Thursday February 15, 11:25 am Eastern Time

Company Press Release

North American DataCom Announces Interim Business Plan

IUKA, Miss.--(BUSINESS WIRE)--Feb. 15, 2001--North American DataCom, Inc. (OTC BB: NADA - news) announced today that it had completed revisions to its original Business Plan. This Plan had been formulated in partnership with Cap Gemini Ernst and Young called for the construction of a 3,000-mile fiber optic network throughout the Southeast United States. Under the revised Plan, the company will divide its proposed fiber optic network construction into six discreet segments. The Company will look to fund each segment separately, and expects to complete the first segment (roughly 550 route miles, extending from Atlanta to Memphis) by June 2001.

In September 2000, the Company retained Cap Gemini Ernst & Young to revise the Company's existing Business Plan and Business Model. These were completed in December. The 5-year Plan calls for a $725 million capital investment for seven EDS Centers and the 3,000-route-mile Fiber optic network. Revenues at the end of 5 years are projected to be over $500 million.

``Our goal has always been to construct a state-of-the-art fiber optic network in the southeast,'' stated Robert R. Crawford, president of North American DataCom. ``Our five year objective is to complete the 3,000 mile network. We are now faced with the realities of the current capital marketplace, which has limited our access to funds for the entire investment. The Company has therefore redirected its focus to shorter-term goals. As discussed in previous releases, the Company's initial marketing efforts are to provide Enterprise Data Storage (EDS) services and broadband wavelength services to the rural South. These two markets provide tremendous opportunities for immediate revenue growth once the initial network segment is completed.''

``To accomplish our objectives in the current economic environment we have divide the Business plan and model into six independent network segments,'' said Mr. Crawford. ``Segment 1, running from Memphis to our facility in Iuka, Mississippi, and on to Atlanta, is tactically and strategically the most important phase, and therefore will be constructed first. The capital budget to develop and operate the Segment 1 network and EDS business is planned at approximately $75 million through the first 18 months of operation, ending July 2002. The Segment 1 Business Plan projects operating cash flow to be breakeven for the fiscal year ending June 2002 with projected revenues and net income of approximately $88 million and $19 million, respectively, in the next fiscal year. We remain firm in our conviction to develop the network in rural South, an underserved area, and this will position us to benefit in the future from expected traffic growth. We expect the capital market to react favorably to our Plan, and expect to complete a preliminary equity line of credit shortly with a regional funding group.''

Segment 1 serves 15 of the 62 smaller population centers and 3 of the major 7 population centers along the planned network route. North American DataCom will obtain the first alternative fiber routes and footprint for 80% of the total population, where Bell South is the incumbent, and where competition has a very low presence. The Company sees a large opportunity for its broad bandwidth and wavelength services in this Segment. The Company plans to use its network to provide cost effective communications services to telecommunications companies (i.e., LECs, CLECs, DLECs, IXCs, and Cable MSOs), ISPs and large organizations, including some government agencies and departments. In addition, North American DataCom plans to initially operate 2 of its 5 satellite data storage centers that are directly connected to its fiber optic network and to open its Major Data Center. Initially, this Major Center will comprise 60,000 of the planned 125,000 square feet available in the Company's facility in Iuka, Mississippi. North American DataCom's initial market strategy is to provide high quality broadband communications and data storage services in the 2nd Tier Segment 1 markets within northern Mississippi, Alabama and Georgia and southern Tennessee.

Under the revised Plan, North American DataCom expects to begin generating revenues from Segment 1 in July 2001, and expects to have a positive cash flow in June 2002, showing profits in August 2002.

Safe Harbor Statement

Statements in this release express management's beliefs and expectations regarding future performance. These statements are forward-looking and involve risk and uncertainties. These risks include, but not limited to, the ability to negotiate venture agreements, properly identify acquisition partners, manage and integrate acquired businesses, react to quarterly fluctuation in results, raise working capitol and secure other financing, respond to competition and other rapidly expanding technology, deal with market and stock price fluctuation, and other risks. These risks are and will be detailed, from time to time, in North American DataCom, Inc. Securities and Exchange Commission filings. Actual results may differ materially from management's expectations.

North American DataCom's principal executive offices are located at 751 County Road 989, Building 1000, Iuka, MS 38852. For further information, contact Investor Relations, 662/424-5030, and by e-mail at investorrelations@nadata.com.
____________________

Contact:

                North American DataCom, Inc., Iuka
                Investor Relations, 662-424-5030

 


2003-05-02
North American DataCom, Inc. (NADA), announced today that has halted its operations due a lack of funding.

2003-01-03
North American DataCom Reports Unaudited Fiscal Year 2002 and First Quarter Results

2002-05-21
North American DataCom Reports Nine-Month Results: Debt and Losses Reduced

2002-04-25
North American DataCom Announces Bandwidth Agreement

2002-04-23
North American DataCom Expands Board and Announces Revised Business Plan

2002-02-21
North American DataCom Reports Six-Month Results: Revenues Up and Expenses Down

2001-12-04
North American DataCom Announces Expansion of Internet and Data Services Business

2001-11-08
North American DataCom Acknowledges Equity Investment Support

2001-10-31
North American DataCom Reports First Quarter Results: Revenues Up and Expenses Down

2001-10-24
North American DataCom Announces Revised Business Plan

2001-10-16
North American DataCom Reports Fiscal Year 2001 Results: Net Revenue and Development Expenses Up

2001-08-28
North American DataCom, Inc. and Infusion Software Group, LLC Launch GLOBAL PTX

2001-08-07
North American DataCom Announces Management Changes

2001-05-15
North American DataCom Announces Third Quarter Financials: Net Revenues Increased by 113% and Development Expenses Up

2001-03-15
North American DataCom Enters Into Agreement for Up to $50 Million of Equity Financing

2001-03-07
North American DataCom Announces New Lease with State of Mississippi

2001-02-19
North American DataCom Reports Second Quarter Results: Net Revenue and Development Expenses Up

2001-02-15
North American DataCom Announces Interim Business Plan

2000-11-07
North American DataCom Receives Enterprise Data Storage Contract

2000-09-07
North American DataCom Announces Deployment of Microwave Tower and Right of Way Agreement With Local Railroad

2000-09-01
North American DataCom Subsidiary Announces Appointment of Gordon Evans

2000-08-22
North American DataCom Announces Fiber Optic Conduit Agreement

2000-05-12
North American DataCom Receives Certification as a Competitive Local Exchange Carrier -CLEC-

2000-05-11
Broadband Pioneer Makes Tracks With EMC As Core Info Infrastructure

2000-04-07
North American DataCom Changes Trading Symbol

2000-03-24
Pierce International Changes Name To North American DataCom

2000-03-07
Pierce International Names Jerry Buuck to Head Sales for Its Newly Formed Subsidiary North American InfoTech, LLC

1999-12-21
Pierce International Acquires North American Software

1999-05-20
North American Software Acquires Freedom 2000 Internet Service