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WAM!NET Announces Fixed Rate, Subscription-Based Pricing Model

Press release from the issuing company

EAGAN, Minn. - (May 1, 2001) - WAM!NET Inc., a leading provider of information technology and digital media solutions, today announced a new pricing plan that will reward high-volume users of its managed network and storage services. Based on a fixed-rate model, the new plan also will financially reward customers who use multiple WAM!NET services, including the company's rendering and video services. To be introduced to its global base of corporate, agency, printing, publishing, studio, broadcast, post-production and government customers in May, the new pricing plan offers several benefits, including: WAM!NET's managed network, storage and compressed video services will be available with a flat monthly rate and no transaction charges. User benefits include increased predictability of monthly service fees and a streamlined ability to integrate their business partners into a fully digital WAM!NET-enabled workflow. WAM!NET Storage Services will be available on either a month-to-month or annual renewal basis. Customers and their business partners now will be able to access and re-purpose digital assets from WAM!NET's archive or in-process storage services without incurring upload or download charges. New "bundled service" packages of network, storage, workflow applications, and hosting services will be introduced with built-in discounts. Significant discounts will be available for large volume customers based upon the combined usage of all WAM!NET services. This replaces the current model of discounts based on individual service usage. WAM!NET's managed network service will remain available on a transactional pricing model (a monthly service fee with a built-in transaction allowance) to customers with lower usage requirements. "WAM!NET's new pricing model is designed to bring significant benefits to our corporate, graphic arts and entertainment customers," said Tim Elliott, executive director, WAM!NET Global Marketing. "For a predictable monthly fee, WAM!NET customers now will have unlimited access to our managed network, storage, video, rendering and hosting services. Furthermore, this model supports those customers who want to extend the value of WAM!NET's global IT services platform to their business partners, allowing them to form highly efficient, collaborative digital workflows without incurring additional costs. Doing so allows customers to avoid the inefficiencies and cost associated with traditional analog workflows - burning CDs, dubbing videotapes, managing overnight and messenger delivery services, paying for leased lines, managing FTP servers, and so on." For more information about WAM!NET's new pricing model, please call (800) 392-6608 or write to the company at [email protected].

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