IRVINE, Calif., May 30, 2000 (PRIMEZONE) -- IBC (www.ibchannel.com) reported today that Asia Global Crossing Plans Singapore Links Asia Global Crossing, the regional fiber network joint venture between Global Crossing (Nasdaq:GBLX), Softbank, and Microsoft (Nasdaq:MSFT), formed commercial ventures to extend the East Asia Crossing cable to Singapore. The Singapore landing and associated support operations and data centers will be developed by Asia Global Crossing and Singapore conglomerate Singapore Technologies Telemedia (STT).
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IBC's flagship business and finance portal, ibchannel.com, is one of the most well known destinations on the Internet. IBChannel.com has aligned with premier media companies including CNBC, Bloomberg, Raging Bull, The Street, and CNN, as well as the highest quality online financial content providers IPO.com, Morningstar, MarketXT, and StockPoint.
IBC Inc.'s business model is an innovative twist on traditional venture capital companies. Similar to Idealabs!, IBC is an e-business development bank that consults, incubates, develops, and grows global emerging growth companies in exchange for equity. IBC provides turnkey operational solutions to deriving revenues and enhancing public awareness for its partners by implementing advertising, marketing, media placement, strategic partnerships, and branding strategies.