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News Releases
New Edge Networks Partner to Deliver High-Speed DSL Service to Small and Midsize Markets Nationwide
VANCOUVER, Wash. - (April 12, 2000) - New Edge Networks, the leading national wholesale digital subscriber line (DSL) service provider in small, midsize and semi-rural markets, today announced it will partner to provide high-speed DSL service to RMI.NET customers nationally.
RMI.NET, Inc. (Nasdaq:RMII) is a national e-commerce and connectivity company based in Denver.
Initially, RMI.NET expects to offer its customers high speed DSL Internet access using New Edge Networks' technology in the Pacific Northwest and Mountain States, and across the nation as New Edge Networks expands its network. Customers can choose among various DSL service options and speeds to meet their individual or business needs.
Using existing standard phone wires in homes and businesses, DSL technology can provide access to the Internet and corporate offices at speeds up to 100 times faster than traditional analog modems. In addition to speed, other key DSL technology benefits include a continuous "always on" connection eliminating dial up or waiting, secure access using dedicated facilities, and reliability because the network is monitored around the clock.
"This is a great day for both companies and for consumers in small, midsize and semi-rural communities," said Dan Moffat, president, CEO and co-founder of New Edge Networks. "With more than 100,000 customers nationwide, RMI.NET becomes one of our largest partners to-date and we're excited about opportunities to take the benefits of DSL technology to its customers."
Douglas Hanson, chairman and CEO for RMI.NET, said, "New Edge Networks' business strategy gives us the opportunity to explore markets for our DSL service that previously were unavailable. We believe that all Americans should have access to high-speed Internet capabilities, and RMI.NET and New Edge Networks are the companies to do that. We also will provide customers with other Internet services, such as Web solutions and e-commerce, and that's why this partnership is so important."
About RMI.NET
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a national e-commerce and connectivity company focusing on solutions for small and medium-size businesses. The company specializes e-business applications, Web solutions, including design, hosting and marketing; and high-speed Internet access, including DSL. RMI.NET has an annualized revenue run rate of more than $50 million and more than 100,000 nationwide customers. The company wholly owns a proprietary portal site and search engine, Infohiway (www.infohiway.com). For additional information, phone 800/864-4327. RMI.NET's Internet site is: www.rmi.net.
About New Edge Networks
Based in Vancouver, Wash., New Edge Networks was founded in June 1999, and top-tier private venture firms, global financial institutions and worldwide technology firms are backing it. These include: Accel Partners, Comdisco Ventures, Crosspoint Venture Partners, Goldman Sachs & Co., Greylock, Intel Corporation, Meritech Capital Partners, Morgan Stanley Dean Witter and Newbridge Networks. The company is certified to provide DSL services in 42 states and plans to provide service in all 50 states by early next year. Its Web site address is www.newedgenetworks.com.
Contact:
Sal Cinquegrani
(360) 906-9723
ATTN: New Edge Networks news releases contain information that is accurate as of the date they are issued. Information contained in past news releases may become out of date and the company does not assume responsibility for updating information contained in past news releases.