Right you are Gary. Here it is:
Tuesday December 29, 7:01 am Eastern Time
Company Press Release
Santa Fe Internet Pricing Breakthrough: Internet Media to Offer Wireless T1 Equivalent for 40% Below Market
BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 29, 1998--Internet Media Corporation (OTC BB: USRF - news; pronounced you surf) announced today that it has implemented its recently announced wireless T-1 equivalent Internet access to the Santa Fe, N.M. market. USRF's technology will provide business customers high-speed wireless Internet access at burstable T1 equivalent speeds (1.54 Mbs) for about 40% below the prevailing market price in Santa Fe for the popular T1 corporate line. The price will include all related charges.
''Our breakthrough technology allows us to offer high-speed Internet access at breakthrough pricing,'' said Internet Media President David Loflin. ''Until now, most small business customers in Santa Fe have been priced out of the market for T1 speed and capacity; now these customers are priced in, and can obtain access from our wireless ISP in Santa Fe, instead of from other hard-wire based ISPs or the telephone company.'' Loflin stated further that Internet Media's technology will permit it to offer wireless T1-equivalent access to Santa Fe business customers for $699 per month.
''Our wireless Internet system and its speed also make it easier to access search engines, browsers and Web destinations such as Microsoft (Nasdaq: MSFT - news), Netscape Communications (Nasdaq: NSCP - news), Yahoo (Nasdaq: YHOO - news), Excite (Nasdaq: XCIT - news), Amazon.com (Nasdaq: AMZN - news), eBay (Nasdaq: EBAY - news), Lycos (Nasdaq: LCOS - news) and Earthlink Network (Nasdaq: ELNK - news),'' Loflin added.
In addition, USRF's technology will allow it to offer high-speed wireless ISDN-line equivalent speed (124 kbs) to business and residential Internet users in Santa Fe at about 60% below the current market price for similar access in Santa Fe.
Internet Media's technology also provides several compelling advantages over existing Internet service. It is completely non-reliant on a hard-wire or cellular telephone system, requires no FCC license, and provides constant Internet access from any computer -- stationary or mobile -- within the company's transmission area. The technology employs a two-way modem, developed by the company, which costs about $350.
Internet Media plans to launch its low-cost service no later than March 1999 in Santa Fe, N.M.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are subject to contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance and are based on numerous assumptions about future conditions that could prove to be inaccurate. Actual events, transactions and results may differ materially from anticipated events, transactions or results described herein.
Contact:
Internet Media Corp., Baton Rouge
Jim Kaufman, 805/493-9273
internetmediacorp.com
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