RIDE THE WAVE OF THE FUTURE MY MAN............... SEATTLE--(BUSINESS WIRE)--July 16, 1999--Information-Highway.com Inc. (OTCBB:IHWY) announced today that it will seek the services of a traditional investment banking firm in order to pursue the acquisition of Internet Service Providers (ISP's).
Information-Highway.com is interested in purchasing small Internet Service Providers with 500 to 20,000+ users for company stock and options in order to create a national network of regional Internet Service Providers interested in using its Executive Club portal (http://www.theexecutive.com). Internet Service Providers must be growing with little debt and must be run by individuals displaying strong management skills.
Information-Highway.com Inc. generated over $1.2 million in revenue last year with slight profitability from its largest subsidiary, YesIC Communications. The company has been publicly traded for approximately four months and currently has a market capitalization of approximately $70 million.
John Robertson, president & chief executive officer of Information-Highway.com, states, "Information-Highway.com was formed through the acquisitions of YesIC Communications, Blue Crow Internet, and Worldtel. We have managed to centralize our operations and expand accordingly and now believe that it is time to use our public-traded equity to finance acquisitions in order to increase our market share."
About Information-Highway.com Inc.
Information-Highway.com Inc. is a leading edge Internet Service Provider (ISP) engaged in Web content development and Internet access throughout North America. The company provides dial-up and dedicated Internet access as well as Web site hosting to over 20,000 Canadian users. Information-Highway.com's premiere online service, The Executive Club, is a localized regional Internet portal that can save users vast amounts of time by allowing them to access stock quotes, weather forecasts, community events, online trading, Web searches, multicasting, free Internet-based long-distance telephone calls, and shopping -- all from one place.
Interested parties may join The Executive Club for free at theexecutive.com and can find more information about Information-Highway.com Inc. on the company's Web site at information-highway.com.
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