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Exhibit 99.1
Thursday November 30, 7:37 am Eastern Time
Press Release
SOURCE: j2 Global Communications, Inc.
j2 Global Communications Announces Closing of Merger With eFax.com
Shareholders Vote in Favor of the Merger
HOLLYWOOD, Calif., Nov. 30 /PRNewswire/ -- j2 Global Communications, Inc.
(Nasdaq: JCOM - news), a leading provider of Internet-based messaging and
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communications services to individuals and businesses throughout the world,
today announced that the acquisition of eFax has been closed. The transaction
was completed on November 29, 2000 after eFax.com shareholders voted to approve
the merger with j2 Global Communications at a special meeting, and after j2
Global Communications shareholders voted to approve the issuance of the shares
to be issued in connection with the merger at its annual meeting of
shareholders.
. (Photo: http://www.newscom.com/cgi-bin/prnh/20000810/LATH060LOGO)
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eFax.com became a wholly-owned subsidiary of j2 Global Communications in
accordance with Delaware law.
Holders of eFax.com common stock will receive 0.266 of a share of j2 Global
Communications common stock for each share of eFax.com common stock that they
own, and cash will be provided for fractional shares.
"We are extremely pleased that our merger with eFax.com is complete,'' says
Steve Hamerslag, CEO and President of j2 Global. "We are immediately commencing
our work to integrate eFax into the j2 Global network and we welcome the talent
and resources from our new eFax employees.''
About j2
j2 Global Communications, Inc. is an Internet-based provider of messaging and
communications services to individuals and businesses throughout the world. j2
was established in 1995 as JFAX.COM and began doing business under the name j2
Global Communications in August 2000 to better reflect its expanded customer
base and service offerings. The j2 Global network covers 157 cities in 14
countries and spans 4 continents. The company is headquartered in Hollywood,
California. For more information on j2 and its services, visit www.j2.com or
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call 1-888-718-2000, or outside the U.S. & Canada call 1-323-860-9207. The
company has produced a streaming video that describes its services and can be
seen at http://ss.j2.com/ss?click&j2&39e7677c
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Contacts: Laura Hinson, PR Manager, j2 Global Communications, Inc., Hollywood,
CA, (323) 860-9435, [email protected]; or Mary Jo Draper, Ink, inc. PR, Kansas
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City, MO, 816-753-6222, [email protected]; or Investor Relations, only:
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Scott Turicchi, j2 Global Communications, Inc., Hollywood, CA, (323) 860-9408,
[email protected].
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Safe Harbor for Forward-Looking Statements: Certain statements in this news
release constitute "forward-looking statements'' within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management's current expectations or beliefs and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.
Such statements address risks associated with the j2 Global/eFax merger,
including the risk that the j2 Global and eFax businesses will not be integrated
successfully, and the other risk factors set forth in the Company's filings with
the Securities and Exchange Commission.
