Bell Atlantic, NETRoadshow to Offer Secure Internet Site for Viewing Public Offering Roadshows
Application Widens Institutional Investors' Access
to Corporate Presentations
February 17, 1998
NEW YORK -- Bell Atlantic and NET Roadshow is offering a secure
to view Public Offering "roadshows" over the Internet, enabling
underwriters to deliver timely information, on demand, to the broadest
audience of potential investors.
The service, which is provided by NETRoadshow and Bell Atlantic
Internetworking and Multimedia Solutions (BAIMS), represents a
significant advancement in the delivery of time-critical investor
information. Recently, the Securities and Exchange Commission (SEC)
authorized the transmission of roadshows for securities offerings
"Interpreting decades of securities law, the SEC has introduced a new
age in trading," said Brad Hammond, President of NETRoadshow, Inc.
"Bell Atlantic offers a robust and highly redundant platform that is
capable of delivering roadshow content in a variety of modes that best
meet the access requirements of a diverse end-user population. With
Bell Atlantic, we're confident that customers will be guaranteed
access to our content in a format that they can use anytime,
"Roadshow" is a term of art that refers to the presentation of
materials used by investors to evaluate Initial Public Offerings
NETRoadshow will produce the Internet roadshows for investment banks.
BAIMS will host the application and provide the delivery mechanism --
offering a highly secure delivery channel for issuers and underwriters
with the necessary safeguards to control who accesses the roadshows.
Using a combination of streaming video, audio and graphics offered
over the Internet, the new on-line roadshows will be available for
professional money managers, portfolio managers and research analysts.
Investors may participate in the roadshow through a desktop computer
or workstation over the Internet, or via a special Bell Atlantic
dedicated high speed connection that provides a high resolution,
full-screen approach to the videos, graphs and charts that accompany
NETRoadshow records presentations at investment banks and produces an
on-line version, adding supportive multimedia before making a
presentation ready for the Internet. All material presented in a
roadshow is password protected. Passwords are secured by investment
firms from an authorized institutional salesperson at the investment
bank managing the offering.
"We are pleased to be selected as the premium service provider for
NETRoadshow's on-line roadshows," said Martin Jasinski, executive
director of Bell Atlantic Internetworking and Multimedia Solutions.
"This demonstrates that Internet-style technology, such as Extranets,
can provide a new dimension in bringing critical applications to the
financial community. As a result, finance industry customers will be
able to access roadshow content when and where they want it -- at
their desktop with the click of a mouse."
NETRoadshow is a company whose single mission is to produce Internet
roadshows for investment banks. NETRoadshow produces Equity, both IPO
and Secondary, Convertible, and Debt roadshows. NETRoadshow follows all
U.S. Securities and Exchange Commission rules and regulations and has
been working with the SEC since early 1996 to gain permission to
provide this service under very strict guidelines. Today, NETRoadshow
is the first and only firm to receive No Action treatment from the SEC
to place roadshows on the Internet. An ongoing part of the service is
to keep up with, and influence, all SEC rulings as they relate to
Internet roadshows. NETRoadshow is located at 1230 Peachtree Street,
Suite 3750, Atlanta, Georgia 30309-3575. Telephone inquiries should be
directed to Brad Hammond at 404-873-0200 or via e-mail at
Bell Atlantic Internetworking and Multimedia Solutions is a subsidiary
of Bell Atlantic that provides Internetworking and value-added
services specifically targeted at the financial services industry.
Services being developed include a financial Extranet/ Intranet
connectivity, remote access, multimedia streaming and others. The
development of Intranets/Extranets entails the movement of LAN/WAN,
enterprise-wide corporate network applications and capabilities to the
data communications Internet Protocol.
Bell Atlantic - formed through the merger of Bell Atlantic and NYNEX -
is at the forefront of the new communications and information
industry. With 40.5 million telephone access lines and six million
wireless customers worldwide, Bell Atlantic companies are premier
providers of advanced wireline voice and data services, market leaders
in wireless services and the world's largest publishers of directory
information. Bell Atlantic companies are also among the world's
largest investors in high-growth global communications markets, with
operations and investments in 21 countries.