VoIP, Inc. plans Exchange Offer to acquire working control of Internet America, Inc.

0 Comments | M2 Presswire, July, 2004

M2 PRESSWIRE-7 July 2004-VoIP Inc: VoIP, Inc. plans Exchange Offer to acquire working control of Internet America, Inc.(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:07072004 FORT LAUDERDALE, Florida - VoIP, Inc. (OTCBB "VOII") today announced that it plans to make a stock for stock exchange offer to acquire working control of Internet America, Inc.

(OTCBB: GEEK) located in Dallas, Texas. Under the plan, VoIP, Inc. will register sufficient number of its common stock with the Securities and Exchange Commission under an S-4 Registration Statement, enabling it once registered, to offer the shareholders of Internet America one-half share of VoIP, Inc. for each share of Internet America. The plan is to acquire up to 49 of the outstanding shares of Internet America,...