SAN DIEGO--(BUSINESS WIRE)--Aug. 2, 1999--
Access Developers Inc. (OTCBB:AONE) announced today it will offer a Private Placement Stock Offering of up to $3 million to finance its continued expansion and marketing efforts.
The company's Private Placement Offering is available to qualified investors in $100,000 minimum investments. The proceeds will be used for marketing, implementation of the company's Voice Over IP Services and working capital.
Thomas V. Walker, president and chief executive officer of Access Developers stated, "We have grown significantly in the past year, primarily through internal funding, from being a local ISP serving the Southern California area to a National ISP serving 47 cities in 27 states. This funding will take Access to the next level."
Walker also indicated that Access would shortly file with the SEC to become a fully reporting company and will seek a NASDAQ Small Cap listing.
For a complete listing of Access 1's Internet service areas, please visit our web site at www.access1.com.
About Access Developers Inc.
Access Developers currently provides Internet services in 47 markets and 27 states nationally. The company expects to offer service in 50 major markets by year-end. Access Developers offers eCommerce and Web Development services as well as unlimited access to the Internet for $9.95 per month (prepaid annually, one time $15 activation).
NOTE: Statements in this document that are not descriptions of historical facts are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from those currently contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that Access 1 is in a highly competitive industry subject to rapid technological, product and price changes.
Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels due to a number of factors, including the fact that the company is in a very early stage of development and could run out of capital for future expansion. Investors should note the company does not have more than a two-year history of operations and they run the risk of losing all or part of their investment. All stocks are risky but especially companies in the start up stage of development such as Access 1. In the event of changes to any statements the company has made, while the company will do its best to inform the investing public, the company does not undertake an obligation to update or revise any forward-looking statements that may have been released by the company as a result of new information, future events or otherwise.
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