Revenues Reported, by Internet America
Houston, Texas – (Website Hosting Directory) – February 29, 2008 – Houston-based provider of Internet access services, Internet America, Inc. has reported its fiscal second quarter results
with wireless broadband Internet subscriber base increases of 105% to 7,800, and revenue increases of 48%, from 28%.
Total revenues for the second quarter increased by 13.4% to approximately $2.3 million compared to total revenues of approximately $2.0 million in the second quarter of 2006. Wireless broadband Internet revenue increased by $478,000, or 85.6% to $1,036,000 in the second quarter of 2007, and the Company’s wireless broadband Internet subscriber count increased by 105.3% to 7,800 as of December 31, 2007, compared to 3,800 as of December 31, 2006. For the second quarter, wireless broadband Internet revenue of $1.0 million represented 48.1% of Internet services revenue of $2.2 million compared to 27.8% of Internet services revenue of $2.0 million as of December 31, 2006. The increase in wireless broadband Internet revenue and subscriber count was due to a combination of organic growth and growth attributable to four acquisitions completed by the Company over the last twelve months. Internet America’s total subscriber count decreased to 33,200 on December 31, 2007 compared to 37,000 subscribers at the end of the same period last year. The decrease in total subscriber count was due to the anticipated decline of dial-up Internet service customers from Internet America’s legacy dial-up Internet operations.
In addition. the Executive Vice President of Operations, Mark Ocker, has retired from the Company, having held the post since July 29, 2007.
Mr. Ocker is also the former President of TeleShare Communications Services, Inc. (TeleShare) which was acquired by Internet America.
William E. (Billy) Ladin, Chairman and Chief Executive Officer of Internet America noted, ”I’m very pleased to have had Mark’s assistance in the integration of TeleShare. Mark will remain a good friend and shareholder.”
Mr. Ocker commented, ”There are a lot of opportunities for organic growth and further acquisitions for Internet America. The Company has a seasoned integration team, an experienced staff, great customer support, and a carrier grade infrastructure to take advantage of growth opportunities. I will continue to be a part of the team as a shareholder.”
Internet America is an Internet service provider 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.
To learn more, please visit: www.internetamerica.com.