Low cost T1 service: Santa Fe Internet Pricing Breakthrough:
Internet Media to Offer Wireless T1 Equivalent for 40% Below Market
December 30, 1998
BATON ROUGE, La.--(BUSINESS WIRE)Internet Media
Corporation (OTC BB: USRF)(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), Netscape
Communications (Nasdaq: NSCP), Yahoo
(Nasdaq: YHOO), Excite (Nasdaq: XCIT),
Amazon.com (Nasdaq: AMZN), eBay (Nasdaq:
EBAY), Lycos (Nasdaq: LCOS) and Earthlink
Network (Nasdaq: ELNK)," 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.
<<Business Wire, 12-29-98, 07:01 Eastern>>
CONTACT: Internet Media Corp., Baton Rouge
| Jim Kaufman, 805/493-9273 |
internetmediacorp.com
[Copyright 1998, Business Wire] |
