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GoAmerica Completes Acquisition of Hotpaper.com

 
 

Acquisition Enhances GoAmerica's Portfolio of Services, Enabling the Rapid

Deployment of Mission-Critical Documents to Mobile Professionals



    HACKENSACK, N.J., Sept. 1 /PRNewswire/ -- GoAmerica, Inc. (Nasdaq:   GOAM),
 a leading nationwide wireless data and Internet services provider, announced
 today the completion of its previously announced acquisition of
 Hotpaper.com, Inc., an innovative Web-based infrastructure company
 dedicated to the automated creation and delivery of business documents.
     "We feel that Hotpaper.com's unique technology complements GoAmerica's
 growing portfolio of services, aimed at offering complete wireless
 business solutions," said Aaron Dobrinsky, GoAmerica's president and CEO.
 "This application will offer increased productivity and efficiency for
 mobile professionals, giving GoAmerica's corporate customers a competitive
 advantage."
     The Hotpaper.com choose-customize-deliver platform, integrated with
 GoAmerica's industry-leading Go.Web(TM) technology, enables mobile
 professionals to create customized Microsoft Word and Adobe PDF documents
 from wireless devices and transmit them on the spot, via fax or email.
 Professionals in document-intensive markets such as sales, banking, legal
 and human resources will be able to create documents wirelessly, thereby
 improving efficiency and shortening business cycles.
     Under terms of the transaction, GoAmerica issued $9.25 million in
 restricted stock and paid cash of $750,000 to the stockholders of
 Hotpaper.com.
 
     About GoAmerica
     GoAmerica, Inc. is a nationwide wireless Internet service provider based
 in Hackensack, N.J.  GoAmerica enables its individual and business
 subscribers to access remotely corporate databases and intranets, the
 Internet and email by delivering its proprietary technology, Go.Web(TM)
 through a wide variety of mobile computing and wireless network devices.
 Through its Wireless Internet Connectivity Center, GoAmerica offers its
 subscribers comprehensive and flexible mobile data solutions for wireless
 Internet access by providing wireless network services, mobile devices,
 and subscriber service support.  For more information, call 888-462-4600 or
 visit www.goamerica.net .
     This news release contains certain forward-looking statements intending to
 qualify for the safe harbor provisions of the Private Securities
 Litigation Reform Act of 1995.  Investors are cautioned that such
 forward-looking statements involve risks and uncertainties, which may
 affect GoAmerica, Inc.'s business, prospects and results of operations.
 GoAmerica, Inc.'s business is subject to a number of significant risks,
 including, but not limited to, risks relating to GoAmerica, Inc.'s ability
 to increase and maintain its subscriber base, uncertainties relating to
 the future demand for services in the emerging wireless data services
 market and GoAmerica, Inc.'s ability to successfully grow its
 infrastructure, manage expanded operations and offer new services.  There
 are also risks relating to the proposed acquisition of Hotpaper.com
 including GoAmerica's ability to integrate the acquired technology and
 business with GoAmerica's current business and the potential loss of share
 value to GoAmerica's existing stockholders as a result of the issuance of
 GoAmerica common stock to Hotpaper.com stockholders.  Such risks and others
 are more fully set forth in GoAmerica's filings with the Securities and
 Exchange Commission.  "GoAmerica" and "Go.Web" are trademarks of GoAmerica,
 Inc. Other names may be trademarks of their respective owners.
 
     About Hotpaper.com
     Hotpaper.com, Inc. is a document automation infrastructure provider based
 in San Francisco, CA.  Hotpaper enables its individual and business users
 to dynamically create Microsoft Word and Adobe PDF documents directly from
 their web browsers.  Users choose from among numerous document templates,
 answer some simple questions, click a button, and the system automatically
 crafts a customized version.  Tasks that previously required original
 authorship or lots of cut-and-paste can now often be completed in a minute
 or two.  Hotpaper has over 130 customers in 18 countries, including over
 two dozen Fortune 500 companies.
 
 

SOURCE GoAmerica, Inc
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