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EXHIBIT 1
APERIAN RECEIVES UP TO $40 MILLION IN FINANCING FROM HP
AUSTIN, TEXAS, AUGUST 7, 2000 -- Aperian [Nasdaq: APRN], a leader in providing
managed services and scalable bandwidth for content-intensive e-businesses,
today announced a financing of $40 million from Hewlett-Packard Company (HP). As
part of the agreement, HP, a leading global provider of computing and imaging
solutions and services, is to become a preferred provider of data center
products and services. Proceeds will be used to fund Aperian's national growth
strategy of providing totally outsourced Internet infrastructure solutions to
companies deploying mission critical broadband content and applications over the
web.
Under the agreement, Aperian may draw up to $40 million in the form of
a convertible note. A portion of all funds received will be used to purchase HP
products and services with the remainder of the capital used to fund Aperian's
national growth strategy. $10 million of the funds will be immediately available
to Aperian.
"Aperian is proud to secure this relationship from such a prestigious
industry leader," said Robert J. Gibbs, Aperian President and Chief Executive
Officer. "We believe it demonstrates confidence in our ability to become a key
player in providing full service, high bandwidth turnkey Internet infrastructure
solutions."
"We're excited to work with Aperian in helping them take advantage of
opportunities in this dynamic environment," said Craig White, President of HP
Credit Corporation. "Its sophisticated approach to providing robust Internet
infrastructure solutions make Aperian an exciting company to work with."
ABOUT APERIAN:
MSI Holdings, Inc. dba Aperian (Nasdaq: APRN) enables scalable growth for
content-intensive e-businesses by providing latest-generation broadband
capabilities and turnkey application infrastructure. Through strategic alliances
with Genuity (Nasdaq: GENU) and MCI WorldCom (Nasdaq: WCOM), Aperian offers
unique direct access to the Internet backbone via its Direct Optical Co-location
Connection (DOCCTM) technology. In addition, Aperian provides value-added
services that allow web-centric businesses to deliver a reliable and efficient
web site experience to their end users. Aperian is an end-to-end Cisco (Nasdaq:
CSCO) Powered Network. Aperian has been certified for network architecture,
security architecture, and facilities design by GTE/BBN Technologies.
Information about Aperian and its services can be found on the World Wide Web at
www.aperian.com.
