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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Loren S. who wrote (15267)	5/9/1999 9:30:00 PM
From: Ernest R. DeSaye Jr.	Respond to of 25711

LMKI ***** BIG NEWS!!! Friday May 7, 7:28 pm Eastern Time Company Press Release SOURCE: Landmark Communications, Inc. MobileNetics Corporation Has Agreed to be Acquired by LMCI SANTA ANA, Calif., May 7 /PRNewswire/ -- Landmark Communications, Inc. (OTC Bulletin Board: LMKI - news) announced today an agreement to acquire MobileNetics Corporation (http://www.mobilenetics.com) a National Network Service Provider and Systems Integrator with favorable contracts with Level 3 Communications, Covad Communications and Winstar Communications. Landmark Communications, an Internet Service Provider, offers high speed connectivity to the Internet via DSL and T-1. Landmark Communications provides subscribers with the personal attention and service required 24 hours a day, 7 days a week. Landmark Communications' proven sales and marketing expertise coupled with the technical abilities of MobileNetics will create the foundation of a new company focused on integrating high speed, reliable and scalable data, voice and video services using the latest best of breed broadband networking technologies for customers comprising the multi-billion dollar telecommunications market. Additionally, the company will provide end-to-end electronic business services including solutions consulting, business process management, integrated supply chain tools and web hosting integration/outsourcing services through its Systems Integration division. The new name of the corporation will be LMCI Communications to reflect the new image. Bill Kettle, president of Landmark Communications, Inc. will be Chairman of the Board for LMCI. Bryan Turbow, president of MobileNetics Corporation, will be president and CEO of LMCI. Maria Kettle will be Executive Vice President of Marketing, responsible for managing the national agent and reseller programs. Bryan Turbow, the new president of LMCI, plans to expand sales and marketing efforts into 26 major markets outside the Southern California region. The first of these markets to open will be New York, followed by San Francisco, Chicago and Washington D.C. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ''Act''). In particular when used in the preceding discussion, the words ''plan,'' ''confident that,'' ''believe,'' ''expect,'' ''intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, and other risks.