Purchase Provides Customers Greater Stability, Renewed Commitment to Reliable,
High-Quality Service for Small and Medium-sized Businesses
DENVER, Oct. 31 /PRNewswire/ -- Internet Commerce & Communications (ICCX)
and ICC Speed Cell, LLC announced today that ICC Speed Cell has purchased the
assets of ICCX for $1.1 million plus assumed liabilities. ICCX, which is
currently operating under protection of Chapter 11-bankruptcy code, will use
the proceeds to reduce its debt.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010723/LAM008LOGO )
"The purchase by ICC Speed Cell reassures our customers that they are
being served by a company that is on solid footing, and that our employees
have the opportunity to remain in place to serve them, under the leadership of
a great management team," stated Douglas Hanson, Chairman and CEO of ICCX.
Hanson also announced that he is stepping down from the company in conjunction
with its purchase by ICC Speed Cell.
"ICCX's former management team, led by Doug Hanson, has done a great job
in responding to the marketplace and refocusing the company on the SME (small
and medium-sized enterprises) market," stated Ron Pitcock, President & CEO of
ICC Speed Cell. "Our immediate mission will be to concentrate on
strengthening the core services we offer to our customers and providing them
with the best possible choice of partners to be entrusted with providing their
e-business services."
ICC Speed Cell, LLC is a unit of Texas-based Speed Cell Communications,
LLC, which delivers high speed Internet service to commercial and residential
customers primarily through fixed wireless network technology. The purchase
of ICCX will also enhance the connectivity and web services options available
to customers of Speed Cell.
"ICCX has a terrific suite of web development, web-hosting and
connectivity offerings. More importantly, it has a great team of talented and
dedicated employees who have endured uncertain times in order to take care of
their customers. We are looking forward to working together with them to
build a great future for our customers and our company," Pitcock said.
Pitcock is a 27-year veteran in broadband communications, including cable
television, telephone and wireless telecommunications platforms. He founded
and served as President of Denver-based High Speed Access Corp. He is also
co-founder of Speed Cell Communications, LLC and serves on the board of
Integra5, a voice messaging system that runs on interactive television
platforms. "To be successful, it's vitally important for a company to provide
the communications technology and the Internet tools that will best meet the
customer's needs in a simple, efficient, reliable and cost effective way.
Today, we took a major step in creating a company that will achieve that goal
better than anyone else in the marketplace," he said.
Background:
Internet Commerce & Communications (ICCX) was created through the
acquisition of Internet Communications Corporation, a network management
company, by Rocky Mountain Internet (RMI), in November 2000. RMI was a
regional Internet services provider that began operation in 1994, as Spectrum
Online. ICCX focuses on fully integrated solutions for small and medium-sized
enterprises (SME's). ICC Speed Cell will continue to specialize in e-business
applications, including high-speed Internet connectivity using a variety of
wire-line and wireless technologies; web services, including development and
hosting; network services, such as Virtual Private Networks; and other
telecommunications services. For more information about IC&C, call
(800) 411-6066, or visit http://www.iccx.net
SOURCE Internet Commerce & Communications; ICC Speed Cell, LLC
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20010723/LAM008LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Related links:
http://www.iccx.net
CONTACT:
Ron Pitcock, President & CEO of ICC Speed
Cell, LLC, +1-303-770-7600
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