DENVER, Nov. 30 /PRNewswire/ -- Internet Commerce & Communications, Inc.
(Nasdaq: ICCX), begins trading today on the Nasdaq National Market System.
The new company was formed by the merger of RMI.NET, Inc., and Internet
Communications Corporation, which closed yesterday.
(Photo: http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO )
The new ticker symbol, ICCX, replaces the companies' former symbols, RMII
and INCC. Those symbols will no longer be used. 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.
Douglas H. Hanson, Chairman and CEO of Internet Commerce & Communications
(ICC), heralded the merger and name change in a letter to the company's
employees: "This is an exciting day for all of us. To see this transaction
completed is great news for both companies. The combined company will be much
stronger and we will be able to deliver a truly comprehensive solution to our
small and mid-sized business customers."
The combined company has 439 employees and annualized revenues of
approximately $70 million. According to Hanson, "ICC will be a leader in the
fast-growing web commerce business, offering a broad suite of products and
services to small and mid-size business customers. Starting with the
engineering and installation of the network and carrying forward through the
design and development of the web presence and hosting and management of the
entire infrastructure, ICC offers an end-to-end solution."
Hanson also noted that the acquisition advances each facet of the
company's five-point strategic action plan, because the combined company will
be better positioned to increase organic revenue growth, control operating
costs, retain customers, offer market-driven products, and provide state-of-
the-art network infrastructure.
About Internet Commerce & Communications, Inc.
Denver-based Internet Commerce & Communications 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. ICC has annualized revenue of approximately
$70 million and more than 110,000 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 the company's two websites,
http://www.rmi.net and http://www.incc.net.
This press release may contain forward-looking statements. Although the
company believes these statements are based on reasonable assumptions,
differences between assumed facts and actual results can be material,
depending on the circumstances. For example, confusion over the company's new
ticker symbol could negatively affect the market price of the stock.
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 ICC's periodic filings with the Securities and Exchange
Commission, including its most recent forms 10-K and 10-Q (including filings
made under ticker symbols RMII and INCC).
SOURCE Internet Commerce & Communications, Inc.
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20001130/LATH033LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
Related links:
http://www.rmi.net
CONTACT:
Jeremy Bronson of Internet Commerce &
Communications, Inc., 303-672-0706, jbronson@rmi.net
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