Apex Global Information Services, Inc. to purchase Network99, Inc.PHOENIX--(BUSINESS WIRE)--July 19, 1995--Apex Global Information Services See Information Systems. , Inc. (AGIS), Dearborn, MI, a nationwide Internet Access Provider See ISP. (networking, company) Internet Access Provider - (IAP) A company or other origanisation which provides access to the Internet to businesses and/or consumers. announced today the signing of a letter of intent agreeing to purchase Phoenix based Network99, Inc. (Net99) another nationwide Internet Access Provider. AGIS President, Phillip Lawlor said, "AGIS and Net99 will no longer be the alternatives for Internet access See how to access the Internet. service. Rather, we will join to become the company of choice, and we foresee becoming a hundred million dollar company by 1997." While the Internet as an industry has experienced a tremendous boom resulting from its high profile in the press, as well as its new commercial applications such as the World Wide Web, Net99 has enjoyed the same exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. in developing its network and customer base. AGIS, with its solid backbone, intends to blend the two organizations in order to provide a utility which will combine the best customer service in the industry, with the best connectivity to offer more services and applications. Net99 President Joseph Stroup said, "the two companies are teaming up to meet the demands of the already explosive market." This will allow AGIS-Net99 to look towards the future of the Internet, and address the growing needs of an industry in its infancy. Apex Global Information Services, Inc., founded in June 1994, is a privately held Michigan corporation which was developed in response to the National Science Foundation (NSF NSF - National Science Foundation ) solicitation for commercial organizations to provide backbone services to the Internet. Network99, Inc., founded in September 1994, is a privately held Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. which was developed in order to provide high speed connectivity to the Internet. As of July the network consisted of more than 30 cities nationwide. For Further Information: Network99, Inc., 4810 N. Black Canyon The Black Canyon may refer to
CONTACT: Network99 Inc., Phoenix Elan Wollitzer, 800/638-9947 or 602/249-0957 Fax: 602/249-1161 |
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