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To: Taki who wrote (128568)	2/17/2004 9:31:15 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

For MOBL fans, here's their news: MobilePro Corp. Signs LOI To Acquire Texas Internet Service Provider Deal Exp cted To Add More Than $1.5 MM Revenue, Be Accretive To MobilePro 2004 Earnings ( PRNewswire-FirstCall ) BETHESDA, Md., Feb 17, 2004 /PRNewswire-FirstCall via COMTEX/ -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced today the company has signed a letter of intent to acquire August.net, a Dallas, Texas-based Internet Service Provider (www.august.net). The deal is forecast to add more than $1.5 million in annualized revenue and to be accretive to MobilePro's 2004 earnings. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, is expected to close in April 2004. The terms of the transaction were not disclosed. Jay Wright, MobilePro president and CEO, said, "We are excited with the prospect of adding August.net to our rapidly growing telecommunications platform. Greg Fausak and his team have built a terrific company that we welcome to MobilePro. We expect this acquisition to be immediately accretive to MobilePro's earnings. Further, based on our current estimates and business conditions and excluding non-recurring items, upon the full integration of this transaction and our recently announced acquisition of EXP Internet Services, we anticipate moving into the black at the operating income line on a consolidated basis." Greg Fausak, Manager of August.net, said, "We look forward to working with both Jay and Jack Beech to integrate August.net with Nationwide Internet. Jack has an excellent reputation as a first-rate ISP operator and we look forward to working with him to continue August.net's tradition of unparalleled customer service and quality." Founded in 1996, August.net offers complete broadband Internet access for individuals and businesses with a full range of connections including T-1 and DSL as well as hosting and collocation services. August.net is based in Dallas, Texas. An investment profile about MobilePro Corp. may be found online at www.hawkassociates.com/mobilepro/profile.htm For more information, contact MobilePro CEO Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com. Detailed information about MobilePro can be found on the website www.mobileprocorp.com. An online investor kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found on the website www.hawkassociates.com. This release contains various forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward- looking statements including the Company's ability to obtain future financing on favorable terms, changes in the wireless and telecommunications industries that compel the Company to alter its present business strategy, the Company's ability to attract management capable of implementing the Company's existing or future business strategy and the risk factors set forth in the Company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others. SOURCE MobilePro Corp. CONTACT: Jay Wright, CEO, MobilePro Corp., +1-301-315-9040; or Investors, Frank Hawkins, or Julie Marshall, both of Hawk Ass ciates, +1-305-852-2383, or info@hawkassociates.com, for MobilePro Co p. URL: mobileprocorp.com prnewswire.com Copyright (C) 2004 PR Newswire. All rights reserved. -0- KEYWORD: Maryland Texas INDUSTRY KEYWORD: CPR TLS OTC MLM SUBJECT CODE: TNM * end of story *