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News Center Top Story Archives
Week of February 12th, 1998
Issue 6, Volume III

NEWS ABOUT THE PROGRAM
1. Hey! Where's The Calendar? Part 2
REGIONAL NETPRENEURS
1. PSINet Creates Telecom Subsidiary
2. DIRECTV Breaks With Microsoft
3. IRE Has The Most Secure Portable Modem
4. New Site For World Science And Technology Information
PARTNERSHIPS
1. A&T To Build Caching System For INTELSAT
2. TradeCard To Provide Global Trade Service
3. NetGuard Signs Distribution Agreement With COMSTOR
4. COS And Mack Printing Form Alliance
5. PrimePower And Partners Deliver Services Via The Web
6. COMTEX And World Wide Quote Join Forces
CONSTRUCTION CREWS
1. Who's Bringing Who to the Web: RWD Technologies, New Connections
FUNDING & FINANCE NEWS
1. CyberCash Raises $15 Million
REGIONAL NEWS
1. Employers Sought For High Tech Internships
2. Impacted by Defense Downsizing?


News About The Netpreneur Program

1. Hey! Where's The Calendar? Part 2
It's coming tomorrow. Honest. We suspect that mailing the two pieces concurrently is one of the reasons many of you have been receiving dupes. While we make a few permanent adaptations, look for the Netpreneur Calendar tomorrow. We'll go back to our regular schedule soon.

Regional Netpreneurs

1. PSINet Creates Telecom Subsidiary
(Herndon, VA) PSINet Inc. has established PSINet Telecom Ltd. as a wholly owned subsidiary which will own PSINet's fiber, equipment, related space and other facilities. PSINet shareholders approved a fiber acquisition from a subsidiary of IXC Communications last month. PSINet Telecom expects to take delivery of transcontinental OC-12 fiber segments during the second quarter of 1998, the first leg in the construction of 10,000 equivalent miles of OC-48. Nearly 40,000 miles of OC-12 is expected to be delivered to PSINet by IXC during 1998 and 1999. PSINet Telecom has received a license from the FCC to act as a facilities-based carrier and provide international telecommunications services. In addition to the IXC fiber, PSINet Telecom will own all of PSINet's TCP/IP network equipment, including ATM/Frame Relay switches, routers and ISDN modem circuits, and 350 points of presence (POPs) that support its global Internet services platform. PSINet Telecom Ltd., also will own PSINet's existing 10,000 mile T3 network, the Network Operations Center based in Troy, NY, and the new European Network Operations Center currently being developed.

PSINet: http://www.psi.net

2. DIRECTV Breaks With Microsoft
(Germantown, MD) Dishing It Out, the news site of Satellite DIRECT magaz ine, reports that DIRECTV has ended its agreement with Microsoft to jointly develop a PC that would offer the 200 channels of Digital Satellite System (DSS) along with selected material from the Web. DIRECTV, a unit of Hughes Network Systems, will move on its own and launch the new device sometime in 1998. The company is talking to WebTV and other Internet browsers about providing Internet access via DSS and predicts that it will introduce a set-top Internet/TV product in 1999. DIRECTV and Microsoft announced its partnership in March of 1996; however, according to Dishing It Out, the two companies have butted heads over timing and platform issues. DIRECTV wanted to launch the product as soon as possible, while Microsoft wanted to wait until its Windows 98 software was ready. Satellite DIRECT is published by CommTek Communications Corp., based in Vienna, VA.

DIRECTV: http://www.directv.com
Dishing It Out: http://www.directmagazine.com

3. IRE Has The Most Secure Portable Modem
(Baltimore, MD) Information Resource Engineering, Inc. (IRE) has been certified by the Federal Government as providing the only secure portable modem available with FIPS 140-1 Level 2 advanced certification. The IRE SafeNet/Dial is a portable secure modem with hardware-based encryption. Federal Information Processing Standards (FIPS) 140-1 is a set of standards established by the government to protect sensitive information within computer and telecommunications systems. The FIPS 140-1 designation will help IRE increase its sales to the Federal Government and security conscious commercial customers.

IRE: http://www.ire.com

4. New Site For World Science and Technology Info
(Washington, DC) The National Technical Information Service (NTIS) has launched Worldtec, a new online subscription service for accessing information on developments in foreign science and technology initiatives. Worldtec provides material from dozens of sources, including much that has, until recently, been under restrictive use only.

Worldtec: http://worldtec.fedworld.gov

Partnerships

1. A&T To Build Caching System For INTELSAT
(Silver Spring, MD) A&T Systems, Inc. has been awarded a contract from Washington, DC-based INTELSAT for the integration of a Multicast Internet Caching and Replication System. The system will be based upon a warehouse/kiosk paradigm where the warehouse collects content from frequently accessed Web sites, transmits the content via satellite to registered kiosks and automatically updates it. It will be designed to support access to real-time streams from multiple sources of multimedia content, as well as the unicasting of traffic through the carriers. An international pilot demonstration of the prototype will be conducted by INTELSAT and A&T in late 1998.

A&T Systems: http://www.ats.com
INTELSAT: http://www.intelsat.int

2. TradeCard To Provide Global Trade Service
(Rockville, MD) GE Information Services (GEIS) and Bermuda-based Full Service Trade System, Ltd. (FSTS) have formed a relationship to offer a one-stop e-commerce service for international trade. The new service, called TradeCard, is a global solution that, for the first time, automates the trade process, including trade finance, pre-export finance, integration of domestic and international process flows and systems, inspection services and online insurance. TradeCard provides connectivity, compliance and credit services to all the parties in a transaction (financial institution, importer, exporter, freight forwarder) in a complete information loop instead of the usual one-to-one relationships. NationsBank, the third largest bank in the US, is the first funding institution that will provide credit to companies in the system. TradeCard will be owned and operated by FSTS.

GEIS: http://www.geis.com

3. NetGuard Signs Distribution Agreement With COMSTOR
(McLean, VA) NetGuard, maker of firewall and bandwidth control software, announced an exclusive national distribution agreement with COMSTOR, a GE Capital Services company. COMSTOR supports several thousand resellers located across the US. COMSTOR may also develop a number of solutions built on NetGuard's and COMSTOR's product and service offerings.

NetGuard: http://www.ntgaurd.com
COMSTOR: http://www.comstor.com

4. COS And Mack Printing Form Alliance
(Baltimore, MD) Community of Science, Inc. (COS) has entered into a strategic alliance with Easton, PA-based Mack Printing Group, a national printer and compositor of scientific journals. The two companies will jointly promote and sell their services to the scientific publishing community. These services include Mack's typesetting/SGML and printing services and COS' automated Web-based journal publishing technologies. Mack Printing Group currently prints and/or sets type for approximately 500 scholarly journals, while COS has developed technologies to produce online journals directly from a database of the SGML file that is used to produce the print journal.

COS: http://www.cos.com
Mack Printing: http://www.mpg.com

5. PrimePower And Partners Deliver Services Via The Web
(Reston, VA) PrimePower, an association with more than 200,000 members, is teaming with WorldCom, Boise Cascade Office and Technology Products, Montgomery Mutual Funds, Jack White Discount Brokerage and Wilcox Travel to move its membership operations to the Web. These affinity partners and others are providing members with an array of discounted products and services for "people in their prime." A monthly newsletter is part of the membership package. New strategic partners are being sought to serve the association's attractive 40-plus demographic base.

PrimePower: http://primepower.net

6. COMTEX And World Wide Quote Join Forces
(Alexandria, VA) Comtex Scientific Corp. has a new agreement with World Wide Quote, a provider of real-time stock quotations on the Web. Effective immediately, Comtex' Business CustomWire will be bundled into World Wide Quote subscriptions, offering registered subscribers breaking business news that can influence stock prices of the companies in their portfolios. Users can search over 2000 targeted news stories which specifically cover developments that impact corporate profitability, such as earnings reports, mergers and acquisitions, actions of competitors, and movements of key executives.

Comtex: http://www.comtexnews.com
World Wide Quote: http://www.wwquote.com

Construction Crews

WHO'S BRINGING WHOM TO THE WEB?

RWD Technologies, Inc. ( http://www.rwd.com ) of Columbia, MD, has created the Product Information Asset Management (PIAM) system for Whirlpool Corp. that will help the company streamline the development and distribution of product information to customers, vendors, partners and employees.

New Connections, Inc. ( http://www.newc.com ) has spun off a dedicated site for the Early Heart Attack Care (EHAC) program ( http://www.ehac.org ) of St. Agnes Healthcare. EHAC promotes community awareness and involvement in preventing early heart attacks. There is a companion site for clinicians ( http://www.cped.org ).

Funding & Finance News

1. CyberCash Raises $15 Million
(Reston, VA) CyberCash, Inc. has raised $15 million in equity capital through a private placement of convertible preferred stock and options to two unnamed private equity funds. In addition, the company will receive a second investment of $15 million if certain conditions are satisfied.

CyberCash: http://www.cybercash.com

Regional News

1. Employers Sought For High Tech Internships
(Annandale, VA) Northern Virginia Community College (NVCC), Annandale Campus has launched the Technology Retraining Internships Program (TRIP). NVCC recruits, screens and trains college graduates who are making the move to technology careers. The candidates are assessed in a battery of tests and then undergo an intensive three-month, full-time training program in computer applications, networking and programming. The sudents are then made available for half-time paid internships with technology companies while concluding their training, after which they are available for full-time employment. The first class of 22 students is well into the first TRIP program and the second and third TRIP classes are scheduled to begin studies in May and September, respectively. For more information or to offer internships, contact Dr. Kay Haverkamp at 703/323-3159 or nvhavek@nv.cc.va.us; or Pete White at 703/536-1180 or cednvcc@erols.com.

2. Impacted by Defense Downsizing?
For Northern Virginia entrepreneurs whose profits are affected by reductions in defense spending, George Mason University's Entrepreneurship Center has created the Defense Conversion Assistance Program (DCAP) aimed at helping diversify your business base, transition applicable products or services from defense contracting into the commercial market, and identify new business opportunities. Business advisors focus on three areas: business development counseling, practical seminars for the small business, and market and organization assessment. For more information, contact DCAP at 703-279-3350 or dcap@patriot.net.

DCAP: http://www.sbdc.org/dcap



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