USRF acquires another ISP..
I love the comparison to AOL and Amazon. Have a feeling we will soon be valued as an ISP play. Lets not debate their wireless tech just yet, just give me the same value as Mindspring and Rocky Mountain Internet from a "times revenue" standpoint. Then lets value their wireless tech and corporate workplace potential.
Wednesday August 19, 6:00 am Eastern Time
Company Press Release
SOURCE: Internet Media Corporation
Internet Media Corporation to Acquire Internet
Service Provider
BATON ROUGE, La., Aug. 19 /PRNewswire/ -- Internet Media Corporation (OTC-Bulletin Board: USRF - news) today
announced that it has entered into a letter of intent to acquire an Internet Service Provider located in Salt Lake City, Utah. The
Salt Lake City ISP provides Internet access to approximately 1,500 customers. The acquisition by USRF will be the third
acquisition of an ISP by USRF in the last month.
The acquisition will be made with a combination of cash and common stock. USRF expects to enter into a definitive
acquisition agreement in the near future.
''The acquisition of this ISP falls in line with our strategic target
geographic area of Utah where we have also recently announced the acquisition
of an ISP in St. George, Utah. Our strategic plan is to continue to consider
ISP acquisition candidates in both Utah and New Mexico. We plan to 'plug-in'
our Wireless Internet System with all acquired ISP's. The success of such
Internet companies as America Online (NYSE:AOL - news) and Amazon.com (Nasdaq:AMZN - news)
suggests the powerful future the Internet will have in our lives. We intend
to provide the people of Utah their '21st Century' ISP -- one that is
wireless, dependable and fast," stated David Loflin, president of USRF.
For further information on USRF visit stockwire.com and internetmediacorp.com.
SOURCE: Internet Media Corporation
More Quotes
and News:
Amazon Com Inc (Nasdaq:AMZN - news)
America Online Inc (NYSE:AOL - news)
Internet Media Corp (OTC BB:USRF - news)
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