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Wednesday
March 7, 8:00 am Eastern Time
Company Press
Release
North
American DataCom Announces New Lease with State of Mississippi
IUKA,
Mississippi (March 7, 2001). North American DataCom, Inc.
(OTC BB: NADA) today announced finalization of a new 20-year
lease with the State of Mississippi for its main facilities
in Iuka, Mississippi. This lease provides NAD with 25,000
square feet of office and equipment space at the former National
Aeronautics and Space Administration facility. The State,
acting through the Mississippi Development Authority (MDA),
has also granted NAD a 10-year right of first refusal to lease
an additional 75,000 square feet at the Iuka facility, to
accommodate NAD's expansive business plan.
NAD is an information technology company with a core emphasis
in Fiber Optic and Wireless Technologies, Critical and Remote
Enterprise Storage Services, Internet Access, Network Support
and Information Technology Services. NAD plans to offer high-speed
data access and remote critical data storage services from
its Mississippi-based data center facilities throughout the
Southeast.
"We
are pleased to have completed this new lease with the State
of Mississippi," said Robert R. Crawford, president of NAD,
"and look forward to a long and mutually beneficial relationship
with the MDA. We also hope to acquire a lease for the additional
space available in the facility as soon as possible, so that
we may have the room to expand as we add additional network
segments according to our new Business Plan."
The
state-of-the-art facility in Iuka, Mississippi was originally
designed and constructed to house the computer engineering
and programming center for the NASA advanced solid rocket
motor project. The Company believes that this facility is
uniquely designed to provide the physical environment necessary
for a Tier IV data center with relatively small capital expenditure
when compared to competitive facilities. Once completed, this
data center will enable the Company to offer enterprise storage
operations, Internet hosting, co-location, web-based data
storage and general real-time data backup running 24-hours-a-day,
7-days-a-week. The facility is custom designed with raised
floors, HVAC temperature control systems with separate cooling
zones and full electric power redundancy. The Company intends
to upgrade and expand its current 5,000 square foot raised
floor data center in Iuka, Mississippi to a 65,000 square
feet raised floor data center. The expansion is planned for
completion late this year.
The
Company's facility will contain a full range of security features.
These include 24-hour-a-day secured access with security breach
alarms, cipher lock systems and security guards on premises.
The facility is housed in a government constructed building
using full redundant primary power from two sources with multiple
backup power generators. The facility currently has a 1,000
square foot, temperature controlled telecommunications room
adjacent to a 4,000 square foot raised floor, temperature
controlled computer room complete with security, UPS power
backup and emergency diesel generator backup. The complex
has a 50 mega-watt redundant power source provided by a TVA
power station for current and additional power requirements
that should meet all of the Company's power requirements.
NAD
intends to provide hybrid Data Storage Services, Bandwidth,
and Professional Services for high-speed Storage Area Network's
and point-to-point Critical Data Storage. Services will exploit
NAD's network infrastructure for data availability, data protection,
scalability, and performance for the medical, financial, government,
and corporate arenas. NAD is planning to offer host-independent
mirroring of data between two physically separated systems
using the Company's fiber optic network to ensure the continuous
availability of enterprise data. NAD will use all key components
of its infrastructure to offer unique E-Business solutions
to its customers.
Safe
Harbor Statement
Statements
in this release express management's beliefs and expectations
regarding future performance. These statements are forward-looking
and involve risk and uncertainties. These risks include, but
not limited to, the ability to negotiate venture agreements,
properly identify acquisition partners, manage and integrate
acquired businesses, react to quarterly fluctuation in results,
raise working capitol and secure other financing, respond
to competition and other rapidly expanding technology, deal
with market and stock price fluctuation, and other risks.
These risks are and will be detailed, from time to time, in
North American DataCom, Inc. Securities and Exchange Commission
filings. Actual results may differ materially from management's
expectations.
North American DataCom's principal executive offices are located
at 751 County Road 989, Building 1000, Iuka, MS 38852. For
further information, contact Investor Relations, 662/424-5030,
and by e-mail at investorrelations@nadata.com.
____________________
Contact:
North
American DataCom, Inc., Iuka
Investor
Relations, 662/424-5030
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