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Technology Stocks : RMII -- Ignore unavailable to you. Want to Upgrade?

To: architect* who wrote (293)	8/3/1999 11:10:00 AM
From: E_K_S	Read Replies (1) \| Respond to of 345

Hi John:RMI.NET Acquires WebZone Oklahoma's Leading Independent Internet Service Provider (http://biz.yahoo.com/prnews/990803/co_rmi_net_1.html) Tuesday August 3, 8:03 am Eastern Time Company Press Release SOURCE: RMI.NET, Inc. Acquisition Marks RMI.NET's Entrance Into the Oklahoma Marketplace WebZone Noted as Largest Independent ISP in State.. RMII "...has acquired WebZone, a Tulsa, Okla.-based Internet service provider (ISP), for approximately $5.25 million in common stock, the company announced today. WebZone has an annualized revenue run rate of approximately $3 million...". "...WebZone has approximately 12,000 customers throughout Oklahoma...." ========================================================= That puts this last purchase at $437.50 per subscriber. If they can charge $36.50/month per subscriber, based on cash flow they get back their investment in just one year. Based on the run rate numbers, it appears that each subscriber currently contributes about $20/month. EKS