[LOGO] ROCKY MOUNTAIN INTERNET
FOR IMMEDIATE RELEASE
CONTACTS:
Margaret Huang Dave Lalande Shiloh Kelly
BSMG Worldwide Dave's World Rocky Mountain Internet
(310) 966-5524 (800) 275-3283 (303) 672-0732
mhuang@bsmg.com dlalande@davesworld.net shiloh.kelly@corp.rmi.net
ROCKY MOUNTAIN INTERNET PURCHASES DAVE'S WORLD,
AN ILLINOIS-BASED ISP
COMPANY GAINS LOCAL ACCESS TO THE LUCRATIVE ILLINOIS MARKET
DENVER - February 3, 1999 - Rocky Mountain Internet, Inc. (RMI) (NASDAQ
SmallCap Market-RMII, RMIIW) announced today it has acquired Illinois-based
Dave's World, a full-service Internet communications solutions provider, in a
common stock transaction valued at $3 million. For fiscal year 1998, Dave's
World experienced a revenue run rate in excess of $1.9 million.
"Illinois was one of the top markets we targeted for entry as we expand our
national presence, and Dave's World holds a prominent and respected position
in that market," said Douglas H. Hanson, chairman and CEO of RMI. "With this
acquisition and the recent integration of Unicom, out of Kansas City, RMI is
quickly moving forward in building market share within some of the best
mid-western cities."
Dave's World, www.davesworld.net, provides Internet access, web hosting,
dynamic web design, e-commerce solutions and web-based newsgroups. The
company brings RMI a host of value-added services such as web mail, video and
audio conferencing, a broadcasting network, and a gaming server.
"Strategically, we looked at a lot of prospective partners," commented Dave
Lalande, president of Dave's World. "What brought us to RMI is the fact that
they are poised to explode into the national market with a similar vision we
have encompassed. So now with this merger, Dave's World has direct access to
RMI's Tier 1 backbone, we have an e-commerce development company, and we can
add to our current product offerings with web marketing, voice mail, paging,
calling cards, and so on."
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Headquartered in Bloomington, Ill., Dave's World connects its customers via
20 points-of-presence. The company is primarily consumer based with
approximately 7,500 customers. As a result of the merger, RMI will obtain
control of Dave's World operations and facilities and will welcome the
employees to join the team as RMI's Mid-Western Division. Dave Lalande will
join Rocky Mountain Internet and head up their Mid-Western Division as vice
president.
ABOUT ROCKY MOUNTAIN INTERNET
Denver-based Rocky Mountain Internet, Inc. (NASDAQ RMII, RMIIW) is a national
communications company focused on providing customers e-business solutions
and convergent communication technologies with an emphasis on service
quality. Rocky Mountain Internet's comprehensive e-business solutions include
the following: electronic commerce, custom portals and banner advertising
applications; web site, intranet and VPN design and programming; and web
hosting, marketing and consulting. Rocky Mountain Internet's convergent
communication technologies include the following data and voice: high-speed
dial-up, wireless, DSL and dedicated Internet access; switched long-distance,
calling card, 800 services, voice mail and alphanumeric paging; and,
IP-Telephony. In addition to the Company's e-business solutions and
convergent communication technologies, Rocky Mountain Internet also maintains
the award-winning portal site, Infohiway.
For more information about Rocky Mountain Internet, Inc., call
1-800-864-4364, or visit our web site at www.rmi.net.
(This press release contains forward-looking statements. These
forward-looking statements are subject to risks and uncertainties. Actual
results may differ materially from such forward-looking statements as a
result of risks and uncertainties which are described in the cautionary
statements section of the company's 10K dated December 31, 1997, and include
the need for additional financing, the ICC litigation, ability to
successfully integrate acquisitions, changing technology, competition,
possible future government regulation, competition for talented employees,
the Company's ability to fund future operations and the Company's need to
refinance debt.)
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