STOCKHOLM, Sweden, June 26, 2002 (PRIMEZONE) -- Song Networks Holding AB (Nasdaq:SONW) (Stockholmsborsen:SONW) announced today that Song Networks A/S in Denmark and the Danish listed company Jysk (Jysk Sengetoejslager a/s) have signed a deal for 3 years
Adding to 178 locations throughout Denmark and Sweden connected earlier this year, Jysk (formerly known as Jysk Sengetoejslager) has ordered 51 locations in Norway and 30 in Finland to be connected by a data communications network provided by Song Networks A/S. The new order covers 36 months. The solution provided for Jysk is an IP/VPN (Internet Protocol Virtual Private Network) running on Song Networks' transmission network using the MPLS (Multi Protocol Label Switching) protocol, thus allowing for optimal usage of network capacity. The solution is prepared for distance working and travelling personnel calling in without jeopardizing network safety.
"Jysk needs a data network solution which will support new technology just now being implemented throughout our retail outlets. Our new technology is centrally based, so we demand of our supplier ample bandwidth, excellent service, guaranteed availability and monitoring of lines. We deem that Song Networks are suited to meeting our specific demands in these fields and this, together with a favourable price, is the reason for choosing Song Networks as our supplier," Mrs. Pia Munck, IT Manager of Jysk, earlier stated.
"Jysk is one of the most successful and widely recognized businesses in all of Scandinavia and we feel honored that Jysk trusts us with its data communication throughout the Nordics," said Lars Netterstroem, MD of Song Networks A/S.
For further information, please contact: Song Networks AS Jysk A/S Lars Netterstroem, Managing Pia Munck, IT Manager Director Phone: +45 8744 0600 Phone: +45 3690 3610 Mobile: +45 2999 3610 pmu@jysk.com lns@songnetworks.dk Song Networks Holding AB Jenny Moquist, Investor Relation Manager Phone: +46 8 5631 0219 Mobile: +46 701 810 219 jenny.moquist@songnetworks.net
About Song Networks, formerly Tele1 Europe, (Nasdaq:SONW), (Stockholmsborsen:SONW) Song Networks is a data and telecommunications operator with activities in Sweden, Finland, Norway and Denmark. The Company's business concept is to offer the best broadband solution for data communication, internet and voice to businesses in the Nordic region. This means that Song Networks supplies communication solutions that are attractively customized for each corporate customer. Song Networks is currently the only pan Nordic operator investing in local access networks with broadband capacity. The Company has built local access networks in the largest cities in the Nordic region. The access networks, which are linked by a long-distance network is one of the fastest data and internet super-highways in Europe, with an initial capacity for customers of up to one gigabit. The Company was founded in 1995 in Sweden and has approximately 1,000 employees. The head office is located in Stockholm and there are an additional 34 offices located in the Nordic region. For further information, please visit our website at www.songnetworks.net
Certain statements contained in this press release contain "forward- looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers. For a more detailed discussion of such risks and uncertainties affecting the company, please refer to Song Networks Holding AB's reports that are filed from time to time with the U.S. Securities and Exchange Commission, including the company's annual report on Form 20-F and reports on Form 6-K.
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