STOCKHOLM, Sweden, March 20, 2002 (PRIMEZONE) -- Song Networks Holding AB (Nasdaq:SONW) (Stockholmsborsen:SONW) announced that Song Networks A/S in Denmark and the listed company Jysk (Jysk Sengetojslager a/s) have signed a deal for 3 years.
Jysk, formerly known as Jysk Sengetojslager, has more than 80 locations in Denmark, including retail stores, warehouses and offices, and 98 locations in Sweden, of which 95 are retail stores and warehouses. All of these 178 locations are in the process of being connected by a data communications network provided by Song Networks A/S.
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," said Mrs. Pia Munck, IT Manager of Jysk
"We are looking forward to working for one of the most widely recognised businesses in Denmark. It is a major assignment, but we have got what it takes to fulfill it," said Lars Netterstrom, MD of Song Networks A/S.
About Song Networks, the former Tele1 Europe, (Nasdaq:SONW) (Stockholmsborsen:SONW)
Song Networks is a rapidly expanding data and telecommunications operator with activities in Sweden, Denmark, Finland and Norway. The Company provides comprehensive solutions for data, internet, hosting and voice, to businesses in the Nordic region. 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 1,100 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.
About Jysk, formerly known as Jysk Sengetojslager, is a leading retail chain in Europe and World wide within bedclothes, home textiles and furniture. Further information available on www. jysk.com
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