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

To: code a lot who wrote (379)	12/18/1998 8:11:00 AM
From: BarbaraAnne	Read Replies (1) \| Respond to of 956

NEWS !! BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 18, 1998--Internet Media Corporation (OTC BB: USRF.O) announced today that its previously announced agreement to acquire a second Internet Service Provider (ISP) in Santa Fe, N.M., had not closed and has been abandoned. "Although we had initially expected to be able to close this acquisition, we couldn't come to terms with the target ISP," said David Loflin, USRF's President. "However, because our business strategy has evolved over the past few months, away from ISP acquisitions in favor of license arrangements with local ISPs, this situation will not affect our position in Santa Fe or our overall operations" concluded Mr. Loflin. USRF's Wireless Internet technology is completely non-reliant on a hard-wire telephone line or cellular telephone system. It enables constant and mobile access to the Internet from any PC or laptop within the company's transmission area, at speeds ranging from two to 10 times faster than normal dial-up access. This press release contains forward-looking statements 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. --30--LS/na* CONTACT: Internet Media Corp., Baton Rouge Jim Kaufman, 805/493-9273 internetmediacorp.com. KEYWORD: LOUISIANA NEW MEXICO INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire