Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (48662)	12/21/1999 1:08:00 PM
From: changedmyname	Respond to of 108040

PSCO acquires nation ISP... recent news: Monday November 1, 12:52 pm Eastern Time Company Press Release SOURCE: ProtoSource Corporation ProtoSource Corporation Acquires MicroNet Services, Inc. FRESNO, Calif., Nov. 1 /PRNewswire/ -- ProtoSource Corporation (''the Company'') (Nasdaq: PSCO - news, PSCOW - news), today announced that it has acquired substantially all the assets of MicroNet Services, Inc. (''MicroNet''). MicroNet is a national internet service provider (''ISP'') and web hosting business located in New Haven, Connecticut. The assets purchased by ProtoSource include all of MicroNet's subscriber base as well as its commercial based web hosting business. Financial terms of the agreement were not disclosed. Raymond Meyers, ProtoSource's Chief Executive Officer, stated, ''We are very excited about the acquisition of MicroNet. It is our first acquisition of a national ISP since the completion of our initial public offering and represents a major step toward our plan to consolidate regional ISPs in niche markets where major players such as AOL and Mindspring do not find it profitable to operate.'' Commenting on the fact that key personnel of MicroNet will join ProtoSource upon the completion of the acquisition, Mr. Meyers stated, ''With the addition of James Sette, as Vice President of Business Development, and other key personnel of MicroNet, ProtoSource is creating an infrastructure which will allow it to execute its business plan of consolidating local ISPs in niche markets.'' Mr. Meyers said, ''We believe that there is tremendous opportunity in the niche markets for ProtoSource to grow its business without having to compete head to head with the major ISPs. Our plan is to expand into other geographic areas which are not properly serviced by the major providers. We believe that MicroNet will be easily integrated into our present business mix, and we intend to acquire additional companies that meet our business model.'' ProtoSource is a full service, internet service provider which offers complete internet service to consumers, public agencies and businesses. Services include residential and commercial high speed internet, dedicated and dial-up access, web hosting, web site development and electronic commerce. In May 1999, ProtoSource purchased in excess of 10% of Infosis Corp., a privately-held provider of Internet-based electronic publishing software and services. ProtoSource successfully completed its initial public offering of common stock on May 15, 1998. The offering consisted of 1,050,000 Units at an initial offering price of $5.75 per Unit. The statements contained in this Press Release contain certain forward looking statements, including statements regarding ProtoSource's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to ProtoSource's management as at the date hereof and actual results may vary based upon future events, both within and without the control of ProtoSource's management. SOURCE: ProtoSource Corporation

To: jopawa who wrote (48662)	12/21/1999 1:09:00 PM
From: changedmyname	Respond to of 108040

PSCO acquires nation ISP... recent news: Monday November 1, 12:52 pm Eastern Time Company Press Release SOURCE: ProtoSource Corporation ProtoSource Corporation Acquires MicroNet Services, Inc. FRESNO, Calif., Nov. 1 /PRNewswire/ -- ProtoSource Corporation (''the Company'') (Nasdaq: PSCO - news, PSCOW - news), today announced that it has acquired substantially all the assets of MicroNet Services, Inc. (''MicroNet''). MicroNet is a national internet service provider (''ISP'') and web hosting business located in New Haven, Connecticut. The assets purchased by ProtoSource include all of MicroNet's subscriber base as well as its commercial based web hosting business. Financial terms of the agreement were not disclosed. Raymond Meyers, ProtoSource's Chief Executive Officer, stated, ''We are very excited about the acquisition of MicroNet. It is our first acquisition of a national ISP since the completion of our initial public offering and represents a major step toward our plan to consolidate regional ISPs in niche markets where major players such as AOL and Mindspring do not find it profitable to operate.'' Commenting on the fact that key personnel of MicroNet will join ProtoSource upon the completion of the acquisition, Mr. Meyers stated, ''With the addition of James Sette, as Vice President of Business Development, and other key personnel of MicroNet, ProtoSource is creating an infrastructure which will allow it to execute its business plan of consolidating local ISPs in niche markets.'' Mr. Meyers said, ''We believe that there is tremendous opportunity in the niche markets for ProtoSource to grow its business without having to compete head to head with the major ISPs. Our plan is to expand into other geographic areas which are not properly serviced by the major providers. We believe that MicroNet will be easily integrated into our present business mix, and we intend to acquire additional companies that meet our business model.'' ProtoSource is a full service, internet service provider which offers complete internet service to consumers, public agencies and businesses. Services include residential and commercial high speed internet, dedicated and dial-up access, web hosting, web site development and electronic commerce. In May 1999, ProtoSource purchased in excess of 10% of Infosis Corp., a privately-held provider of Internet-based electronic publishing software and services. ProtoSource successfully completed its initial public offering of common stock on May 15, 1998. The offering consisted of 1,050,000 Units at an initial offering price of $5.75 per Unit. The statements contained in this Press Release contain certain forward looking statements, including statements regarding ProtoSource's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to ProtoSource's management as at the date hereof and actual results may vary based upon future events, both within and without the control of ProtoSource's management. SOURCE: ProtoSource Corporation