USURF America - Navinet News
USURF AMERICA SIGNS AGREEMENT WITH NAVINET, A MAJORITY-OWNED
Business Wire
Aug 3 1999 8:49AM ET
Subsidiary of CMGI; Deal Strengthens Company's National Provider Capabilities
Business Editors/Technology Writers
BATON ROUGE, La.--(BUSINESS WIRE)--Aug. 3, 1999--USURF America, Inc. (OTC BB: USRF) today announced that it has entered into an agreement with NaviNet, Inc., an innovative provider of low-cost, high-performance Internet\IP network services and a majority-owned subsidiary of CMGI, Inc. (Nasdaq: CMGI), to resell dial-up Internet access to its customers nationwide. CMGI is a recognized leader in the Internet economy, having invested millions of dollars to bring nascent Internet companies public.
According to USURF America President David M. Loflin: "NaviNet has a more contemporary network architecture than other network providers, and as a result we will be able to offer the highest-quality service and revolutionary cost savings to our customers."
NaviNet was the first network to offer voice bypass technology on a national scale, enabling Internet users to avoid busy signals when logging online. The Andover, Mass.-based company also pioneered the "megapop" technology, which enables a single point of presence, or POP, to service several states. Older networks often require one POP in each city served. USURF America hopes to capitalize on this NaviNet feature.
NaviNet has announced that it will expand its service coverage area to 80% of the national Internet user population in 1999.
"This agreement, which comes on the heels of a similar agreement with the world's largest independent commercial ISP, further strengthens our ability to create a national network for superior high-speed Internet service," Mr. Loflin added. "Importantly, it also gives us cost advantages in certain key cities."
USURF America was recently awarded "Top Growth Wireless Company of the Year" by Webzter.com, a leading developer of virtual ISPs.
USURF America's Web site is: www.usrf.com.
Investor relations contact: Matthew Marcus, IBChannel, 949/442-8919; www.ibchannel.com.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause USURF America's actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, the need for additional capital, end-use customers' acceptance of new products and actual demand, which may differ significantly from expectations, the need for USURF America to manage its growth, and other risks associated with a development-stage company. |
