DSL.net[LOGO] 545 Long Wharf Drive, 5th floor, New Haven, CT 06511
Tel: 1-877-DSL-NET1 Fax: 203-624-3612
Email: [email protected] Web: www.dsl.net
FOR IMMEDIATE RELEASE
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DSL.NET ACQUIRES VISI.COM
NEW HAVEN, Conn. - May 30, 2000 - DSL.net, Inc. (NASDAQ: DSLN) a direct national
provider of high-speed data communications and Internet solutions for
businesses, today announced it has acquired Vector Internet Services, Inc. --
VISI.com -- one of the Midwest's largest business-to-business Internet solution
providers.
Founded in 1994, Minneapolis-based VISI.com operates multiple secure data
centers and offers a wide range of Internet business solutions including Web
hosting, server collocation, dedicated access and Web design and development.
VISI.com has developed a reputation for delivering quality service and superior
performance.
Through this acquisition, DSL.net greatly expands its ability to provide new and
existing customers with Web site and application hosting, server collocation and
management, and a wide range of value-added, Web- and private network-based
hosted business solutions.
"With VISI.com, DSL.net expands its already significant national footprint with
the addition of a company known for providing reliable, high quality service to
Midwestern businesses," said David F. Struwas, president and CEO of DSL.net.
"The addition of VISI.com's world-class data centers and proven expertise in
hosting, Web site design and Web development brings new skills and market
opportunities to DSL.net and allows us to offer a broader range of products to
our customers across the country. We also welcome the dedicated employees of
VISI.com to the DSL.net team, and look forward to working with them to further
develop integrated business solutions that help emerging enterprises leverage
the power of the Internet."
DSL.net is a pioneer in providing high-speed DSL Internet access solutions to
small and medium-sized businesses, primarily in smaller cities throughout the
United States. In addition to broadband access, DSL.net offers customers a
variety of Internet and business services.
"We're excited to be joining forces with DSL.net, a company that shares our
focus on mission-critical, business-to-business Internet solutions," said Al
Angen, president of VISI.com. "Our loyal VISI.com customers will continue to
receive the same high performance and superior customer service they've come to
expect, plus the value-added business services DSL.net already delivers."
ABOUT DSL.NET
Based in New Haven, Conn., DSL.net, Inc. is a high-speed data communications and
Internet access provider that uses digital subscriber line (DSL) technology to
provide high-speed Internet solutions to small and medium-sized businesses,
primarily in second and third tier cities throughout the United States. As of
March 31, 2000, DSL.net had provided service in 186 cities. For more information
regarding DSL.net solutions and services visit www.dsl.net, e-mail [email protected],
or call 1-877-DSL-NET1 (1-877-375-6381).
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FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are subject to a
variety of risks and uncertainties, many of which are beyond DSL.net's control,
which could cause actual results to differ materially from those contemplated in
these forward-looking statements. In particular, the risks and uncertainties
include those described under "Risk Factors" in DSL.net's Annual Report on Form
10K for the year ended Dec. 31, 1999 filed with the Securities and Exchange
Commission, which include, among other things, (i) DSL.net's extremely limited
operating history, which makes it difficult to evaluate its business and
prospects; (ii) the difficulty of predicting the new and rapidly evolving
high-speed data communications industry; (iii) DSL.net's unproven business
model, which may not be successful; (iv) DSL.net's ability to negotiate, enter
into and renew interconnection and collocation agreements with traditional local
telephone companies; (v) regulatory, legislative, and judicial developments,
which could adversely affect the way DSL.net operates its business; and (vi)
DSL.net's ability to recruit and retain qualified personnel, establish the
necessary infrastructure to support its business, and manage the growth of its
operations. Existing and prospective investors are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
hereof. DSL.net undertakes no obligation to update or revise the information
contained in this press release, whether as a result of new information, future
events or circumstances or otherwise.
DSL.net's authority to provide certain regulated services is held by its
subsidiary companies.
DSL.net is a trademark of DSL.net, Inc. Other product and company names herein
may be trademarks of their respective owners.
Contacts:
DSL.NET, INC. BLANC AND OTUS
Robert Ventresca Greg Peverill-Conti
203-782-3401 617-262-6454
[email protected] [email protected]
