Internet America Buys 2Fast

Internet America entered into an agreement to acquire the operating assets of 2Fast Communications

January 17, 2006

1 Min Read

HOUSTON -- Internet America, Inc. (BULLETIN BOARD: GEEK) announced today that in keeping with its strategy of bringing high-speed wireless broadband Internet access services to underserved Texas markets, it entered into an agreement to acquire the operating assets of 2Fast Communications, Inc., a wireless ISP based in San Antonio, Texas. 2Fast primarily serves suburban markets around San Antonio. Closing of the acquisition is expected to occur within 30 days.

"2Fast Communications, Inc. is a very exciting acquisition for Internet America," said Billy Ladin, Chairman and CEO of Internet America. "It offers an excellent wireless product to customers in suburban San Antonio markets and has built a technically impressive network. We are very pleased to be offering wireless Internet access service to even more suburbs of San Antonio." In July, 2005, Internet America announced the acquisition of TopGun Telecom, a wireless ISP that served areas to the southeast of San Antonio around Floresville, Texas in Wilson County.

Shane Mitchell, president of 2Fast Communications, Inc., will work with Internet America in the areas of new market identification and location and infrastructure construction and development.

Internet America is a leading Internet service provider primarily serving the Texas market. Based in Houston, Internet America offers businesses and individuals a wide array of Internet services including broadband Internet delivered wirelessly and over DSL, dedicated high-speed access, web hosting, and dial-up Internet access. Internet America provides customers a wide range of related value-added services, including Fax2email, online backup and storage solutions, parental control software, and global roaming solutions. Internet America focuses on the speed and quality of its Internet services and its commitment to providing excellent customer care.

Internet America Inc.

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