e-Net Financial Corporation Announces Bandwidth Resale Program - Company Business and Marketing

Cambridge Telcom Report, Sept 6, 1999

Ted A. Bohrer, Vice President of e-Net Financial Corporation has announced that Omnetrix International, the joint venture partner of the Company's wholly owned subsidiary, City Pacific International, is initiating a bandwidth resale program.

Mr. William Van Vliet, President of Omnetrix International, stated "market surveys indicate an enormous need exists for bandwidth in the 1 to 3 T1 range, (1.5 mbps to 4.5 mbps). This under-served market includes internet providers, small telecom carriers, and large organizations. Effective marketing to this customer base will be key to success in this program."

E. G. Marchi, President of City Pacific, added "competition is limited in this market; customers are poorly served; barriers to entry are high. Existing Omnetrix customers, with whom we have spoken, are excited about having the opportunity of dealing with us for their bandwidth needs."

e-Net Financial Corp. is a company engaged in providing telecommunications financing and services to consumers and businesses on a wholesale and retail level. It also is engaged in the business of developing senior residential and healthcare facilities in partnership with Genesis Residential Healthcare, Inc. Additionally, through its wholly owned subsidiary, e-Net Mortgage Corp., it engages in providing commercial and residential real estate financial services through both conventional methods as well as through e-commerce via the internet and private line communication facilities.