com Inc., a media-content aggregator for Internet Service Providers 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. (ISPs) and Broadband Networks, including Cable Modem and Asynchronous Refers to events that are not synchronized, or coordinated, in time. The following are considered asynchronous operations. The interval between transmitting A and B is not the same as between B and C. The ability to initiate a transmission at either end. Digital Service Line (ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line ) service providers. More information is available at PICK Sat's Web site, www.picksat.com, and at www.pick-online.com and www.pickradio.com. 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, and is subject to the safe harbors created thereby. These statements are not guarantees of future performance. The Company's actual future results could differ materially from the forward-looking statements discussed herein or implied by such forward-looking statements. The risks and uncertainties associated with these statements include the Company's ability to complete both the sale of PICK Sat stock to Atlantic Tele-Network and the divestiture of its PICK Net business to Lebow Investments Ltd., implement its new business plan and strategy and launch its PICK Sat services, the Company's immediate need for additional funding, the repayment of substantial short-term indebtedness, significant and continuing losses, dependence on a limited number of clients, dependence on and obligations to third-party carriers, dependence on the Internet, timely development and acceptance of new products in the constantly evolving Internet industry, the impact of competitive products and pricing, government regulations and the other risk factors detailed from time to time in the Company's SEC reports. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events. |
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