Here is the PR!!! Look at the names of the Cities!!!
Friday January 22, 7:01 am Eastern Time
Company Press Release
USRF Acquires 25,000 Customer ISP
CyberHighway.net Gives USRF National Presence
BATON ROUGE, La.--(BUSINESS WIRE)--Jan. 22, 1999--Internet Media Corporation (OTC BB: USRF - news; pronounced you surf) announced today that it had executed a definitive agreement to acquire CyberHighway, Inc., a Boise, ID-based ISP servicing over 25,000 customers in 80 cities, including Boise, Phoenix and Scottsdale, AZ, Portland, OR, and Salt Lake City, UT, in 11 states. The acquisition of CyberHighway, Inc. is being made solely for shares of USRF stock. The closing of the acquisition is scheduled for January 29, 1999, and management of USRF is aware of no impediments to the closing.
''We just accelerated our growth plan by about two years, with this acquisition of CyberHighway,'' said David Loflin, President of Internet Media. ''CyberHighway is a mature, profitable ISP with a 'foot-print' in some 80 cities. We have already developed a plan for installing our Wireless Internet access system in each of these cities during the coming months. We intend to keep the current management of CyberHighway in place,'' Loflin stated.
Founded in 1995, CyberHighway is a full-service ISP, offering its services, directly and through licensees, to residential and business customers in each of its markets. Additional information regarding CyberHighway can be obtained by visiting its web site, www.cyberhighway.net.
USRF's Wireless Internet access technology 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 Internet Media.
Further information concerning USRF can be obtained by visiting www.internetmediacorp.com.
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.
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Contact:
Internet Media Corporation, Baton Rouge
James Kaufman, 805/493-9273 |
