MELVILLE, N.Y., Sept. 22, 2003 (PRIMEZONE) -- The MacReport.Net, Inc. (OTCBB:MRPT), an information and media company, announced the selection of their new Internet hosting company, Vastnet Corp.
V. William Lucchetti, MacReport.Net Chairman and CEO stated: "As we continue to expand our online presence, we chose Vastnet to provide a reliable and secure hosting solution. Their innovative services, network reliability and pricing were all factored in along with friendly customer support. The comfort and assurance of uptime gives our staff the ability to focus on our core competencies and development of future products and services."
About The MacReport.Net, Inc.
The MacReport.Net is an information and media company that provides a Web-based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at www.macreport.net The MacReport.Net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns to new product introductions.
About Vastnet Corp.
Vastnet is a mid-sized Internet Sevice Provider (ISP). The company has been in business since 1996 and provides fast, reliable connectivity solutions to over 500 satisfied clients worldwide. Vastnet gives their customers the feel of a small ISP, with all the high-end data center amenities. Their facility is climate controlled by special MovinCool(r) Computer Room A/C Units. Power is backed up by APC SmartUPS(r) UPSs and a Generac backup generator. Vastnet deals with its customers one-on-one so there isn't a need to call different offices around the country to resolve a problem.
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among others things, statements about expectations of future revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the company's products and services, competitive factors, new products and technological changes, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's amended registration statement on Form SB-2 filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.