Tuesday December 04, 8:04 pm Eastern Time

Company Press Release

North American DataCom Announces Expansion of Internet and Data Services Business

IUKA, Miss.--(BUSINESS WIRE)--Dec. 4, 2001--Robert R. Crawford, Chief Executive Officer of North American DataCom, Inc. (NAD) (OTCBB:NADA - news), announced today the Company's plans to expand its Internet and Data Services business to one hundred twenty-nine (129) cities in Mississippi, Alabama, and Tennessee. In the coming months, this expansion will allow virtually anyone in Mississippi, Alabama or Tennessee to have local Internet access and/or Data Services, or at least a choice of service providers. The expansion will complement the high-speed Internet access and Data Services network that has been planned for the under-served areas within the Southeast. This expansion of service areas is part of the Company's commitment to offer Internet access and Data Services to customers throughout the Southern US region.

The Company has an aggressive plan to offer Internet access and Data Services to customers throughout the South over the next 6 months. "As we have stated on several occasions,'' said Mr. Crawford, "the need for North American DataCom's (NAD) services has not diminished during the past 12 months. We have had to adjust the timing for implementation of these services as the economy and market has changed, and we are now ready to proceed.''

The Company's expansion supports its revised business plan, and is expected to increase the Company's Internet and Data Services business revenues very quickly. This expansion will provide synergistic support for NAD's data storage services, broadband connectivity and information technology services. The expanded Internet and Data access will provide an additional benefit for customers of the Company's Global PTX venture, who can use the increased professional and application services. Global PTX, LLC, is a joint venture with Infusion Software Group, LLC, focusing on a wide range of application and private trade exchange services.

Mr. Jack Freeman, President of North American DataCom, expressed his view of the benefits the expanded services will bring to NAD's bottom line. "This expansion highlights the Company's plans to increase revenue and establish market share in our region,'' said Mr. Freeman. "We have reduced our costs, and now it's time to focus on growing revenue.''

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 capital 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, or by e-mail at investorrelations@nadata.com.

 


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

2002-04-30
North American DataCom Expands Its Operation in Greater China/Shangai

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