Exhibit 99.1
[graphic omitted]
Contacts for Illuminet:
Media:
Penny Thomas, 360/493-6000
[email protected]
Analysts/Investors:
Peter Wiederspan, 360/493-6165
[email protected]
ILLUMINET ANNOUNCES TERMINATION OF
SELLING SHAREHOLDER AND COMPANY OFFERING
OLYMPIA, WASH. - September 11, 2000 - Illuminet Holdings, Inc. (Nasdaq: ILUM)
announced today that due to stock market conditions the company has determined,
with the concurrence of the selling shareholders, not to proceed with a planned
offering of common stock filed with the Securities and Exchange Commission on
July 17, 2000.
Illuminet had not begun any marketing effort for the offering and will take the
necessary steps to formally withdraw the registration statement with the
Securities and Exchange Commission.
"We have concluded it would not be appropriate to go forward with an offering at
this time," said Roger Moore, CEO. "In the company's opinion, the current stock
market conditions do not accurately reflect the value of the stock."
About Illuminet:
Founded in 1981, Illuminet operates the largest Signaling System 7 (SS7) network
in the United States not affiliated with a major carrier and is a leading
provider of complementary intelligent network services to telecommunications
carriers. Connection to the Illuminet network gives carriers access to the
system of signaling networks of nearly the entire U.S. public-switched
telecommunications infrastructure through a single source. Illuminet specializes
in signaling network services and intelligent network solutions for a variety of
services such as calling name delivery, calling card validation, wireless
roaming, prepaid wireless account management, number portability, network usage
measurement, network management, clearinghouse services, toll-free database and
other specialized database access functions. Illuminet's headquarters are at
4501 Intelco Loop, SE, Lacey, WA 98503; (360) 493-6000; www.illuminet.com.
EDITOR'S NOTE: Illuminet is a registered service mark with the United States
Patent and Trademark Office.
<PAGE>
CAUTIONARY STATEMENT: Statements regarding growth in revenues contained in this
release are forward-looking statements. "Forward-looking" statements, as defined
in the Private Securities Litigation reform Act of 1995 ("Act"), are based on
current expectations, estimates and projections. Such statements are made
pursuant to the safe harbor provisions of the Act. Statements that are not
historical facts, including statements about Illuminet's beliefs and
expectations are forward-looking statements. There are certain important factors
that could cause actual results to differ materially from those anticipated by
the forward-looking statements. For a discussion of the principal factors that
may cause actual results to be different, please refer to the company's
registration statement filed with the SEC on August 23, 1999 and declared
effective October 7, 1999 as well as the Company's 10-K filing on March 14,
2000. Illuminet undertakes no obligation to update publicly any forward-looking
statements whether as a result of new information, future events or otherwise.
# # #
