SkyLynx Communications Restructures Under New Parent Company, Announces New Strategic Business Model
Renamed as Inforum Communications, Inc, Company Introduces Series of Targeted Investments and Strategic Partnerships Focused on Opportunities in the Internet Infrastructure Space
SkyLynx Communications Assets Renamed Inforum Networks
DENVER--(BUSINESS WIRE)--April 25, 2000--True success in the new economy requires a vision for emerging technologies and the ability to connect those technologies with a viable and growing customer base.
It is with that in mind that SkyLynx Communications, Inc. (OTCBB:SKYK) today unveiled the company's dynamic new business model focusing on dramatically enhancing its product and service offerings by making targeted investments and establishing key partnerships with selected businesses in the Internet infrastructure space. Effective May 1, 2000 SkyLynx Communications, Inc. will be renamed Inforum Communications, Inc. to reflect its mission to emerge as a leader in critical facets of this dynamic marketplace. The Company expects a new trading symbol and CUSIP to be assigned shortly. E-mail addresses and the permanent corporate website ( www.inforum.com ) will be operational on May 1, 2000.
Unlike the "roll-ups" of the 1990's, Inforum Communications is implementing a business strategy that employs tactical diversification within a focused industry - Internet infrastructure. By leveraging its existing installed Internet access and hosting customer base of nearly 42,000 subscribers, Inforum Communications will drive revenue, resources and customers to each of its newly formed subsidiaries and partnerships. In addition to Inforum Networks, Inc., (encompassing the property formally known as SkyLynx Communications), Inforum Communication's portfolio companies and strategic partners currently include 2Cactus, LogicTree Corporation and PDGT.com.
About Inforum's portfolio companies and strategic partners
-- 2Cactus Development ( www.2cactus.com ) is an Internet-security firm, operating in the open-source (i.e. Linux) arena, based in Phoenix, Arizona. 2Cactus' cornerstone product, SecureBSD, is a comprehensive, kernel-based security solution that enhances the BSD operating system with a proactive, intrusion prevention security overlay. The product is currently in being evaluated in a pre-release form with a number of high profile companies and organizations and will be released in May 2000. 2Cactus is a wholly owned subsidiary of Inforum Communications. Several important announcements concerning 2Cactus are forthcoming.
-- LogicTree Corporation ( www.logictree.com ) is a telecom/Internet technology and product development company based in College Park, MD. LogicTree is working on the forefront of Internet applications that free users from their keyboards by providing voice-enabled Web browsing. Inforum will enter into a strategic partnership with LogicTree that consists of agreements for a product trial, product and service distribution and an option for significant investment. The partnership will enable small and medium size business customers to access information residing on corporate Intranets and networks using wired and wireless telephones instead of keyboards.
-- PDGT ( www.pdgt.com ) is a data-focused, competitive local exchange carrier (CLEC or D-LEC) providing high-end data and voice communications products and services. PDGT provides advanced telecommunications services to ISP's including: inbound dial tone services, wholesale DSL access, and co-location service. Inforum Communications is currently a minority shareholder in PDGT, with a right to significantly increase that position.
More than just an investor
"This marks a fundamental advance in the Company's vision," said Jeffery Mathias, CEO of Inforum Communications. "Unlike investment firms who merely inject capital into portfolio companies, we bring the added benefit of delivering to our portfolio companies and strategic partners access to a solid and growing customer base resulting in a nearly instant revenue stream."
"As the old and new economies merge, investors not only demand innovation, they demand bottom line results. Inforum plans to deliver on those expectations. The Company is employing what we are calling a `Matrix Methodology' that leverages our roots and experience as a Super Regional ISP to help our subsidiaries and partners deliver critical solutions for real-world technology problems," continued Mathias.
"Our new business is about `best Internet methods' and rapid response to a dynamic and demanding marketplace. Any company in the Internet infrastructure space is destined for failure if it becomes content with a static business plan. Complacency is not a goal of Inforum Communications," said Jim Maurer, CFO of Inforum.
Vision based in reality
Inforum has chosen to advance into this new space due to the needs it discovered as a successful ISP. "It should be noted that the most accurate gauge for identifying real world Internet infrastructure issues and needs are the ISPs," explained Mathias, "Our experience in the ISP industry allowed us to gain valuable insight into the needs of our customers and other service providers."
Over the course of the next several months, Inforum expects to announce key developments and growth initiatives for each of its operating subsidiaries. With an emphasis on fundamental growth and industry differentiation, Inforum is poised to capitalize on several technological `firsts.' Additionally, management is methodically exploring complementary acquisition candidates, key industry alliances and strategic investment considerations.
Details regarding Inforum's new corporate focus will be discussed in a conference call scheduled for this afternoon at 4:15 P.M. EDT. Investment professionals interested in participating on the conference call may call Dodi Handey at Continental Capital (407/682-2001) to receive the conference dial in number. This conference call will also be broadcast live over the Internet, and can be accessed by all interested parties at www.vcall.com. To listen to the live call, please go to the Web site at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those not able to listen to the live broadcast, a replay will be available shortly after the call on the Vcall Web site or by dialing 800/577-6980 and requesting passcode 19550.
About Inforum Communications, Inc.
Headquartered in Denver, Colorado, Inforum owns and operates a network of subsidiary companies operating in the Internet infrastructure arena. Specifically, Inforum makes strategic investments, establishes key partnerships and is aggressively pursuing a path to emerge are a leading provider of net-centric solutions to businesses seeking technology services, security and support. Under the Inforum umbrella, companies have access to an installed user base of 42,000 businesses that serves as a fertile market to deploy new technology solutions. Additional information on Inforum may be obtained by visiting the Company's temporary website at www.inforum.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks include, among other things, risks inherent in the Company's growth strategy, market demand for the Company's services and other factors affecting the Company's prospects as described in the Company's prospectus in its Form SB-2 registration statement. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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