To: Investor Clouseau who wrote (6811 ) 6/2/1999 11:47:00 AM From: InOverMyHead Respond to of 108040
LAKO News!!!!! Lakota Energy Inc.'s Acquisition of Data and Voice Design Enters Final Stages June 2, 1999 11:41 AM ATLANTA--(BUSINESS WIRE)--June 2, 1999--Lakota Energy Inc. LAKO , announces it is entering into final due diligence and negotiations with Data and Voice Design, (DVD), a Houston based provider of commercial voice and data services that utilize ethernet, or "wireless" networks. DVD has developed a strategic product line to capitalize on the huge demand for integrated voice solutions. They have in place agreements with 3COM Corporation, Maisoft Inc. and TUT Systems Inc. pioneers in the voice over Internet Protocol Technology. DVD has a current base of over 100 customers to which it markets and installs these systems. DVD deploys wireless ethernet networks that allow voice delivery, network capabilities and Internet services using the latest wireless frequencies. With wireless ethernet, DVD is able to deliver Internet access speeds over 200 times faster than a standard dial up modem. By developing its own independent network outside of the Southwestern Bell fiber infrastructure, DVD is able to maintain extremely high profit margins. "We are very excited about the possibilities that lie ahead for DVD. The growth they have experienced in the past three years is clear evidence of management's commitment to success. Their ongoing customer base will add value immediately to Lakota Energy on a number of fronts," said Ken Honeyman, President of Lakota Energy Inc. Cody Morgan, President of Voice and Data Design added, "Today, businesses are seeking integrated solutions from an experienced and time tested company. Our goal is to become the provider of choice for these companies by using our technological knowledge and serving them with a powerful suite of communication services." Once the final due diligence has been completed and final agreement is reached regarding the acquisition, further news announcements will be released. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, projects, competition, completion problems, technological changes and other unforeseen risks.