Maritime Telecommunications Network Provides Communication Services to Baker Oil Tools

Apr 02, 2001, 01:00 ET from Maritime Telecommunications Network, Inc.

    MIRAMAR, Fla., April 2 /PRNewswire/ -- Maritime Telecommunications
 Network, Inc. (MTN), the leader in maritime telecommunications and a
 subsidiary of Verestar, Inc., announced today that it has been awarded a
 three-year contract to provide a complete C-Band system, including antennas,
 stabilized platforms and terminal services, onboard Baker Oil Tools'
 newest vessel, the HR Hughes.   MTN and Baker Oil Tools' service relationship
 extends back to 1999 when Baker Oil Tools installed a complete C-band system
 onboard the RC Baker.  The HR Hughes is currently under construction at North
 American Shipyard and is scheduled for the installation of a C-Band system
 this April.
     "We are pleased to continue to provide Baker Oil Tools with an affordable
 method of transporting information in an increasingly competitive global
 marketplace," said Brad Briggs, Senior Vice President of MTN.  "This agreement
 will allow Baker Oil Tools to provide faster and more cost-efficient
 communications services to their clients."   The HR Hughes will also provide
 completion services to several major oil companies, including Shell Oil, Mobil
 and Exxon.
     "Prior to utilizing MTN's state-of-the-art communications services, data
 was retrieved from a site and transported to a land location to be processed
 and disseminated, thus requiring several man hours.  Today, data can be
 uploaded instantly," said Tom Vannoy, Gulf Coast Region Manager for Sand
 Control of Baker Oil Tools.
    The leased C-Band system will be implemented using two satellite circuits,
 one primary 128 Kbps circuit with a backup circuit of 128 Kbps.  Ship-to-Shore
 communications will be enabled by unique, 24 x 7 satellite links with
 sufficient bandwidth for four phone lines (typically configured for two voice
 lines, one fax and one data line), and a full-time network connection. MTN
 provides communications services to over 30 offshore oilrigs and seismic
 vessels, worldwide.
 
     About MTN
     Maritime Telecommunications Network, Inc. (MTN), the leader in maritime
 communications, provides C-Band voice, fax, data and Internet communications,
 as well as Inmarsat services to the cruise and offshore industries, and the
 U.S. Navy throughout the world.  MTN is owned by its parent company Verestar,
 Inc., which is a wholly owned subsidiary of American Tower Corporation
 (NYSE:   AMT).  More information is available at www.mtnsat.com.
      This press release contains "forward-looking statements" concerning
 future expectations, plans or strategies that are subject to a number of risks
 and uncertainties.  American Tower Corporation, "the Company," wishes to
 caution readers that certain important factors may cause the Company's actual
 results to differ materially from those expressed in any forward-looking
 statement made by or on behalf of the Company. Such important factors with
 respect to Verestar include, but are not limited to (i) the reliance on
 increasing demand for internet and international data transmissions, (ii) the
 use of satellites and fiber for internet data and other transmissions, (iii)
 risks inherent in extensive foreign operations, including governmental
 regulation of business in general and internet content and operations in
 particular, government expropriation, currency fluctuations, inability to
 repatriate any earnings or other funds, and language and cultural differences
 that could impair management control and operations, (iv) large fixed costs
 based on long-term leases of satellite space, (v) dependence on third-party
 satellite operators, (vi) competitive pressures from third-party satellite
 operators, several of whom are large international companies, and (vii) the
 successful operational integration of acquisitions.  Additional factors
 relating to the Company include, but are not limited to (i) substantial
 capital requirements and leverage principally as a consequence of its ongoing
 acquisitions and construction activities, (ii) the success of the Company's
 tower construction program and (iii) the successful operational integration of
 the Company's business acquisitions.  In addition, please also refer to the
 Company's Prospectus dated February 13, 2001, which is a part of our
 registration statement on Form S-3 (333-54648) filed with the SEC, for other
 important factors that may cause actual results to differ materially from
 those expressed in our forward-looking statements. The Company undertakes no
 obligation to update forward-looking statements to reflect subsequently
 occurring events or circumstances.
 
     About Baker Oil Tools
     Baker Oil Tools, a subsidiary of Baker Hughes (NYSE:   BHI) is a world
 leader in total completion, workover, and fishing solutions that help
 exploration and production companies optimize their hydrocarbon recovery
 investment.
 
 

SOURCE Maritime Telecommunications Network, Inc.
    MIRAMAR, Fla., April 2 /PRNewswire/ -- Maritime Telecommunications
 Network, Inc. (MTN), the leader in maritime telecommunications and a
 subsidiary of Verestar, Inc., announced today that it has been awarded a
 three-year contract to provide a complete C-Band system, including antennas,
 stabilized platforms and terminal services, onboard Baker Oil Tools'
 newest vessel, the HR Hughes.   MTN and Baker Oil Tools' service relationship
 extends back to 1999 when Baker Oil Tools installed a complete C-band system
 onboard the RC Baker.  The HR Hughes is currently under construction at North
 American Shipyard and is scheduled for the installation of a C-Band system
 this April.
     "We are pleased to continue to provide Baker Oil Tools with an affordable
 method of transporting information in an increasingly competitive global
 marketplace," said Brad Briggs, Senior Vice President of MTN.  "This agreement
 will allow Baker Oil Tools to provide faster and more cost-efficient
 communications services to their clients."   The HR Hughes will also provide
 completion services to several major oil companies, including Shell Oil, Mobil
 and Exxon.
     "Prior to utilizing MTN's state-of-the-art communications services, data
 was retrieved from a site and transported to a land location to be processed
 and disseminated, thus requiring several man hours.  Today, data can be
 uploaded instantly," said Tom Vannoy, Gulf Coast Region Manager for Sand
 Control of Baker Oil Tools.
    The leased C-Band system will be implemented using two satellite circuits,
 one primary 128 Kbps circuit with a backup circuit of 128 Kbps.  Ship-to-Shore
 communications will be enabled by unique, 24 x 7 satellite links with
 sufficient bandwidth for four phone lines (typically configured for two voice
 lines, one fax and one data line), and a full-time network connection. MTN
 provides communications services to over 30 offshore oilrigs and seismic
 vessels, worldwide.
 
     About MTN
     Maritime Telecommunications Network, Inc. (MTN), the leader in maritime
 communications, provides C-Band voice, fax, data and Internet communications,
 as well as Inmarsat services to the cruise and offshore industries, and the
 U.S. Navy throughout the world.  MTN is owned by its parent company Verestar,
 Inc., which is a wholly owned subsidiary of American Tower Corporation
 (NYSE:   AMT).  More information is available at www.mtnsat.com.
      This press release contains "forward-looking statements" concerning
 future expectations, plans or strategies that are subject to a number of risks
 and uncertainties.  American Tower Corporation, "the Company," wishes to
 caution readers that certain important factors may cause the Company's actual
 results to differ materially from those expressed in any forward-looking
 statement made by or on behalf of the Company. Such important factors with
 respect to Verestar include, but are not limited to (i) the reliance on
 increasing demand for internet and international data transmissions, (ii) the
 use of satellites and fiber for internet data and other transmissions, (iii)
 risks inherent in extensive foreign operations, including governmental
 regulation of business in general and internet content and operations in
 particular, government expropriation, currency fluctuations, inability to
 repatriate any earnings or other funds, and language and cultural differences
 that could impair management control and operations, (iv) large fixed costs
 based on long-term leases of satellite space, (v) dependence on third-party
 satellite operators, (vi) competitive pressures from third-party satellite
 operators, several of whom are large international companies, and (vii) the
 successful operational integration of acquisitions.  Additional factors
 relating to the Company include, but are not limited to (i) substantial
 capital requirements and leverage principally as a consequence of its ongoing
 acquisitions and construction activities, (ii) the success of the Company's
 tower construction program and (iii) the successful operational integration of
 the Company's business acquisitions.  In addition, please also refer to the
 Company's Prospectus dated February 13, 2001, which is a part of our
 registration statement on Form S-3 (333-54648) filed with the SEC, for other
 important factors that may cause actual results to differ materially from
 those expressed in our forward-looking statements. The Company undertakes no
 obligation to update forward-looking statements to reflect subsequently
 occurring events or circumstances.
 
     About Baker Oil Tools
     Baker Oil Tools, a subsidiary of Baker Hughes (NYSE:   BHI) is a world
 leader in total completion, workover, and fishing solutions that help
 exploration and production companies optimize their hydrocarbon recovery
 investment.
 
 SOURCE  Maritime Telecommunications Network, Inc.