CAIS INTERNET BECOMES ARDENT COMMUNICATIONS;
COMPANY RECEIVES SHAREHOLDERS APPROVAL TO CHANGE
CORPORATE NAME TO REFLECT NEW BUSINESS DIRECTION
AND BRAND VALUE
WASHINGTON -- July 27, 2001
-- CAIS Internet, Inc. (OTCBB:CAIS), a provider
of broadband access and bundled data services
to businesses, hotels and public spaces nationwide,
today announced that it has received shareholder
approval at its annual meeting to formally change
its corporate name and brand to Ardent Communications,
Inc.(SM)
The Company has launched a new Web site, www.ardentcomm.com,
and a new general phone number, 800-270-0000.
The Company has also applied for a new stock
symbol, to be announced upon approval. "Changing
the Company name to Ardent Communications reflects
the successful redirection of our primary model
to that of a tier-one, full service ISP providing
bundled data services to businesses nationwide,"
said Michael Lee, President and CEO of Ardent
Communications. "While the name, CAIS Internet,
has a strong heritage, its brand equity has
always been in the hospitality business, an
area which is no longer our primary focus. As
evidenced in our recent announcements, the Company
has effectively transitioned to being a provider
of bundled business communications services
to businesses nationwide and changing our corporate
name to reflect this new brand was a natural
move for the Company."
"As a name, Ardent Communications reflects
all that this Company is: commitment, enthusiasm,
dedication and loyalty," Lee continued.
"These are all characteristics of the word
"ardent" and we believe it is a brand
that truly reflects the Company's passion and
dedication in providing consumers with the best
data communications experience available on
the market today."
For more information on Ardent Communications,
please visit www.ardentcomm.com
or call 800-270-0000.
Ardent Communications, Inc. (OTCBB: CAIS) is
a nationwide supplier of broadband Internet
access solutions and provides price competitive
high speed Internet services to businesses in
29 Points of Presence (serving 38 metro areas)
across the nation utilizing a tier-one, nationwide
Internet network and several proprietary technologies.
The Company offers always-on, broadband Internet
access to its customers through its digital
subscriber line (DSL) service, and through T-1,
DS-3 and other bandwidth connections in major
metropolitan areas throughout the U.S. Additionally,
the Company provides bundled data services including
Web hosting, colocation services and other value
added managed data services. Finally, the Company
also provides service to certain hotel properties
utilizing installed high speed Internet service
and business centers. The Company uses its unmanned
business centers and Internet kiosks to deliver
broadband Internet access and content to hotels
and public venues, such as airports, retail
centers, and cruise ships.
Ardent Communications, Inc. is headquartered
in Arlington, VA. and operates a coast-to-coast
OC-12 clear-channel network, and peers with
public and private partners, and at national
exchange points.
This release contains statements
relating to Ardent's future expectations and
business strategies or other "forward-looking"
information. Those statements are subject to
known and unknown risks, uncertainties and other
factors that could cause actual results to differ
materially from those contemplated by the statements.
Important factors that may cause actual results
to differ from projections include, among others:
changes in business and market conditions; changes
in the Internet services industry and the general
economy; our limited operating history; our
ability to manage rapid growth; our ability
to enter into joint ventures and other strategic
relationships with companies on terms acceptable
to us; access to additional capital; and the
impact of computer and related problems that
may arise from our operations.
# # #
CONTACT:
CAIS Internet
Peter Benedict
703/247-6328
p.benedict@cais.com
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