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."
(more)
Page 2 of 2
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.)
# # #
[LOGO] ROCKY MOUNTAIN INTERNET
FOR IMMEDIATE RELEASE
CONTACT:
Margaret Huang Shiloh Kelly
BSMG Worldwide Rocky Mountain Internet, Inc.
(310) 966-5524 (303) 672-0732
mhuang@bsmg.com shi@rmi.net
ROCKY MOUNTAIN INTERNET POSITIONS ITSELF TO PROVIDE
COMMUNICATIONS SERVICE NATIONWIDE
COMPANY ACQUIRES COMMUNICATION NETWORK SERVICES, EXPANDING REACH AND
PRODUCT OFFERINGS
DENVER - February 9, 1999 - Rocky Mountain Internet, Inc. (RMI) (NASDAQ
SmallCap Market-RMII, RMIIW), a national e-business solutions and convergent
communication technologies company, announced today it has acquired the
assets of Communication Network Services (CNS), a long-distance provider and
telemarketing firm. RMI completed the asset acquisition for the assumption
of specified liabilities and the issuance of shares of RMI common stock. For
the year ending 1998, CNS experienced a revenue run rate in excess of
$350,000 per month.
"Originally, RMI was looking for an acquisition to expand our long distance
service across the country," said Douglas H. Hanson, chairman, and CEO of
Rocky Mountain Internet. "As part of this acquisition, we acquired a very
attractive telemarketing facility. With this facility, RMI will have the
ability to turn-up revenue on our expanding array of e-commerce, Internet and
communication services nationwide by incorporating telemarketing into our
overall marketing initiatives."
(more)
Page 2 of 3
Alabama-based CNS is a certified reseller of Frontier Long Distance with over
15,000 customers in 23 states across the nation, including markets such as
New York, California, Texas and Florida. The telemarketing operation, located
near Auburn University in Opelika, Ala., consists of a large calling facility
equipped to support 150 sales positions.
"As a long distance provider and telemarketing center, CNS is very important
to the local employment base. Opelika, Auburn University, Southern Union
State Community College, and greater Lee County are direct recipients of the
job opportunities that will be created by RMI," said Jerry Teel, President of
CNS.
"This deal is a win-win situation because RMI is dedicated to growing the
operation with the community's young and educated work force, and Opelika is
committed to RMI's success through its extension of an attractive economic
incentive package," said Curt Cope, CEO of CNS.
Cope will be leaving the company to pursue outside interest and CNS
president, Jerry Teel, will be joining the RMI management team to oversee the
operations of the calling facility. Presently, no other management changes
are anticipated.
ABOUT ROCKY MOUNTAIN INTERNET
Denver-based Rocky Mountain Internet, Inc. (NASDAQ RMII, RMIIW) is a national
e-business solutions and convergent communication technologies company 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.
(more)
Page 3 of 3
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.)