LocalNet Corporation announced today that it has completed the acquisition of CoreComm's Internet access and web hosting customers. The transaction will give CoreComm access to LocalNet's low-cost dialup network, and allow LocalNet customers access to CoreComm's business services.
Former CoreComm customers will be served by a new company called CoreComm Internet Services, Inc. "We value both brands and will continue to offer services through LocalNet and CoreComm," said Chief Operating Officer David Kaplan. The combined companies have over $40 million in sales and will employ 330 people. Together, they form the largest privately held dialup Internet Service in the United States with over 250,000 subscribers.
LocalNet is known as one of the original, low-cost $9.95 Internet Service Providers. In November it was honored as one of Inc. Magazine's 500 Fastest Growing Companies. This was the fourth time in five years that LocalNet made the "Inc. 500" list.
LocalNet Corp. was founded in 1994 by owner and President Marc P. Silvestri. The company is headquartered in Amherst, NY. CoreComm, which includes the former Voyager.net and Exec-PC customer bases, has offices in East Lansing and Kalamazoo, Michigan, as well as Milwaukee, Wisconsin and Dayton, Ohio. For more information, visit http://www.localnet.com and http://www.core.com.
CONTACT:
Marc P. Silvestri, LocalNet Corp.
(716) 632-1133 x201
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