USRF Appoints Corporate Development Officer to Direct Deployment of Quick-Cell Wireless Internet System and Assist in CyberHighway Expansion.BATON ROUGE Baton Rouge (băt`ən r zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--March 30, 1999-- Company Anticipates Rapid Deployment of Quick-Cell(TM) Wireless Internet System Internet Media Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: USRF USRF Urological Sciences Research Foundation USRF Undergraduate Summer Research Fellowship ) announced today that James Kaufman had been appointed Vice President of Corporate Development, to spearhead the deployment of Internet Media's US.RF(TM) Quick-Cell Wireless CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) Internet System throughout the U.S. and assist in the expansion of Internet Media's CyberHighway(TM), an ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. providing service in over 230 cities in 12 states. Kaufman will join Internet Media immediately. "I think the Internet industry is only now beginning to really understand just how revolutionary the US.RF Quick-Cell Wireless Internet System is -- our ability to turn a local ISP into a Wireless CLEC literally overnight is unprecedented," said Jim Kaufman, Internet Media's new Corporate Development V.P. "We already have a ready market for the US.RF Quick-Cell System, from among the 230 cities served by CyberHighway, plus we've begun the process of contacting the over 200 local dial-up ISPs who have inquired about the US.RF Quick-Cell System. My goal is to get several of these ISPs signed up each week, if at all possible," continued Kaufman. "Not only was Jim instrumental in our acquiring CyberHighway earlier this year, he also conceived the Quick-Cell implementation concept, and I have complete confidence that he will direct our expansion plans successfully," said David Loflin, Internet Media's President. "Our board of directors is firmly behind Jim and has endorsed his strategy for achieving wide-scale deployment of the US.RF Quick-Cell Wireless Internet System. Also, Jim has re-opened acquisition talks with two ISPs with whom we had previously signed letters of intent, and we hope to reach definitive agreements with those ISPs in the near future," Loflin concluded. Kaufman further noted that he expected the combination of the US.RF Quick-Cell Wireless Internet System and CyberHighway's unique Internet business model built on a sold infra-structure and a creative management team to be a strong product mix, one that would be attractive to many of the nearly 6,000 local, independent ISPs who are struggling to grow. "Together with CyberHighway, we can help the independent ISP not only to compete with traditional, nationally-known ISPs, like Mindspring Enterprises, Inc. (Nasdaq: MSPG MSPG Mor Strioch Pian Gar (gaming) MSPG Middle School Parents Group MSPG Material/Military Support Planning Guidance ), and regional ISPs, like Rocky Mountain Internet, Inc. (Nasdaq: RMII RMII Reduced Media-Independent Interface RMII Rocky Mountain Internet Inc. ), and, with the US.RF QuickCell System, these local ISPs can offer Internet business solutions to compete with the likes of Verio (Nasdaq: VRIO VRIO Virtual Reality Input Output )," Kaufman concluded. Internet Media's US.RF (U.S. Radio Frequency) Quick-Cell(TM) Program is designed to permit the rapid deployment of its two-way Wireless Internet broadband access See broadband and wireless broadband. among select, local independent ISPs, which, collectively, account for billions of dollars of Internet-related bandwidth and hardware sales each year. The US.RF Quick-Cell is a turnkey, plug-and-play Wireless Internet access See how to access the Internet. system that, in 24 hours, is capable of transforming an ordinary, garden-variety ISP into a powerful Competitive Local Exchange Carrier (CLEC) capable of delivering the US.RF Wireless Internet access at burstable T1-equivalent speeds in their local markets, at prices that will range from 40% to 60% below those charged for traditional T-1 hardwire service. (Ref. Company Press Release of Mar. 25, 1999). ISPs interested in the US.RF Quick-Cell Program or in becoming a CyberHighway affiliate should e-mail jkaufman@usrf.com. Internet Media's Web Site is: www.usrf.com. Interested parties can also visit www.cyberhighway.net This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause Internet Media's actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, end-use customers' acceptance of new products and actual demand, which may differ significantly from expectations, the need for Internet Media to manage its growth, a potential lack of capital with which to achieve its expansion goals, its potential inability to complete proposed acquisitions and other risks associated with a development-stage company. |
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