WAM!NET Business Update to the Financial Analyst Community.Business Editors ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Feb. 26, 2001 WAM WAM - Intermediate language for compiled Prolog, used by the Warren Abstract Machine. "An Abstract Prolog Instruction Set", D.H.D. Warren, TR 309, SRI 1983. !NET Finalizes Five Year Navy Marine Corps Intranet (NMCI NMCI Navy/Marine Corps Intranet NMCI National Multi-Cultural Institute ) Subcontractor Agreement with EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Company Secures $30 Million Bank Line WAM!NET Finalizes Five Year Navy Marine Corps Intranet (NMCI) Subcontractor Agreement with EDS: WAM!NET, a global information technology solutions provider to the entertainment, publishing, corporate and government markets, has finalized a five-year contract with Electronic Data Systems (EDS). Under the agreement, WAM!NET will serve as a Tier One Subcontractor on the EDS-led Information Strike Force Team charged with implementing the Navy / Marine Corps Intranet (NMCI) program. NMCI represents the largest Federal information technology contract ever awarded, initially valued at $4 billion over five years. The program will result in the creation of a new, private global intranet to provide voice, video and data services to the Navy and Marine Corps. Once completed, the effort will link more than 300 Navy and Marine Corps bases throughout the U.S., Iceland, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Guam, Hawaii and Guantanamo Bay Noun 1. Guantanamo Bay - an inlet of the Caribbean Sea; a United States naval station was established on the bay in 1903 bay, embayment - an indentation of a shoreline larger than a cove but smaller than a gulf , and Cuba. WAM!NET was selected to the Information Strike Force Team in October 2000 and has delivered services under a Right to Proceed agreement since that time. Under the finalized contract, the company is responsible for installing and managing the local and base area networks that provide intranet data capabilities to the Navy and Marine Corps for both business and war fighting purposes. WAM!NET launched efforts to market and sell its network, storage, and hosted application and infrastructure services to the government marketplace in June 2000, following the company's approval by the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. to sell on the GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. Schedule for Electronic Commerce Services. With this approval, WAM!NET e-services - including transport services The collective functions of layers 1 through 4 of the OSI model. for static and motion-based media, digital archiving services for storing, retrieving, sharing and managing data, and render on demand service for creating high resolution motion images -- now are broadly available to all levels of government, including Federal, State, City, and Regional, along with their associated agencies, throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . WAM!NET officials highlighted the NMCI contract as an important component of the company's plan to achieve profitable growth. Company Secures $30 Million Bank Line: Additionally, WAM!NET announced that it has closed a $30 million bank line of credit. WAM!NET officials said they plan to use the funds for the company's working capital needs. Additional details associated with the EDS contract and line of credit were not disclosed. About WAM!NET Inc. Headquartered in Eagan, Minnesota, WAM!NET is a leading global provider of information technology solutions. WAM!NET's services, which include managed network, storage, hosting and application services, are delivered in a utility-like model via the company's highly integrated IT platform, enabling commercial and government customers to access the combination of IT services they need on a transactional basis. In doing so, customers are united with their community of interest, which collaborates to specify, create, print, store, broadcast and distribute content within WAM!NET's online, secure digital environment. Commencing operations in 1995, WAM!NET has approximately 15,000 corporate end users of its e-services worldwide. WAM!NET services are available throughout North America, Europe, Singapore, Japan and Australia. For information on the company, call 800-611-9006, or visit WAM!NET's Web site at www.wamnet.com. WAM!NET is a registered trademark of WAM!NET Inc. All other trademarks are the property of their respective owners. |
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