STSN Secures $66.5 million in Equity and Debt Financing; Lead by Siemens and On Command / May 2001

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STSN Secures $66.5 million in Equity and Debt Financing;
Lead by Siemens and On Command
--

Ewald Grybek of Siemens Project Ventures to Join
the Company's Board of Directors

SALT LAKE CITY - May 15, 2001--STSN, the leading global provider of high-speed Internet access and specialized broadband services to hotels and conference centers, Tuesday announced the closing of its D round of funding, in which it secured $66.5 million in equity and debt financing.

The Series D round of funding is lead by new investors Siemens (NYSE: SI) and On Command (Nasdaq: ONCO). Previous investors, including Marriott International Inc. (NYSE: MAR), Intel Corp. (Nasdaq: INTC), Vantage Point Venture Partners, APV Technology Partners, and ThomVest Holdings Inc. also participated in the round. Concurrent with the equity financing, STSN closed
senior secured debt financing with GATX Corp. (NYSE: GMT).

In additional news, Ewald Grybek of Siemens Project Ventures (SPV) will join the company's board of directors.

"Siemens is glad to add its name to STSN's list of leading investors and partners," said Grybek. "We intend to use the strength of Siemens to help STSN continue to be the leading company in providing high-speed Internet access to hotels and their guests throughout the world."

This funding comes at a time of continued industry leadership by STSN, as the company's broadband solutions continue to increase penetration in North America, Europe and the Asia Pacific region.

"Business travelers are growing accustomed to high-speed access at work and want to maintain that productivity on the road -- STSN is the solution to meet this demand," said Will West, president and chief executive officer of STSN.

$58.6 million Series C Round of Funding

SALT LAKE CITY, July 26, 2000 � STSN, a global provider of building-centric high-speed Internet access and other specialized broadband services, announced today it has raised $58.6 million in its Series C round of funding.

The Series C round of funding is led by new investors Equant (NYSE:ENT, Paris Bourse: EQU) and CTF Hotels and Resorts.
Additional third round investors include: APV Technology Partners, Intel Capital, Marriott International, Inc. (NYSE:MAR), Thomvest Holdings Inc. and VantagePoint Venture Partners.

"Our decision to be a major equity partner is based on STSN's ability to provide our customers with value added services that we can deliver through our proven global voice and data network," said Matthew
Macfarlane, Equant's vice president of mergers and acquisitions.

"The support from Siemens, and other debt and equity partners will further assist STSN in bringing connectivity to hotels around the world."

STSN's high-speed Internet access system works with any Internet compatible laptop or computer and does not require the guest to reconfigure their computer. The guest can simply and securely access the Internet using either an Ethernet or USB connection.

STSN offers guests a toll-free help line to answer questions and provide assistance 24-hours a day/7 days a week.

In addition, guests with virtual private network (VPN) software can securely access their private corporate networks and e-mail systems. STSN's high-speed connectivity eliminates lengthy downloads and turns the Internet into a "real-time" resource for work and entertainment.

STSN also offers full service high-speed conferencing solutions designed to provide conference attendees with secure access to online resources ranging from individual or multi-user connections to videoconferencing and Webcasting. The STSN conferencing solutions make business meetings more productive, dynamic, and cost effective.

About SPV
Erlangen, Germany-based Siemens Project Ventures GmbH, which was founded in 1994, is developing, financing and supporting infrastructure projects worldwide. Currently SPV's portfolio consists of power plants and telecommunication projects in Asia, America and Europe.

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Contact:
STSN,
Salt Lake City
Michelle Tolman
801/201-9695
[email protected]
http://www.stsn.com

Also See	After a Year Designing and Testing, Marriott Introduces New Bed, Featuring a Seven-inch Jamison Mattress; Also Marriott and STSN Develop New Web Portal - TravelersEdge.com / Oct 2000
	STSN Installing High-speed Internet Access at 28 Columbia Sussex Hotels; Over 8,600 Guestrooms / July 2000

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