THIS IS BIG NEWS TODAY, BUT WHO KNOWS WHAT THE MARKET WILL DO WITH IT!!!
Thursday March 25, 7:00 am Eastern Time
Company Press Release
A First: USRF's Quick-Cell Wireless Internet System Transforms Local ISP Into Wireless CLEC in 18 Hours
First Wireless T-1 Customer On-line Just Two Hours Later
BATON ROUGE, La.--(BUSINESS WIRE)--March 25, 1999--Internet Media Corp. (OTC BB: USRF - news) today reported the successful deployment of the first US.RF(TM) Quick-Cell(TM) Wireless CLEC Internet kit, in Casper, Wyo. A two-person team at Casper-based Internet Service Provider (ISP) CoffeyNet installed the US.RF Quick-Cell Wireless Internet System in about 18 hours, then deployed Wyoming's first two-way wireless burstable T1-equivalent bandwidth in two hours. The wireless T-1-equivalent speed Internet access system is currently serving a consortium of public agencies in two Natrona County, Wyo. government buildings located in Casper.
''The US.RF Quick-Cell Wireless Internet System enabled us to offer T-1-equivalent bandwidth 45% below our local market price of traditional, hard-wire T-1 service provided by companies such as MCI WorldCom (Nasdaq: WCOM - news) and Sprint (NYSE: FON - news),'' said Greg Coffey, president of CoffeyNet. ''We didn't run into any major problems (deploying Quick-Cell), and, once everything was in place, it took only about two hours to make the system operational,'' he added. Coffey also stated that CoffeyNet is set to establish T-1-equivalent speed service for four more Casper businesses, and has received interest from a local television station and a major bank, in addition to strong interest from the Casper retail sector. CoffeyNet expects to begin to provide the first wireless ISDN (128kbs) equivalent-speed Internet service to home users in the Casper market in the near future.
In addition to modem and other related hardware sales, Internet Media will share in all recurring monthly gross revenue generated by its US.RF Quick-Cell technology-partner ISPs.
When asked for comment, David Loflin, President of Internet Media, said, ''The roughly 6000 local, independent ISPs that each year, in effect, resell millions of dollars worth of bandwidth for the Baby Bells and Internet backbones like US West (NYSE: USW - news), and account for billions of dollars of hardware sales for companies like 3COM (Nasdaq: COMS - news), Ascend (Nasdaq: ASND - news) and Cisco (Nasdaq: CSCO - news), represent an enormous potential distribution channel for US.RF Wireless Internet Access technology.
''This Casper deployment of the US.RF Quick-Cell Wireless Internet System validates our assertion that any local ISP can, without any on-site assistance from Internet Media whatsoever, in less than one week, be transformed into a powerful local provider of Internet business solutions. That transformation can have important and positive implications for the futures of both Internet Media and the local, independent ISP who implements our Wireless Internet technology.''
ISPs interested in the US.RF Quick-Cell Program should e-mail jameskaufman@earthlink.net.
Internet Media's Web Site is: www.usrf.com.
Interested parties can also visit www.cyberhighway.net, as well as www.coffey.net.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The 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.
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