Tuesday March 21, 8:02 am Eastern Time
Company Press Release
NetCommerce Inc. Completes Acquisition of NetCom ISP to Provide High Speed Internet Connectivity Services to Business Customers
DALLAS--(BUSINESS WIRE)--March 21, 2000--NetCommerce Inc. (OTCBB:NEET - news; netcommerceinc.com) announced today that it has completed the acquisition of NetCom ISP Inc., a Texas corporation which provides connectivity and bandwidth services to business customers.
NetCom ISP will operate as a wholly owned subsidiary under NetCommerce, Inc. NetCom ISP offers a full range of Internet services, including commercial dial-up accounts, dedicated connections and other B2B Internet services.
``NetCom ISP is a perfect fit for our company,' said Mark Lindberg CEO of NetCommerce. ``In the past, we have had to outsource our customer's bandwidth needs to other third party companies for Internet connectivity. Now, with NetCom ISP, we have a quality connectivity solution that will deliver a very high level of customer support. To accomplish our company's mission of bringing small to medium sized businesses to the Internet, we have long realized that NetCommerce, with 3,000 existing website clients in the retail, services, automotive, and energy industries -- to name a few -- could logically diversify into providing Internet connectivity. Now with NetCom ISP, NetCommerce is equipped to increase revenues by capturing a larger portion of each business customer's Internet budget.'
NetCom ISP offers a full range of Internet services, including national roaming ISDN/analog dial-up accounts (over 2,000 POPs), dedicated connections and other commercial Internet services from an established, centralized Network Operations Center (NOC) through its affiliation with ISP Alliance, Inc., ispalliance.com. ISP Alliance is strategically partnered with industry leaders such as UUNET, Lucent and PairGain. NetCom ISP CEO and President, John Thompson, has an extensive background in broad bandwidth sales, services, and technical applications. Thompson most recently served as customer engineering manager for the Central Region for Verio (Nasdaq:VRIO - news) based in Dallas.
NetCom ISP CEO John Thompson, stated ``...a business customer may start with a simple dial-up Internet connection, but as each company gets better acquainted with the huge efficiencies to be gained by using the Internet as a business tool, we believe a significant percentage of our commercial clients will recognize that having a more powerful connection makes good business sense. The NetCommerce acquisition of NetCom ISP allows us to better serve our clients and brings us one step closer to providing complete turnkey Internet solutions to our small to medium sized business customers.'
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
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Contact:
NetCommerce Inc., Dallas
Investor Relations, 888/638-7693
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More Quotes and News: NetCommerce Inc (OTC BB:NEET.OB - news)
Related News Categories: computers, internet, publishing, software, telecom
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