Acquisition: Rocky Mountain Internet to Acquire 6th Largest National Internet Backbone Provider; Company Solidifies Its Position as a National IP Based Communications Company - Company Business and Marketing

EDGE, On & About AT&T, Sept 21, 1998

Rocky Mountain Internet Inc. announced Wednesday it has entered into a letter of intent to purchase DataXchange Network, Inc., in a stock transaction for 535,000 shares of RMI common stock, with a reduction in the number of shares in the event that certain revenue benchmarks are not met.

The transaction is expected to close by the end of October 1998.

According to Douglas H. Hanson, president, CEO, and chairman of Rocky Mountain Internet, "The acquisition gives RMI ownership of DataXchange's state-of-the-art nationwide backbone. RMI anticipates this backbone will allow RMI to significantly reduce its networking costs. Additionally, DataXchange's backbone is expected to assist RMI in building a full-solutions IP-based communications company."

Headquartered in Clearwater, FL and incorporated in 1993, DataXchange Network is a national backbone provider that has 150 regional ISP's as its subscribers. Boardwatch magazine estimates that DataXchange is the sixth largest overall among the 36 national backbones, when it comes to backbone marketshare.

The company connects its customers via a nationwide network of 326 POP's and a backbone that has been engineered using the top of the line Cisco 7500 routers and fully meshed T-3 ATM ports to a dual OC-3 fiber optic ring. DataXchange peers at multiple NAPs with all significant backbone providers, insuring customers with redundancy and exceptional quality.

In addition to its ISP subscriber base, the company has about 75 small business subscribers to which it leases T-1's, as well as contracts to lease T-1's to California school districts valued at more than $13.8 million in billings. DataXchange had annual revenues for the preceding fiscal year for 1997 of $1.7 million.

According to Robert Laughlin, president of DataXchange Network, Inc., "We are excited about Doug's vision and feel RMI will not only contribute significantly to our future growth but also enable us to offer our customers a wide-range of services not currently available from our competition."

As a result of the merger, RMI will obtain control of DataXchange's network operations, facilities, and Robert Laughlin and other employees are expected to join the RMI team.

This press release includes forward-looking statements relating to the future performance of RMI and Internet Communications. There can be no assurance that actual results will not differ from the companies' expectations, which differences may be material.

Rocky Mountain Internet (http://www.rmi.net) is a full-service, national telecommunications company providing a wide range of voice and data communication services to businesses and consumers. Services include dedicated, dial-up and wireless Internet access, Web development, hosting and marketing, electronic commerce and banner advertising management software applications, network management, system integration, co-location services, paging, local and long distance phone service, 800 service and IP Telephony.