Hi John:RMI.NET Acquires WebZone Oklahoma's Leading Independent Internet Service Provider
(http://biz.yahoo.com/prnews/990803/co_rmi_net_1.html)
Tuesday August 3, 8:03 am Eastern Time
Company Press Release
SOURCE: RMI.NET, Inc.
Acquisition Marks RMI.NET's Entrance Into the Oklahoma Marketplace WebZone Noted as Largest Independent ISP in State..
RMII "...has acquired WebZone, a Tulsa, Okla.-based Internet service provider (ISP), for approximately $5.25 million in common stock, the
company announced today. WebZone has an annualized revenue run rate of approximately $3 million...". "...WebZone has approximately 12,000 customers throughout Oklahoma...."
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That puts this last purchase at $437.50 per subscriber. If they can charge $36.50/month per subscriber, based on cash flow they get back their investment in just one year. Based on the run rate numbers, it appears that each subscriber currently contributes about $20/month.
EKS |
