POST (Cypost) news..........
cypost.com
CYPOST CORPORATION EXPANDS ISP SERVICE EAST
RELATED SYMBOLS: (POST)
DOVER, Del., Jul 22, 1999 /PRNewswire via COMTEX/ -- CyPost
Corporation (OTC Bulletin Board: POST) is pleased to announce the
signing of a letter of intent to purchase Internet service provider
(ISP), NetRover Inc. of Toronto. The cash value of the transaction is
approximately $2.7 million USD.
NetRover Inc. and all the affiliated NetRover companies have been
providing reliable Internet services to their customers since 1993. Its
nation wide network coverage services Ontario, Quebec, British
Columbia, Alberta and Manitoba, and will soon provide DSL and cable
services.
As one of Canada's largest privately owned Internet providers, with
over 13,000 subscribers, NetRover is committed to being the leader in
server based hosting solutions. "We are excited about the CyPost merger
as we continue to provide reliable access, greatly enhanced now by the
privacy andprotection solutions that CyPost has developed," said Rob
Adams, president of NetRover.
The management at NetRover has built an uncompromising service package
for their customers. They provide service to traditional dial-up
customers, professionals, SOHO users and corporations. This diverse
customer base, along with the strategic partnerships developed since
NetRover's inception, create a diverse and balanced business model.
Having developed a solid reputation within the industry for its
premiere multi-lingual customer support, high up time and strong
management, NetRover, www.netrover.com, has established a strong
partnership with UUNet, www.uunet.com, and is an International Premier
Partner with Network Solutions,www.networksolutions.com.
NetRover is CyPost's first ISP acquisition on the East Coast as the
company aggressively moves toward building a solid presence in North
America. The recent completed acquisitions of Hermes Net Solutions,
www.ihermes.com, and Intouch.Internet, www.intouch.bc.ca, along with
the LOI signings of Internet Arena, www.inetarena.com, and NetRover
give CyPost an ISP user base of approximately 20 thousand.
"We believe the inherent value of CyPost has grown exponentially as
these acquisitions are completed," said Steve Berry, president and
chief executive of CyPost. "The market is beginning to realize our
value and this is reflected in the recent stock activity.
"As we continue our strategic acquisition plan, CyPost will grow
intowhat we believe will be a powerful force within our market," said
Berry. "We are in discussions with several prospects and look forward
to continued momentum on our current path."
About CyPost CyPost Corporation, www.cypost.com, provides broad-based
privacy and protection solutions for individuals, business
professionals and corporations. The company also develops complete
privacy and protection management, including encryption technology,
anti-virus software and content management applications, for use at
entry points and gateways to the Internet. For more information please
call toll-free 877-CyPost1.
Except for historical matter contained herein, the matters discussed in
this press release are forward-looking statements and are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect
assumptions and involve risks and uncertainties, which may affect
CyPost Corporation's business and prospects and cause actual results to
differ materially from these forward-looking statements.
SOURCE CyPost Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Peg McNicol, Marketing Communications Manager of CyPost
Corporation, 877-297-6781, or fax, 604-904-4433, or
pmcnicol@cypost.com
WEB PAGE: netrover.com
cypost.com
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