RMI.NET Adds ServerCom to Its Expanding National Operations;
Acquisition Gives RMI.NET a New Web Hosting Facility in Illinois
DENVER, Jan. 3 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a national
e-business solutions company, announced today that it has acquired the assets
of ServerCom, Inc., a privately held, web hosting and dedicated access service
provider for business customers based in Bloomington/Normal, Ill. ServerCom
was purchased for approximately $300,000 and has an annualized revenue run of
$190,000.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
With the purchase, RMI.NET will relocate its Great Lakes Division
operations to ServerCom's web hosting and carrier-class data center. This
will allow RMI.NET to provide improved customer service, and better manage its
expected growth and expansion plans in Illinois.
ServerCom has provided a unique service to student Internet users at the
University of Illinois in Champaign, Ill. It provides off-campus students
with access service to the university Internet system, through networking
business arrangements with owners of local student apartment complexes,
housing developments and other residences.
"ServerCom provides us with a new, state-of-the-art web hosting and data
center that will allow us to continue with our aggressive growth strategy for
Illinois," said Douglas H. Hanson, chairman and chief executive officer for
RMI.NET. "It also provides us with a strong new position in Champaign, the
home of University of Illinois. RMI.NET will gain additional revenues, and an
opportunity to upsell our e-business solutions."
"The acquisition of ServerCom by RMI.NET will give our customers benefits
they would not have otherwise received if we had remained as a separate
entity," said Mike Kesler, ServerCom general manager and vice-president.
"RMI.NET is a rapidly expanding, national commerce solutions provider that
will allow us to offer additional value-added products and services for our
customers."
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national commerce solutions provider focusing on e-business for small and
medium-sized businesses. The company specializes in e-business applications;
web solutions, including design, hosting and marketing; and high-speed access,
including digital subscriber line (DSL). RMI.NET has an annualized revenue
run rate of more than $50 million and more than 107,000 nationwide customers.
The company wholly owns a proprietary portal site and search engine,
Infohiway, at http://www.infohiway.com. For more information on RMI.NET, call
(800) 864-4327, or visit the company's web site at http://www.rmi.net.
This press release might contain 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, 1998, and may include other
risks described in all Securities and Exchange Commission filings submitted as
of this date.
SOURCE RMI.NET, Inc.
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Related links:
http://www.rmi.net
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO
PRN Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/139760.html or fax,
800-758-5804, ext. 139760
CONTACT:
Mark Stutz, Manager, Media Relations,
303-313-0672, mark.stutz@corp.rmi.net, or Steven P. Eschbach,
CFA, Vice President, Investor Relations, 303-308-2272,
steve.eschbach@corp.rmi.net, both of RMI.NET, Inc.
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