Aplus.Net exits DSL to Focus on Core Web Hosting Business

HostReview.com
Thursday, August 8, 2002; 12:00 AM

San Diego, CA - August 8, 2002 - Aplus.Net, a market leader in providing Web hosting, domain registration, and e-commerce services to small and medium-sized businesses announced today that it will transition its ancillary DSL business to DSL.net (Nasdaq: DSLN).

"Over the past five years Aplus.Net has grown to become a leader in providing Web hosting, domain registration, and e-commerce services to small and medium-sized businesses. As part of our continuing effort to sharpen our focus and improve services for our over 200,000 customers, Aplus.Net is phasing out its DSL business," said Ivan Vachovsky, CEO of Abacus America, Inc., the parent of Aplus.Net.

Both Aplus.Net and DSL.net are committed to ensuring the best possible transition for the customers. As part of the transaction, DSL.net is opening a Migration Center which will be dedicated to serving the customers during the transition period. The Migration Center will be open Monday through Friday from 8 a.m. to 8 p.m. EST and can be reached toll free at (866) 340-2586.

"We explored many alternatives to ensure that our DSL customers would continue to receive the outstanding service they have become accustomed to. We are confident that our customers will be well served by DSL.net," Vachovsky said.

Aplus.Net was advised on the transaction by SG Capital, LLC, a Los Angeles-based mergers and acquisitions advisor to middle market companies.

About Aplus.Net

A division of Abacus America, Inc., Aplus.Net is one of the leading providers of Web hosting solutions for small-and-medium-size-businesses nationwide. The Company serves over 200,000 customers and offers a broad portfolio of Web hosting, domain registration, e-commerce, and access services. Recently the company completed its acquisition of Cedant Web Hosting, making it one of the top ten private Web hosing companies in the United States. The company owns and operates its own data center in San Diego.