Company Expected to Report Record Annual Revenues;
Cites Aggressive Acquisition Strategy in 1999
DENVER, March 2 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a national
e-commerce and connectivity company, announced today that, as previously
planned, it will release its 1999 earnings on March 30, 2000. The company is
expected to report record revenues for the year, noting its aggressive
acquisition strategy in 1999.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
Last year, RMI.NET acquired 17 companies throughout the U.S., further
establishing its growing national presence. These strategic acquisitions
included Internet service provider, web development, and enhanced
communications and e-commerce companies.
For 1998, RMI.NET reported record revenues of $10.1 million, up 65 percent
over year-end 1997. Company revenues are expected to more than double for
1999, when compared to year-end 1998.
RMI.NET also has scheduled an analyst conference call after the financial
markets close on March 30, at 2:30 p.m. MST.
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national e-commerce and connectivity company focusing on solutions for small
and medium-sized businesses. The company specializes in e-business
applications; web solutions, including design, hosting and marketing; and
high-speed Internet access, including digital subscriber line (DSL). RMI.NET
has an annualized revenue run rate of more than $50 million and more than
100,000 nationwide customers. The company wholly owns a proprietary portal
site and search engine, Infohiway, at http://www.infohiway.com. For more
information, call (800) 864-4327, or visit RMI.NET'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
subsequent to 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
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