EXHIBIT 99.1
Wednesday July 26, 3:58 p.m. Eastern Time
Company Press Release
Stock To Trade Under UBNT Symbol Beginning Tomorrow
IRVINE, Calif.--(BUSINESS WIRE)--July 26, 2000--IJNT.net, Inc. (NASDAQ:NM:IJNT),
an emerging integrated communications provider, announced today that it has
gained shareholder approval of its name change to "Universal Broadband
Networks".
Trading of the Company's shares on NASDAQ under the new name and the new ticker
symbol "UBNT" will commence at the opening of trading tomorrow, Wednesday, July
26, 2000. Both the parent Company and its CLEC subsidiary will continue to be
popularly referred to as UBNetworks.
UBNetworks provides integrated broadband communications as a facilities-based
competitive local exchange carrier, offering 21st Century communication products
and services with emphasis on VoDSL technology. The Company's high-speed
integrated services network will offer world-class performance from a flexible
line of products and services to fit any broadband or voice need. The Company
provides wired and wireless broadband communications over Digital Subscriber
Line and other "last mile" technologies, offering performance many times faster
than common dial-up modems, through the Company's direct response, direct sales
and value-added reseller channels. The Company's customer base is expected to
grow rapidly as the network is expanded multi-regionally. The Company's growth
has resulted from aggressive marketing and sales, internal development,
acquisitions, and strategic alliances.
This news release may contain forward-looking statements made pursuant to 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, including, without limitation, continued acceptance of the
company's products, subscriber growth, product demand, competition, and other
risks and uncertainties detailed from time to time in the company's periodic
reports, including quarterly reports on Form 10-Q and annual reports on 10-K.
This and additional information can be found on the company's Web site at
www.ubnetworks.com or can be obtained from the company upon request.
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CONTACT:
IJNT.net Inc.
Investor Relations, 949/260-8100
Fax: 261-2714
[email protected]
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www.ubnetworks.com
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www.mrhm.net
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www.urjet.net
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