High-Quality, High-Speed Company Expands RMI.NET Presence in Arizona Market
DENVER, July 30 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), formerly
Rocky Mountain Internet, a national e-business and convergent communications
company, announced today it has acquired ACES Research, Inc., a Tucson,
Ariz.-based dedicated access Internet service provider (ISP), for
approximately $2 million in RMI.NET stock. ACES Research has an annualized
revenue run rate of approximately $1 million.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
In acquiring ACES Research, RMI.NET gains one of southern Arizona's
premier ISPs for high-quality, high-speed Internet service. ACES Research is
the highest bandwidth provider in southern Arizona, with three Digital Service
Level 3s (DS-3s) on separate Optical Carrier Level 12s (OC-12s), and a focus
on high-end services for small and medium-sized business customers. ACES
Research was founded in 1991 to provide quality network consulting and
Internet connectivity to southern Arizona.
"This acquisition will allow us to strategically expand our e-commerce
efforts in the Arizona communications marketplace," said Douglas H. Hanson,
chairman and chief executive officer for RMI.NET. "This acquisition is
another step forward in our national expansion plans to deploy e-SELL(R), our
premier e-commerce storefront, and Internet communications services."
"RMI.NET offers ACES Research the opportunity for continued growth. It
allows us the ability to continue providing high-quality, dedicated Internet
service in the southern Arizona marketplace," said Ehud Gavron, president for
ACES Research. "Our customers have long enjoyed the services we provide, and
our partnership with RMI.NET will allow us to expand our offering, especially
for e-commerce and communications applications."
RMI.NET acquired Internet Now!, one of Arizona's leading ISPs, in November
1998. Internet Now! was voted as Arizona's leading ISP by Arizona Business
Magazine.
In a separate transaction, RMI.NET also announced it had acquired the web
hosting assets of Net One Communications Corp., a Denver-based company. Terms
of the second acquisition were not disclosed.
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national commerce solutions provider focusing on turnkey e-business
applications and convergent communications. RMI.NET has developed and
provides small and medium-sized companies with scalable e-business
capabilities; customized web page development and hosting; nationwide Internet
dial up and dedicated access; digital subscriber line service (DSL); and
local, long distance and enhanced telephony. RMI.NET also provides Internet,
and data and voice communications services to consumer households. The
company wholly owns a proprietary port site and search engine, Infohiway, at
http://www.infohiway.com; and develops and markets Simplified Domains, a new and
emerging Internet domain registration, at http://www.simplifieddomains.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
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Related links:
http://www.rmi.net
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO
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CONTACT:
Mark Stutz of RMI.NET, Inc., 303-313-0672,
mark.stutz@corp.rmi.net
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