Wednesday April 25, 7:55 Eastern Time

Company Press Release

North American DataCom Announces Bandwidth Agreement

IUKA, Miss.--(BUSINESS WIRE)--April 25, 2002--North American DataCom, Inc. (OTCBB:NADA - news) announced today the purchase of bandwidth through December 2003 and the sale of 505 miles of fiber optic conduit. These transactions are in support of the Company's revised Business Plan. The revised Plan, which was approved by the Board last week, focuses on immediate revenue growth and immediate reduction of investment and expenses associated with delayed broadband infrastructure development. The Company's current broadband facilities of approximately 500 megabytes per second can support its application service business until the larger network is completed.

The wireless bandwidth was acquired from Corban Communications in exchange for approximately 2.7 million shares of NADA restricted common stock. This transaction is valued at $377,622. Also, the Company entered into a transaction with Qwest Communications to exchange its 505 miles of conduit from New Orleans to Jacksonville, FL for $15.12 million of current liabilities. The Company realizes $721,109 of non-operating income from this transaction that will be reported in its third quarter 10Q. Management believes that the exchange of current debt for the conduit asset has a beneficial impact on its financial condition and balance sheet.

Robert R. Crawford, chief executive officer of North American DataCom stated, ``While our goal continues to be development of a state-of-the-art broadband network in the underserved southeast, the current capital marketplace forced us to continually reevaluate our plans. It seems prudent to reduce our investment at this time.'' The capital budget over the next 9 months for the interim bandwidth network, the EDS business and the Global PTX business has been reduced to $5 million. The Company expects its 9-month results to show a continuing trend of higher revenues and reduced expenses supporting the revised plan.

As stated in earlier releases, the Company has redirected its focus to shorter-term goals emphasizing immediate revenues. These revenues are being developed through the expansion of application services (such as provided by Global PTX), the development of its data storage (EDS) services and the marketing of broadband services throughout the rural south and elsewhere. These three services are global in scope and provide tremendous opportunities for immediate revenue growth. The Company plans to develop these services throughout the global economy.

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 go to our website, www.nadata.com, or contact Investor Relations, 662/424-5030, and 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