Wednesday March 10, 7:02 am Eastern Time
Company Press Release
Internet Media ''USRF'' To Tap Multibillion Dollar ISP Distribution Channel With Quick-Cell ''Wireless CLEC Internet Kit''
Over 100 Cities Targeted for 1999
BATON ROUGE, La.--(BUSINESS WIRE)--March 10, 1999--Internet Media Corp. (OTC: USRF - news) today unveiled its US.RF (U.S. Radio Frequency) ''Quick-Cell(TM)'' Program, designed to permit the rapid deployment of the Company's two-way Wireless Internet broadband access among select, local independent Internet Service Providers (ISPs), which, collectively, account for billions of dollars of Internet-related bandwidth and hardware sales each year.
Quick-Cell is a turnkey, plug-and-play Wireless Internet access system that, in less than one week, will be capable of transforming an ordinary, garden-variety ISP into a powerful Competitive Local Exchange Carrier (CLEC) capable of delivering the US.RF Wireless Internet access at burstable T1-equivalent speeds in their local markets, at prices that will range from 40% to 60% below those charged for traditional T-1 hardwire service.
''The over-6,000 local ISPs represent an enormous potential distribution channel for our US.RF Wireless Internet access technology,'' said Internet Media President, David Loflin. ''We believe the flexibility of our Quick-Cell Wireless Internet access system will allow us to penetrate this tremendous channel of distribution,'' continued Loflin. Loflin also noted that these independent, local ISPs, in effect, resell billions of dollars worth of bandwidth each year for the Baby Bells and Internet backbones, like US West (NYSE: USW - news) and MCI WorldCom (Nasdaq: WCOM - news), and account for billions of dollars of hardware sales revenue for companies like 3Com (Nasdaq: COMS - news), Ascend (Nasdaq: ASND - news) and Cisco (Nasdaq: CSCO - news).
''One of points to these independent, local ISPs will be that our Quick-Cell deployment model will allow them to bypass the monopolistic Baby Bells and their congested, and maddeningly unavailable, last-mile hardwire service, while providing what we believe will be a competitive edge in price, performance and flexibility in their markets,'' Loflin added.
In concluding his comments, Loflin stated, ''Our US.RF Wireless Internet access technology also shatters previously existing cost barriers for customer-site wireless modems. Each of the Wireless Internet access CLEC installation package consists of one US.RF Quick-Cell, one US.RF server modem and five US.RF wireless, two-way customer modems, which can be deployed by the local ISP in less than one week. Through Internet Media's revolutionary 'Just-in-Time Bandwidth' deployment model, additional Quick-Cells can be added to a local system on an as-needed basis.''
Internet Media will share in all monthly bandwidth revenue generated by participating ISPs, in addition to selling hardware through this distribution channel.
Qualified ISPs in select cities will be chosen as licensees of the US.RF Quick-Cell Wireless Internet access system and hardware. Management's goal is to transform ISPs in more than 100 cities into ''Wireless CLECs'' by calendar year end.
ISPs interested in the Quick-Cell Program should e-mail jameskaufman@earthlink.net. Internet Media's Web Site is: www.usrf.com.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause Internet Media's actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, end-use customers' acceptance of new products and actual demand, which may differ significantly from expectations, the need for Internet Media to manage its growth, and other risks associated with a development-stage company.
Contact:
Internet Media Corp., Baton Rouge James Kaufman, 805/493-9273 |