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NEWS FLASH
2000 - 29 (August 2000) ACQUISITIONS, MERGERS & AGREEMENTS GoAmerica to Acquire Hotpaper.com and its Document Automation Tech GoAmerica, Inc. will acquire Hotpaper.com, a document automation infrastructure provider, for approximately $9.25 million in restricted GoAmerica stock and cash of $750,000. Hotpaper.com’s technology complements GoAmerica’s suite of applications available for its corporate customers. The acquisition will integrate GoAmerica’s Go.Web™ technology with Hotpaper.com’s choose-customize-deliver platform, enabling mobile workers to create customized Microsoft Word and Adobe PDF documents from wireless devices and transmit them anywhere via fax or email. GoAmerica will be targeting mobile professionals in the sales, banking, legal, and human resources sectors. GoAmerica’s Go.Web service enables the mobile professional to securely access and process corporate data, send and receive email, and browse the Internet when away from the office. The Go.Web technology intelligently compresses, encrypts, and reformats data, optimizing it for viewing on a variety of wireless devices and data networks. With the acquisition of Hotpaper.com, GoAmerica will offer business customers a turnkey service that integrates with their businesses. For more information: Mobileinfo Comments and Advisory: We have concern about this announcement- Adobe pdf documents are bulky and not suitable for wireless networks of today. Even with 3G networks of tomorrow, one will have to be careful. However, in a few niche applications where immediacy is of essence, the application may fly. For Go.America, the potential is in their VPN and wireline services. We seem to think that PR and marketing executives are exploiting association with wireless as hot and exciting whether users will buy it or not. Philosophically speaking, who said mankind is realistic in their expectations - we dream more than we are pragmatic. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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