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News Releases
New Edge Networks Completes Customer Migrations from Bankrupt AtHome
VANCOUVER, Wash. – (Mar. 6, 2002) – New Edge Networks, a national enhanced data and broadband communications service provider, today announced it has successfully completed the migration of a national network and customers from AtWork, the commercial access division of bankrupt AtHome Corp., (OTC BB:ATHMQ.OB).
For almost all affected AtWork customers, service migration was transparent. Service to a few isolated customers with complex routing to the Internet was temporarily halted when AtHome shut down its network Mar. 1 before new circuits were installed. The migration involved about 1,300 AtWork business customers in 26 metropolitan areas in 21 states.
“I want to welcome all of our new customers to our TransEdge service,” said Dan Moffat, president and CEO of New Edge Networks. “We tried to make this migration as customer-friendly as possible despite the troubled times in telecom. We had just 10 business days to complete our work and minimize service disruption to customers whose business livelihood depends on continuous access to the Internet.
“I am proud of our employees. They have outdone themselves once again,” Moffat said. “It took a lot of hard work, skilled people and an equally strong commitment from our network partners at AT&T (NYSE: T) to pull this off in such a short timeline. To all who helped us get through this, I say thank you.”
On Feb. 15 New Edge Networks announced that it paid $1.5 million in the bankruptcy sale to acquire all affected AtWork commercial customers, related premises equipment, and network routers that are installed in 33 Internet hub locations in major cities around the country. In addition to the value of equipment and a working network serving tier 1 cities, the purchase represents about $18 million in new annual revenue for New Edge Networks.
“This transaction is a natural extension of our existing broadband business in small, midsize and semi-rural markets,” said Dan Moffat, president and CEO of New Edge Networks. “With a new presence in major metropolitan areas around the country we are better positioned to meet the growing needs of customers who have branch offices in both small and large cities.
About New Edge Networks
New Edge Networks owns and operates one of the largest multi-service data communications networks in the United States. With 600 multi-service switches, New Edge is able to deliver frame relay, ATM, and other advanced wide area network technologies to hundreds of markets nationwide. The company offers frame relay access and gateway products through agent programs and complementary carrier agreements with Regional Bell Operating Companies. In addition, New Edge provides DSL services in more than 360 small and midsize cities in 29 states and dedicated Internet access in more than 30 major metropolitan areas in 21 states. The company provides a wide variety of business class DSL solutions through Internet Service Providers and its own retail channel under the TransEdge brand. Total company revenue is almost equally split between WAN and DSL services. Top-tier private venture firms, global financial institutions and worldwide technology firms provide financial backing to New Edge Networks. The company’s Web site is www.newedgenetworks.com. Telephone: 1-360-693-9009.
Contact:
Sal Cinquegrani
(360) 906-9723
ATTN: New Edge Networks news releases contain information that is accurate as of the date they are issued. Information contained in past news releases may become out of date and the company does not assume responsibility for updating information contained in past news releases.