Release Dates: Immediate
Contact: Ed Hansen
MindSpring Acquires SBnet Subscribers
ATLANTA (July 14, 1998) - MindSpring Enterprises, Inc. (NASDAQ: MSPG) today announced it has acquired the consumer dial-up Internet subscribers of SBnet, a division of Santa Barbara, California-based Warp 9 Technologies, LLC. MindSpring is a national Internet service provider. Terms of the agreement were not disclosed.
In transitioning to MindSpring's award-winning service, each SBnet subscriber will receive the MindSpring Starter Kit, which includes MindSpring's user access interface and a complete suite of Internet software for Windows 95, Windows 3.x, or Macintosh; a comprehensive User's Guide; and access to MindSpring's 24-hour toll-free technical support service. Transition of the SBnet subscribers should be complete within 60 days.
"MindSpring is proud that Warp 9 has chosen to transfer their SBnet dial-up subscribers to our service," said David Steed, acquisition specialist for MindSpring. "Our broad experience in transitioning acquired accounts means SBnet's subscribers will find the move to MindSpring is seamless."
Warp 9 will resell MindSpring's dial-up services, continue to provide business hosting
and e-commerce services, and will retain the SBnet name.
"The decision to leave the consumer dial-up business was very difficult. Both SBnet and the Warp 9's e-commerce business were growing rapidly. It became apparent that it was in the best interest of our customers and corporate growth for us to focus on one business or the other," said Jon Lei, chief executive officer of Warp 9. "We searched for a company that would meet or exceed the level of service our subscribers have come to expect from SBnet. We are quite pleased for that company to be MindSpring."
About Warp 9 Technologies LLC
Warp 9 Technologies LLC is an e-commerce solutions provider and software developer based in Santa Barbara, CA. The company developed the Warp 9 e-Commerce System to bring business and their customers together in the global Internet marketplace. The e-Commerce System is a new and revolutionary server based system that enables any business to establish a powerful presence on the Internet with minimal investment and overhead.
MindSpring is a leading Internet service provider focused on delivering outstanding service and support to its customers. By following its core values and beliefs, MindSpring is committed to doing an exceptional job of serving its customers, its employees, its owners and its community. MindSpring's dial-up subscribers can browse the World Wide Web, send electronic mail, participate in informative online chats and access over 20,000 newsgroups. MindSpring offers local Internet service in more than 360 locations throughout the United States. MindSpring is also a leading provider of Web Hosting services and domain registrations.
PC World presented MindSpring with its "World Class Award for Best ISP" in July 1998. In November 1997, MindSpring earned CNET: The Computer Network's "Buy It" recommendation as the national ISP providing the best value. Smart Money magazine called MindSpring "The Better Option" to AOL in February 1998, followed by a "Best Buy" recommendation from Smart Money Interactive in June 1998. MindSpring was given Home Office Computing's "Best Buy" for Web Hosting in its April 1998 issue. FamilyPC, in its July 1998 issue, named MindSpring's home page the "Best ISP Start Page." Upside Magazine said MindSpring "understands the value of service, community and brand in the cold world of the Net," in its February 1998 analysis of the top 150 technology companies in the United States.
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