Broadband Network Services Incorporated Acquires the Internet Assets of Wahoo Communications

September 1, 2002 - Charlottesville, Va
Contact: Gerard P. Learmonth Sr., Ph.D.

Broadband Network Services Incorporated (BNSI) announced today that it has closed a transaction whereby BNSI acquired the Internet assets of Wahoo Communications. As a result of the transaction, BNSI assumes Wahoo’s Internet service customers and certain of its hardware assets. Additionally, Wahoo’s owner, Robert R. Schotta, joins BNSI as Vice President of Sales. Terms of the transaction were not disclosed.

BNSI’s CEO, Gerard P. Learmonth Sr. said “this combination solidifies BNSI’s position as the preferred provider of Internet services to enterprises in the Greater Charlottesville market. Wahoo’s customer base of small to medium sized enterprises is a perfect complement to BNSI’s existing customer base.”

Wahoo specialized in providing broadband Internet access to individual businesses as well as office complexes. BNSI, also a supplier of broadband access services, will easily integrate this customer base leveraging its over seven years' experience serving the Charlottesville market.

In addition to Internet access services, BNSI also provides co-location services to enterprises wanting to maintain their own Internet servers in an Internet-ready data center with redundant backbone connections to Tier 1 National Service Providers, battery and generator backup, as well as around-the-clock physical security.

Learmonth emphasized BNSI's commitment to all of its customers, saying "even after the so-called dot-com bubble burst, small to medium sized businesses in the region increasingly require first-class Internet services from a provider who understands and caters to their very specific needs. This is where BNSI's core competencies lie; we don't get distracted trying to be all things to all businesses."

He added "with the addition of Bob Schotta, with his long experience in telecommunications and Internet services sales, BNSI will continue its growth as the region's preferred provider of Internet services to the business community."

About BNSI
Broadband Network Services Incorporated (BNSI), headquartered in Charlottesville, Virginia, is a preferred provider of Internet services for small to medium sized business customers in Central Virginia and beyond. These services include robust Internet access, hosting, and application services tailored to meet the wide ranging needs of today's enterprise.
www.bnsi.net