UBNetworks to Realize Benefits of Shasta Proposed VPN Standards.Business Editors
LOS ANGELES--(BUSINESS WIRE)--March 20, 2000
IJNT.net Inc. (OTC OTC
See over-the-counter market (OTC). BB:IJNT), a leading integrated communications provider, Monday celebrated the recently-announced 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. standards proposed by Shasta Networks, a subsidiary of IJNT partner Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony .
According to IJNT management, the company's customers should realize significant benefits upon the acceptance and implementation of VPN standards for interoperability.
Shasta Networks Inc., manufactures the Shasta 5000 Service Selection Gateway platform, which is an integral element of the UBNetworks integrated data/voice/video network. Shasta, together with Telia Finland Inc., Lucent Technologies, and Ascend Communications, recently released "A Framework for IP Based Virtual Private Networks (VPNs)," coincident with the opening of the Internet Engineering Task Force (c/o Corporation for National Research Initiatives (CNRI), Reston, VA, www.ietf.org) Founded in 1986, the IETF is a non-membership, open, voluntary standards organization dedicated to identifying problems and opportunities in IP data networks and proposing technical solutions to the (IETF See Internet Engineering Task Force.
IETF - Internet Engineering Task Force ) meeting in Minneapolis. The VPN Framework is the first specification proposed to encompass the full range of VPN features and deployment scenarios. The specification identifies the multiple areas requiring standardization to permit true interoperable VPN solutions. Adoption and implementation of VPN standards will spur widespread deployment of VPNs and lead ultimately to significant new revenue sources for IP public data network providers such as UBNetworks.
According to Winston Johnson, Chief Technical Officer of UBNetworks, "Most companies see VPNs as nothing more than another means of encrypting private network traffic when it travels across the Internet; but we believe that VPN technology has broad applicability to allow customers to customize their networks, and to permit communication providers like UBNetworks to provision exactly the features and capabilities each customer needs to enhance security, remote access and communication within the organization and between organizations. The migration of customers' private line data services onto a VPN architecture offers substantial revenue opportunities for UBNetworks."
IJNT 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. Jon H. Marple commented: "The cost and complexity of deploying and configuring the equipment and software necessary for VPN applications and reliability issues of the current Internet have caused many companies to adopt a 'wait and see' posture; however, the new VPN standards will enable a new vision of network-based VPNs and bring the world one big step closer to full realization of the business possibilities of the Internet."
Shasta's disclosure before the IETF meeting made clear that the VPN Framework identifies multiple types of VPNs, addressing specific connectivity needs of customers, including the ability of telecommuters to connect into a central, corporate site, or the interconnection of multiple customers sites into a single private network. VPN technology may also ultimately be used for a variety of new applications, such as steering subscribers to premium content sites or securing 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). traffic across IP backbones. The Framework categorizes the various VPN types, discusses suggested implementation approaches and proposes specific areas for future standardization. The VPN mechanisms discussed in the Framework can be applied across all types of IP backbones, including those built on ATM or the emerging MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS.
(2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network. standards, but is not limited to any one backbone technology. Infonetics Research has forecast that VPNs will be the fundamental building blocks of new IP value-added networks. The VPN Framework proposes the kinds of specifications that will enable the explosive growth predicted for VPNs by 2001.
IJNT.net provides high-speed, wireless Internet access, wired broadband solutions and operates UBNetworks, a facilities-based competitive local exchange carrier offering products and services to business and residential customers. By early 2000, the company's high-speed 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 network will pass millions of homes and businesses. IJNT.net subsidiaries provide DSL and wireless broadband Internet access and communications over several "last mile" systems at speeds up to 100 times faster than common dial-up modems, through the company's own sales channels and through other carriers and resellers. The company's customer base is growing rapidly as the company expands its network across the United States and internationally. IJNT also provides Website development, online advertising, and e-commerce services as well as traditional dial-up Internet access See dial-up. throughout the United States and internationally. The company's rapid growth is the result of aggressive marketing and sales, internal development, acquisitions, and strategic alliances.
This news release may contain forward-looking statements made pursuant to the "safe harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the company's periodic reports, including quarterly reports on Form 10-Q Form 10-Q
See 10-Q. and annual reports on 10-K. This and additional information can be found on the company's Web site at www.ijnt.net or can be obtained from the company upon request.