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Microcap & Penny Stocks : USRF - Wireless Internet Access -- Ignore unavailable to you. Want to Upgrade?

To: Glen Dornoch who wrote (279)	12/14/1998 10:02:00 AM
From: Trooper	Respond to of 956

NEWS RELEASE! I Told You! Only the beginning folks! Internet Pricing Breakthrough: Internet Media to OfferWireless T1 Equivalent for $599, 30%-50% Below Market BATON ROUGE, La., Dec. 14 /PRNewswire/ -- Internet Media Corporation (OTC Bulletin Board: USRF; pronounced you surf) announced today that it has developed a technology which provides business customers high-speed wireless Internet access at burstable T1 equivalent speeds (1.54 Mbs) for $599 per month (less in some markets), or 30% to 50% below the prevailing market price for the popular T1 corporate line. The price will include all related charges. "This is a breakthrough technology that allows for breakthrough pricing," said Internet Media President David Loflin. "Small business customers previously priced out of the market for T1 speed and capacity are now priced in, and will be able to obtain access from their participating local Internet service provider (ISP) instead of the telephone company. Moreover, by offering the USRF Wireless Internet system, participating local ISPs would have the ability to sell frequency bandwidth, thereby becoming extremely cost competitive in their respective markets. "Local ISPs will now be able to compete with national ISPs such as America Online, Mindspring and Verio, and regional ISPs like Rocky Mountain Internet. "This system and its speed will also make it easier to access search engines, browsers and Web destinations such as Microsoft, Netscape Communications, Yahoo, Excite, Amazon.com, eBay and Lycos," Mr. Loflin added. In addition, the Internet Media technology will enable participating ISPs to offer high-speed wireless ISDN-line equivalent speed (124 kbs) to business and residential Internet users at approximately 35% below the current market price for similar hard-wire Internet access. Internet Media's technology also provides several compelling advantages over existing hard-wire Internet service. It is completely non-reliant on a hard-wire or cellular telephone system, requires no FCC license, and provides constant Internet access from any computer -- stationary or mobile -- within the system transmission area. The technology employs a two-way modem, developed by the company. Internet Media expects to launch its low-cost service no later than March 1999 in Pueblo, Colorado. The company has reached an agreement in principle with an existing ISP, which will purchase infrastructure from Internet Media for a wireless system to serve downtown Pueblo. The system is to be operated under a license from Internet Media, under which Internet Media is to share in system revenue. The company is currently in negotiations with several other independent ISPs to roll out its low-cost, high-speed Wireless Internet access service. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are subject to contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance and are based on numerous assumptions about future conditions that could prove to be inaccurate. Actual events, transactions and results may differ materially from anticipated events, transactions or results described herein. SOURCE Internet Media Corporation CO: Internet Media Corporation ST: Colorado, Louisiana IN: CPR MLM SU: 12/14/98 09:19 EST prnewswire.com