TUCSON, Ariz., Sept. 18 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a
national e-commerce/Web solutions and connectivity company, announced today a
new dedicated service connection agreement with the University of Arizona that
will generate more than $350,000 in annual revenue.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
The new service doubles the Internet bandwidth available to the
University's community, offering for the first time a fiber-optic solution
that is scalable to meet the school's long-term growth requirements.
RMI.NET's optical carrier-class circuit can support over ten times the
University's current bandwidth requirements as demand evolves.
RMI.NET, consistently honored for its service quality in Tucson, counts
among its major customers the City of Tucson, almost all local Internet
service providers, successful technology firms like Global Atmospherics,
Universal Avionics, and Keane. The company now proudly welcomes the
University of Arizona to this list.
"Organic growth is the first component of our five-point strategic action
plan, and this is a great achievement by our team," said Douglas H. Hanson,
Chairman and CEO of RMI.NET. "Knowing the importance to the University's
users of having reliable Internet connectivity, we are pleased to win their
confidence to forge this long-term relationship."
"As we continue to implement our enhanced sales and marketing plan, I
expect more announcements of revenue growth," Hanson added, noting also that
"we are well on our way toward our EBITDA breakeven target of December 2000."
About RMI.NET
Denver-based RMI.NET, Inc., is a national e-commerce/Web solutions 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 annualized
revenue of $50 million and more than 100,000 nationwide customers. The Company
wholly owns a shopping, e-commerce and portal site, http://www.webzone.com, which
includes the proprietary search engine, Infohiway. For more information, call
(800) 411-6066, or visit RMI.NET's web site at http://www.rmi.net.
This press release may contain forward-looking statements within the scope
of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Although the company believes these statements are based on reasonable
assumptions, it can give no assurance that its goals will be achieved.
Differences between assumed facts and actual results can be material depending
on the circumstances and investors should be aware of the important factors
that could have a material impact on future results. Please refer to the
cautionary statements section of RMI.NET's 10-K dated December 31, 1999, and
other Securities and Exchange Commission filings 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: Jeremy Bronson of RMI.NET, Inc., 303-672-0706, jeremy.bronson@corp.rmi.net
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