SkyLynx Communications, Inc., Now Inforum Communications, Inc., Announces New Ticker Symbol
Company's Common Stock Will Trade Under ``IFMC''
DENVER--(BUSINESS WIRE)--April 27, 2000--SkyLynx Communications, Inc. (OTCBB:SKYK) today confirmed that the company's name has been changed to Inforum Communications Inc. and will trade on the OTC Electronic Bulletin Board under the symbol "IFMC" beginning at the opening of trading on Monday, May 1, 2000.
As announced earlier this week, the name change is part of the company's restructuring to focus on Internet infrastructure opportunities. Inforum Communications, Inc. will serve as the parent company of SkyLynx, now Inforum Networks, as well as three additional portfolio holdings and equity-ownership strategic partners: 2Cactus Development, Inc., LogicTree Corporation and PDGT.COM Inc.
"We identified the virtually limitless opportunities in the Internet infrastructure space while operating as a successful ISP," stated Jeffery Mathias, Inforum Communications CEO. "Through our new corporate direction, Inforum Communications will employ a "Matrix Methodology' approach that leverages our ISP roots and delivers timely, cutting-edge technology solutions to our subsidiaries and partners."
The initial restructuring announcement was made via a broadcast conference call on Tuesday, April 25. Due to the high level of participation and capacity restraints, some callers were unable to access the program. The call is available for re-broadcast at www.vcall.com or by calling 800/577-6980. The passcode to gain access is 19550. Information on the restructuring is also available through the contacts listed below or by visiting the company's new Web site at www.inforum.com.
About Inforum Communications, Inc.
Headquartered in Denver, Inforum Communications, Inc. owns and operates a network of subsidiary companies operating in the Internet infrastructure arena. Specifically, Inforum engages in strategic investments, establishes key partnerships and is aggressively pursing a path to emerge as a leading provider of Net-centric solutions for businesses seeking technology services, security and support. Under the Inforum umbrella, companies have access to an installed user base of 42,000 businesses that serve as a fertile market for deployment of new technology solutions.
About Inforum Portfolio Holdings and Equity-Stake Strategic Partners
2Cactus Development (www.2cactus.com) is a Phoenix-based Internet security firm operating in the open-source (i.e., Linux) arena. The company's cornerstone product, Secure BSD, is a comprehensive, kernel-based security solution currently being evaluated in pre-release form by a number of high profile companies and organizations. Secure BSD is tentatively scheduled for release in May 2000.
LogicTree Corporation (www.logictree.com), a telecom/Internet technology and product development company based in College Park, Md., develops applications that free users from their keyboards by providing voice-enabled Web browsing.
PDGT.COM Inc. (www.pdgt.com), is a data-focused, competitive local exchange carrier (CLEC) providing high-end data and voice communications products and services to ISPs including inbound dial tone service, wholesale DSL access and co-location capability.
Inforum Networks (formerly SkyLynx Communications), is a Super Regional ISP aggregator and hosting company with more than 42,000 business and residential customers in Western U.S. markets.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements 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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