News....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 - news), 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 - news). 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. |
