Nationalnet To Acquire Web Hosting Firm Xxxstorage

SweetT · 01-15-2003

For all of the details go to XXXStorage.com

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NATIONALNET TO ACQUIRE WEB HOSTING FIRM XXXSTORAGE

Transaction first of several planned for 2003

ATLANTA, December 31, 2002 - NationalNet, Inc., a leading provider of Web Hosting services to the Adult Internet, today announced the acquisition of XXXStorage, a division of iPulse Web Ventures, Inc. of Tulsa, OK. The terms of the sale were not disclosed.

"XXXStorage has always been a customer-focused, high-end web host and one that we felt would compliment the NationalNet culture", said Bill VanVorst, Director of Operations for NationalNet. "Jeff Dunn, the Company founder and President, has also agreed to join the NationalNet team in a management role", VanVorst continued, "We are quite happy to have his knowledge and experience working with our existing customers, as well as our newly acquired client base."

"Joining forces with NationalNet is a great move for our customers", said Jeff Dunn, President of iPulse Web Ventures, Inc. "We are very excited by the opportunity to join a market leader and benefit from the long-term opportunities derived from NationalNet's resources and financial strength."

This acquisition is the first of several planned for 2003 as NationalNet continues to expand its presence in the market. The company is actively seeking all sizes and types of web hosting companies to partner with in the coming year. "In my opinion, the 2003 year will see more consolidation in our industry than in any year past", said Tony Morgan, President of NationalNet, "and we want to be poised to aggressively take advantage of these opportunities as they arise".

01-15-2003	#1
SweetT Members Join Date: Oct 2002 Posts: 236	For all of the details go to XXXStorage.com ====================================== NATIONALNET TO ACQUIRE WEB HOSTING FIRM XXXSTORAGE Transaction first of several planned for 2003 ATLANTA, December 31, 2002 - NationalNet, Inc., a leading provider of Web Hosting services to the Adult Internet, today announced the acquisition of XXXStorage, a division of iPulse Web Ventures, Inc. of Tulsa, OK. The terms of the sale were not disclosed. "XXXStorage has always been a customer-focused, high-end web host and one that we felt would compliment the NationalNet culture", said Bill VanVorst, Director of Operations for NationalNet. "Jeff Dunn, the Company founder and President, has also agreed to join the NationalNet team in a management role", VanVorst continued, "We are quite happy to have his knowledge and experience working with our existing customers, as well as our newly acquired client base." "Joining forces with NationalNet is a great move for our customers", said Jeff Dunn, President of iPulse Web Ventures, Inc. "We are very excited by the opportunity to join a market leader and benefit from the long-term opportunities derived from NationalNet's resources and financial strength." This acquisition is the first of several planned for 2003 as NationalNet continues to expand its presence in the market. The company is actively seeking all sizes and types of web hosting companies to partner with in the coming year. "In my opinion, the 2003 year will see more consolidation in our industry than in any year past", said Tony Morgan, President of NationalNet, "and we want to be poised to aggressively take advantage of these opportunities as they arise". __________________