Internet America Announces Capital Increase - CNNMoney.com- About: BuildingWebsiteNews

Main Fortune Small Business 100 Small Cap Investing - Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? The Company filed a Form 8-K with the Securities and Exchange Commission that includes the form of Purchase Agreement, Registration Rights Agreement and Statement of Resolution under which the Company issued 2,889,076 shares of Series A Preferred Stock at $0. Based in Houston, Internet America offers businesses and individuals a wide array of Internet services including broadband Internet delivered wirelessly and over DSL, dedicated high-speed access, web hosting, and dial-up Internet access. Internet America provides customers a wide range of related value-added services, including Fax2email, online backup and storage solutions, parental control software, and global roaming solutions. These risks include, without limitation, that (1) we will not be able to increase our rural customer base at a rate that exceeds the loss of metropolitan area customers, (2) we will not improve EBITDA, profitability or product margins, (3) we will not be able to identify and negotiate acquisitions of wireless Internet customers and infrastructure on attractive terms. read more

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