VILW -News - maybe this is why the sudden increase: Market Response to VillageWorld.Com's MetroIX Exceeds Expectations; the
Company's Solution is Timely Given the Recent Attention to Network Security
Business & Technology Editors
BOHEMIA, N.Y.--(BUSINESS WIRE)--Oct. 3, 2001--VillageWorld.Com, Inc OTC BB:VILW, a provider of secure network solutions to military, commercial and defense industry contractors, today announced it has received orders from 4 ISP's and content providers for the beta program of its newly introduced product called MetroIX. MetroIX provides the Internet community with a scalable, stable and reliable peering infrastructure for interconnection between Internet Services Providers. Unlike other Internet Exchanges, where ISP's must co-locate equipment, and purchase expensive Telco Loops, MetroIX brings exchange points as close to the edge of ISP Networks as possible. MetroIX will lower operating costs and increase the speed, security and reliability of ISP networks. VillageWorld.Com President Peter Keenan stated, "Industry response to MetroIX has been overwhelming. We have found a "sweet spot" in the Internet infrastructure market segment. Our solution, MetroIX significantly reduces the possibility of a catastrophic network failure and reduces operating costs to boot." James Cornman, Senior Network Engineer of Net Access Corporation (http://www.nac.net) said, "MetroIX is a great product idea. We are all concerned about the reliability and security of our networks and have studied our vulnerabilities. MetroIX is a unique solution that provides another level of protection and at a very competitive price." Mr. Keenan concluded, "There are approximately 600 ISP's in the US who can use this product. We have barely scratched the surface in penetrating this segment and already we have generated significant interest and 4 orders for our beta program. This helps support our opinion that within twelve months revenues could exceed $2 million a year from MetroIX. "
About VillageWorld.com
VillageWorld.com designs, supplies, implements, operates and maintains high-speed data networks for universities, public school systems, the military and business including all related hardware, software and network facilities. The Company also provides Internet/Intranet messaging and security products and chat room, shopping cart, advertising, web hosting and co-location software and services. The Company is a reseller for Cisco Systems (CSCO), Lucent Technologies (LU), Nortel Networks (NT), Sun Microsystems (SUNW) and others in the Network Integration business.
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties are described in the Company's filings with the SEC.
--30--db/ny*
CONTACT: Investor: VillageWorld.Com, Inc. Peter J. Keenan, 631/218-0700 invest@villageworld.com www.villageworld.com or Technical: VillageWorld.Com, Inc. Jeffrey Meltzer, 631/218-9090 info@metroix.net www.metroix.net
KEYWORD: NEW YORK INDUSTRY KEYWORD: AEROSPACE/DEFENSE INTERNET NETWORKING TELECOMMUNICATIONS SOURCE: VillageWorld.Com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.