BIZZ closes on its acquisitions:
biz.yahoo.com
Tuesday May 18, 11:27 am Eastern Time
Company Press Release
BiznessOnline Announces Closing of ISP Acquisitions
WALL, NJ--(BUSINESS WIRE)--May 18, 1999--BiznessOnline.com, Inc.
(NASDAQ: BIZZ - news) today announced that it has successfully completed the acquisitions of four Internet service providers located in Kingston, Utica and Albany, NY and Middlefield, CT. BiznessOnline also today completed its initial public offering raising $29 million in gross proceeds through the sale of 2.9 million shares of common stock at an initial public offering price of $10 per share.
BiznessOnline provides dial-up and private Internet access, designs and hosts customer web sites, and offers related e-commerce services to individual and business subscribers in Connecticut and northeastern New York state.
This press release contains forward-looking statements related to BiznessOnline's opportunities and future growth. Any or all forward looking statements in this press release or in any other public statements we make may turn out to be wrong. They can be affected by inaccurate assumptions we might make or by known or unknown risks and uncertainties, including risks related to the Company's growth strategy, its ability to complete and integrate acquisitions, and other factors affecting the Company's prospects.
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Contact:
For Further Information
Mark E. Munro, CEO
Daniel J. Sullivan, CFO
(732) 280-6408 |
