RMII looks good here. news of collaboration with COVD today, in 8 7/16 11:32am (PR NEWSWIRE) RMI.NET Teams with Covad Communications to Offer Warp Wire D
RMI.NET Teams with Covad Communications to Offer Warp Wire DSL Service to 22
Markets Nationwide
Agreements Give Denver-based Commerce Solutions Provider
Access to One of the Largest DSL Footprints in United States
DENVER, Sept. 9 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a national
e-business and convergent communications company, announced today it will
provide Digital Subscriber Line (DSL) service -- high-speed access to the
Internet for data and video -- in up to 22 U.S. markets through a relationship
with Covad Communications (Nasdaq: COVD). The service, called Warp Wire(TM),
will launch immediately in Denver and then rapidly expand nationwide.
(Photo: newscom.com )
In naming Santa Clara, Calif.-based Covad Communications as it preferred
provider for DSL, RMI.NET becomes one of the largest Denver-based providers of
national DSL service. RMI.NET also will have access to one of the largest DSL
footprints in the U.S.
"Covad Communications clearly is the leading provider of DSL access
nationwide, and our relationship expands RMI.NET's role as a leader in
providing total communications and e-commerce solutions," said Douglas H.
Hanson, chairman and chief executive officer for RMI.NET. "The scope and
depth of our relationship with Covad enables us to provide premier Internet
access service for our customers nationwide."
Through its Covad relationship, RMI.NET will be able to provide Warp
Wire(TM) DSL service to 22 metropolitan areas, including Atlanta; Austin,
Texas; Baltimore; Boston; Chicago; Dallas/Fort Worth; Denver; Detroit;
Houston; the greater Los Angeles area; Miami; Minneapolis/St. Paul; New York;
Philadelphia; Phoenix; Portland, Ore.; Raleigh/Durham, N.C.; Sacramento,
Calif.; San Diego; the San Francisco Bay area; Seattle; and Washington, D.C.
"Covad's strategy is to offer fast, affordable DSL access services to home
and business users," said Bob Grant, central region president and general
manager for Covad Communications. "Our relationship with RMI.NET affords us
the opportunity to utilize one of the leading companies in the nation offering
traditional Internet service, as well as communications and e-commerce
solutions."
As Covad Communications expands its nationwide DSL offering, RMI.NET will
be able to expand its Warp Wire(TM) service offering through the agreement to
other U.S. cities, Grant added. This includes high-speed access to DSL over
Asynchronous Transfer Mode (ATM) voice service when it becomes available, he
said.
DSL offers consumers high-speed local broadband connections that are
significantly faster than other remote connections, such as telephone lines or
Integrated Service Digital Networks (ISDN). DSL offers connections that are
up to 10 times faster than an ISDN circuit and up to 50 times faster than
telephone lines. DSL allows customers faster download of files and
information from the Internet or remote networks.
RMI.NET's DSL service packages are priced at flat rates starting at $59.95
a month for residential consumers and $119 a month for businesses. The
package includes Internet access, a one-time installation fee of $499 for
businesses and upgrades to future additional services. RMI.NET will be
offering an introductory, limited-time offer of free hardware and free
installation with a two-year service agreement; the value of this offer is
$850. Customers utilizing RMI.NET's DSL offering will enjoy nationwide
coverage that gives "always-on" bandwidth network connectivity 24 hours a day,
seven days a week, and a variety of service options, including transmission
speeds.
Covad is a leading broadband access and services provider offering DSL
services to large enterprise customers and, through ISPs, to small and
medium-sized businesses and home users. It provides services in 22 regions
nationwide, encompassing 51 metropolitan statistical areas.
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national commerce solutions provider focusing on turnkey e-business
applications and convergent communications. RMI.NET has developed and
provides small and medium-sized companies with scalable e-business
capabilities; customized web page development and hosting; nationwide Internet
dialup and dedicated access; Digital subscriber line (DSL) service; and
traditional communication services, including Internet telephony. The company
wholly owns a proprietary portal site and search engine, Infohiway, at
www.infohiway.com. For more information on RMI.NET, call (800) 864-4327, or
visit the company's web site at www.rmi.net.
This press release might contain forward-looking statements. These
forward-looking statements are subject to risks and uncertainties. Actual
results may differ materially from such forward-looking statements as a result
of risks and uncertainties which are described in the cautionary statements
section of the company's 10K dated December 31, 1998, and may include other
risks described in all Securities and Exchange Commission filings submitted as
of this date.
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