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Technology Stocks : OneMain.com (ONEM) -- Ignore unavailable to you. Want to Upgrade?

To: lazarre who wrote (487)	7/1/1999 9:48:00 AM
From: KS	Respond to of 614

July 01, 1999 09:36 OneMain.com Announces Acquisition of Leading Michigan-based ISP Vienna, Va.--(BUSINESS WIRE)--July 1, 1999 - -- Northern & Western Michigan Internet Users to Benefit From Company's Unique Focus on Local Content/Building Geographic Communities - OneMain.com(TM) (Nasdaq:ONEM), today announced the Company has acquired The Internet Ramp, a Michigan-based provider of Internet access and other related services. As of June 1, 1999, The Internet Ramp has annualized revenues in excess of $3.7 million, more than 25,000 subscribers and is cash flow positive. "We are excited to welcome The Internet Ramp to the OneMain team. We believe the Internet Ramp is best of its class amongst local ISPs serving Northern and Western Michigan, and that there are numerous opportunities for OneMain to continue to grow this business," commented Smith. Smith added, "We continue to believe there are enormous opportunities available to OneMain as we look to capitalize on what we view as a fundamental shift in what consumers expect from Internet access providers. We strongly believe that Internet users, particularly individuals in our non-metropolitan markets, want strong local content from their ISP. As such, we are confident our focus on building geographic communities that provide our users with targeted local content and information - rather than the large virtual communities being built by traditional ISPs - provides us the opportunity to offer relevant services and drive loyalty to the OneMain brand." Based in Vienna, Virginia, OneMain.com is one of the ten largest independent Internet service providers with approximately 450,000 subscribers. OneMain.com provides Internet access and related services throughout the United States to individuals and businesses located predominantly in communities outside large metropolitan areas. These customers have traditionally been under-served by national on-line service providers and a great opportunity exists to meet their growing demand for on-line services in these markets. This press release contains forward-looking statements related to OneMain.com's opportunities and future growth. Any or all of our 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 consolidation strategy, its ability to complete and integrate acquisitions, and other factors affecting the Company's prospects. CONTACT: OneMain.com, Vienna Darren Brandt Rebecca Foster 212/446-1861/1863