Internet America Engages GulfStar Group, Inc. as Its Financial Advisor to
Evaluate Strategic Alternatives
HOUSTON, TX -- (Marketwired) -- 04/08/14 -- As previously reported,
Internet America (OTCBB: GEEK) received a letter from Crexendo, Inc.
(NYSE MKT: EXE) on March 19, 2014 expressing Crexendo's interest in
acquiring all of the outstanding shares of stock of Internet America
at a price of $.80 per share, payable in shares of Crexendo's common
stock. The Company's Board of Directors had engaged legal counsel and
today engaged a financial advisor, GulfStar Group, Inc. headquartered
in Houston, TX to assist the Board in evaluating the Company's
strategic alternatives in light of Crexendo's expressed interest.
Billy Ladin, Chairman of the Board of Directors of Internet America
commented, "We are pleased to be working with an outstanding and
experienced company like GulfStar Group as we explore our strategic
About Internet America
Internet America is a leading Internet service provider and a member
of WIPSA primarily serving the Texas market, northeast Oklahoma, and
Joplin, Missouri market. Based in Houston, Internet America offers
businesses and individuals a full range of Internet services,
including wireless Internet access, dedicated high-speed access,
dial-up access, DSL and web hosting. Internet America focuses on the
speed and quality of its Internet services and its commitment to
providing excellent customer care. Additional information on Internet
America is available on the Company's web site at
Internet America, Inc.
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