GOAMERICA TO ACQUIRE ASSETS OF FLASH
CREATIVE MANAGEMENT
GOAMERICA INTEGRATES CUTTING-EDGE MANAGEMENT AND
TECHNOLOGY CONSULTING AGENCY TO MEET GROWING DEMAND FOR
COMPLETE WIRELESS SOLUTIONS
HACKENSACK, N.J., Nov. 1 - GoAmerica, Inc. (Nasdaq: GOAM), a leading nationwide
wireless data and Internet services provider, today announced it has signed an
agreement to acquire substantially all of the assets and assume certain
liabilities of Flash Creative Management, Inc., a management and technology
consulting agency, adding professional services to its suite of wireless
offerings for corporate customers. Flash co-founders, David Blumenthal and Yair
Alan Griver will join GoAmerica as Chief Operating Officer and Chief Information
Officer, respectively. Flash, while continuing to service its existing customer
base, will be fully integrated into GoAmerica's operations.
The acquisition comes at a time when the wireless industry is surging as
corporation race to unleash data to mobile employees. According to International
Data Corporation, in the United States alone, the number of wireless device
users with access to Internet messaging and information will grow to 61.5
million in 2003. By acquiring Flash, GoAmerica is augmenting its current
operations to meet the ever-increasing demand for full-service solutions. Flash
Creative Management, skilled in the latest technologies, and a certified
Microsoft Solution Provider, has built its reputation on applied and proven best
practices in the areas of customized project management, technology development,
integration and implementation for Fortune 500 companies.
"This acquisition is about today and about looking to the future," said Aaron
Dobrinsky, Chief Executive Officer of GoAmerica. "Companies, big and small know
that they need to empower their mobile employees. As demand grows, companies are
finding that GoAmerica is ready and waiting with full-service solutions. In
response to a great increase in demand for GoAmerica solutions, we have chosen
to integrate the superior technical and professional services of Flash."
"We are also delighted to have David Blumenthal and Alan Griver joining us in
executive positions," continued Dobrinsky. "We have been so impressed by the
organization they have built, by the caliber of clients they have serviced and
services they are providing. We are confident that they, along with their staff,
will add great value to both our internal organization and to our clients."
"We are thrilled to be joining GoAmerica and are looking forward to enhancing
the experience for their clients," said David Blumenthal, founder of Flash. "For
GoAmerica customers, this means they can look forward to a unique 'hand-holding'
experience from start to finish, as they implement wireless solutions. Wireless
communications has the potential to alter lives and cultures and we can't wait
to get started."
David Blumenthal founded Flash Creative Management in 1987 where he has served
as President and Chief Executive Officer since its inception. Blumenthal has
extensive experience
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in developing business strategies, corporate policies and organizations. He has
been a featured speaker on business management at numerous conferences including
Inc. Magazine's Growing Your Money Conference, Borland's Developers Conference,
Microsoft's Developers Conference and others. Prior to founding Flash,
Blumenthal managed sales operations for a leading healthcare software developer.
He holds a Masters of Business Administration with a concentration on
Organizational Development and Personnel Training and Management as well as a
Bachelor of Arts in Journalism and Mass Communications from New York University.
Also a founder of Flash, Yair Alan Griver served as Chief Information Officer,
responsible for overseeing the development of Flash's methods and development
frameworks. He has received the "Most Valuable Professional" award from
Microsoft for his expertise in applying Microsoft technology to real world
applications and for sharing that knowledge with other software developers.
Griver has written for leading publications, has lectured throughout the world
on computer systems and software design, and has written five books on various
computer-related topics.
Flash and its employees have been recognized by Microsoft and others for their
efforts in helping companies and the development community to develop
client/sever and distributed Web-based applications, including the development
and dissemination of their COMCodebook technology, a standardized development
framework that is geared towards Web-based distributed systems. This past month,
at Microsoft's request, Flash presented Microsoft's.Net Strategy to 1,100
developers at a conference in Orlando, FL.
Flash employees will join GoAmerica staff immediately and will be based
primarily at GoAmerica's headquarters in Hackensack, NJ. The anticipated
purchase price consists of $4 million in restricted GoAmerica common stock and
cash of $6 million. In addition, GoAmerica will be assuming certain assets and
liabilities including the payment of deferred bonus compensation to Flash
employees.
At a time when it is becoming increasingly essential for businesses to
wirelessly enable their employees, GoAmerica has strategically aligned with
companies to offer valuable end-to-end business solutions. Recently announced
relationships with Dell, Electronic Data Systems, Hewlett Packard, Microsoft and
Oracle as well as continued enhancements to the Go.Web(TM) technology are aimed
at securing GoAmerica's position as the wireless ISP of choice for corporate
America.
ABOUT GOAMERICA
GoAmerica, Inc. is a nationwide wireless Internet service provider based in
Hackensack, N.J. GoAmerica enables its individual and business subscribers to
access remotely the Internet, email and corporate intranets in real time by
delivering its proprietary technology through a wide variety of mobile computing
and wireless network devices. Through its Wireless Internet Connectivity Center,
GoAmerica offers its subscribers comprehensive and flexible mobile data
solutions for wireless Internet access by providing wireless network services,
mobile devices, and subscriber service support. For more information, call
888-462-4600 or visit www.goamerica.net. This news release contains certain
forward-looking statements intending to qualify for the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are cautioned
that such forward-looking statements involve risks and uncertainties, which may
affect GoAmerica, Inc.'s business, prospects and results of operations.
GoAmerica, Inc.'s business is subject to a number of significant risks,
including, but not limited to, risks relating to GoAmerica, Inc.'s ability to
increase and maintain its subscriber base, uncertainties relating to the future
demand for
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services in the emerging wireless data services market and GoAmerica's ability
to successfully grow its infrastructure, manage expanded operations and offer
new services. There are also risks relating to the proposed asset acquisition of
Flash Creative Management including GoAmerica's ability to integrate the
acquired technology and business with GoAmerica's current business and the
potential loss of share value to GoAmerica's existing Stockholders as a result
of the issuance of GoAmerica common stock to Flash Creative Management. Such
risks and others are more fully set forth in GoAmerica's filings with the
Securities and Exchange Commission. "GoAmerica" and "Go.Web" are trademarks of
GoAmerica, Inc. Other names may be trademarks of their respective owners.
ABOUT FLASH CREATIVE MANAGEMENT, INC.
Flash Creative Management, a three time INC. 500 award winner, helps businesses
map their strategies and build the supporting processes and technology to
achieve their customer's growth and profit objectives. The consulting firm has
expertise in software development, strategic planning, project management, and
process redesign. Flash is a Microsoft Solutions Provider, with skills at the
Partner Level, and a 94% of their developers are Microsoft Certified
Professionals. Flash staff members have written numerous books and articles,
including the recently released "Visual Basic Developer's Guide to UML and
Design Patterns," (Sybex, 2000).
CONTACT:
Frank Elenio, CFO or Ilya Welfeld
GoAmerica Communications, Inc.
201-996-1717
