OMAHA, Neb., Aug. 23 /PRNewswire-FirstCall/ -- KeyOn Communications Holdings, Inc. (OTC Bulletin Board: KYCS - News), a leading provider of wireless broadband and voice-over-Internet Protocol (VoIP) services in small to midsized and rural markets, announced today that its shares commenced trading on the OTC Bulletin Board under the symbol "KYCS" and it closed on approximately $2.2 million of equity financing through the sale of common stock and warrants. The proceeds of this financing will be used for debt repayment, acquisitions and general working capital.
Jonathan Snyder, President and CEO of KeyOn Communications, said, "Becoming a public company allows KeyOn to enjoy a broader exposure to the investment community and increases the profile of our company within the fast growing, wireless broadband industry. With the additional capital from this offering and greater access to the capital markets, we intend to accelerate both our plans to deploy WiMAX networks and our existing efforts to acquire other wireless broadband carriers."About KeyOn Communications Holdings, Inc.
KeyOn Communications Holdings, Inc. (OTCBB: KYCS - News) provides wireless broadband services to small to midsized (generally less than 250,000 in population) rural and underserved markets. KeyOn offers its broadband services along with voice-over-Internet Protocol (VoIP) and satellite video services to both residential and business subscribers across 11 Western and Midwestern states. Its network footprint spans 45,000 square miles and covers nearly 1,000,000 households and small businesses. Since launching its wireless broadband service in 2003, KeyOn has successfully grown its subscriber base and is currently one of the largest wireless broadband companies in the United States. For more information, visit our website at http://keyon.com, or the websites of the company's wholly-owned subsidiaries at http://sirisonline.com and http://speednet.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
Company Contact:
Jonathan Snyder, President
702-949-3580 or 402-998-4000
