FCCN to acquire another 30,000 customers in the northeast. This may explain yesterday's strength. Wish they announced the terms. This company is beginning to get some critical mass. Do you have any idea as to the status of the acquisition that was announced at the end of March? That deal was to add 15,000 customers. That would give them 60,000 customers.
biz.yahoo.com
Thursday May 6, 8:02 am Eastern Time
Company Press Release
Frontline Announces Plan to Acquire Northeast ISP With Over 30,000
Subscribers
Acquisition Will Triple Frontline's Subscriber Base and Expand Its East Coast "Footprint"
PEARL RIVER, N.Y.--(BUSINESS WIRE)--May 6, 1999-- Frontline Communications Corporation (Nasdaq:FCCN - news) a Full Service Regional ISP and National E-Commerce Company, announced today that it has executed a letter of intent to acquire an Internet Service Provider with over 30,000 subscribers, located in the Northeastern United States.
The name of the ISP or the terms of the deal have not yetbeen disclosed. The proposed transaction is subject to bothparties' satisfactory completion of due diligence and other conditions.
According to the statement released by Frontline President and CEO
Stephen J. Cole-Hatchard, the ISP will extend Frontline's geographical
reach from Maryland to Massachusetts with 30,000 subscribers currently, and an anticipated additional 15,000 by late this summer.
''Frontline is rapidly executing an aggressive acquisition plan'' stated
Cole-Hatchard. ''Our strategy allows us to develop our infrastructure
and subscriber base, with considerable cost efficiencies and rapid
momentum.''
Founded in 1995, Frontline Communications Corporation provides
''Effortless e-commerce and Internet access''(TM). Frontline provides
Internet access to subscribers throughout New York, New Jersey, and
Pennsylvania and plans to extend its reach through acquisition.
The statements which are not historical facts contained in this press
release are forward looking statements that involve risks and
uncertainties, including but not limited to, changes in the market for
internet services, regulatory and technological changes, economic
factors, increased competition, and the nature of supplier or customer
arrangements which become available to the Company in the future. The
Company's actual results may differ materially from the results
discussed in any forward-looking statement.
------------------------------------------------------------------------ |
