Newly-Created Internet Commerce & Communications, Inc.,
To Trade Under ICCX Symbol
DENVER, Nov 29 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), and Internet
Communications Corporation (Nasdaq: INCC) shareholders yesterday approved the
two companies' merger into a new company named Internet Commerce &
Communications, Inc. The companies intend to close the transaction today.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
Internet Commerce & Communications will trade under the new ticker symbol
ICCX beginning on Thursday, Nov. 30, 2000. The RMII and INCC ticker symbols
will cease to be used.
"We are excited to build our new brand and to have adopted our new name,"
stated Douglas H. Hanson, RMI.NET Chairman and CEO. "Internet Commerce &
Communications reflects our expertise precisely, and our name change is timed
perfectly to begin the first month in which we expect to be EBITDA neutral.
We are working toward profitability in 2001 and are eager to bring good news
to the market as we complete the integration of our two companies."
Holders of RMI.NET and Rocky Mountain Internet stock certificates need
take no action as a result of the ticker symbol and name change. INCC
shareholders, and all new purchasers of ICCX stock, will receive certificates
under the new corporate name.
About RMI.NET
Denver-based RMI.NET is a national e-commerce and connectivity company
focusing on Web solutions for small and medium-sized businesses. The company
specializes in e-business applications; hosting and co-location; web design
and web marketing; and high-speed Internet access, including DSL service.
RMI.NET has annualized revenue of approximately $50 million and more than
100,000 customers nationwide. The company wholly owns a shopping, e-commerce
and portal site, http://www.webzone.com. For more information, call (800) 411-6066
or visit RMI.NET's website at http://www.rmi.net.
About Internet Communications
INCC is an Internet technologies and integration company that specializes
in the design, implementation, and management of Web-based applications and
connections, wide area networks, voice systems and e-commerce solutions. INCC
is headquartered near Denver in Greenwood Village, Colo., and markets its
products and services to Colorado-based middle market businesses.
Call 303-414-7151 or visit INCC's website at http://www.incc.net for investor-related
information and a description of the company's products and services.
This press release may contain forward-looking statements. Although the
companies believe these statements are based on reasonable assumptions,
differences between assumed facts and actual results can be material,
depending on the circumstances. For example, the merger may not be
consummated for unforeseen reasons, or the merged company may not perform
according to preliminary forecasts. Investors should be aware of the
important factors and risks that could have a material impact on future cash
results and should refer to the cautionary statements sections of RMI.NET's
and INCC's periodic filings with the Securities and Exchange Commission,
including their most recent forms 10-K and 10-Q.
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
CONTACT:
Jeremy Bronson of RMI.NET, Inc.,
303-672-0706, jbronson@rmi.net; or Tom Galley of Internet
Communications Corporation, 303-414-7111, tomgalley@incc.net
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