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To: J. Nelson who wrote (765)	12/15/1998 10:05:00 AM
From: Trooper	Read Replies (2) \| Respond to of 15987

USRF SMOKING! Check out the updated release. Internet Pricing Breakthrough: Internet Media to Offer Wireless T1 Equivalent for 30%-50% Below Market BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 15, 1998--Internet Media Corporation (OTCBB:USRF) 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 30% to 50% below the prevalent 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 priced out of the market for T1 speed and capacity are now priced in, and can obtain access from their local Internet service provider (ISP) instead of the telephone company. Moreover, local ISPs will have the ability to sell frequency bandwidth, thereby becoming extremely cost competitive in their respective markets." He noted that with Internet Media's technology, local ISPs will typically be able to offer wireless T1-equivalent access for $599 per month. "Local ISPs will now be able to compete with national ISPs such as America Online (NYSE:AOL), Mindspring (Nasdaq:MSPG) and Verio (Nasdaq:VRIO), and regional ISPs like Rocky Mountain Internet (Nasdaq:RMII). "This system and its speed will also make it easier to access search engines, browsers and Web destinations such as Microsoft (Nasdaq:MSFT), Netscape Communications (Nasdaq:NSCP), Yahoo (Nasdaq:YHOO), Excite (Nasdaq:XCIT), Amazon.com (Nasdaq:AMZN), eBay (Nasdaq:EBAY), Lycos (Nasdaq:LCOS) and Earthlink Network (ELNK)," Mr. Loflin added. In addition, the technology will enable ISPs to offer high-speed wireless ISDN-line equivalent speed (128 kbs) to business and residential Internet users at roughly 35% below the current market price for similar access. Internet Media's technology also provides several compelling advantages over existing 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 company's transmission area. The technology employs a two-way modem, developed by the company, which costs about $350. Internet Media plans to launch its low-cost service no later than March 1999 in Pueblo, Colorado. The company has reached an agreement in principal with an existing ISP, which will purchase infrastructure from Internet Media for a wireless system to serve downtown Pueblo. The system will be operated under a license from Internet Media, under which the company will share in system revenue. The company is currently in negotiations with several ISPs to roll out its low-cost, high-speed service nationwide. 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. CONTACT: Internet Media Corp., Baton Rouge James Kaufman, 805/493-9273 KEYWORD: COLORADO LOUISIANA BW1034 DEC 15,1998 4:18 PACIFIC 07:18 EASTERN