GOAMC Goamerica (MM)

GoAmerica Expands Product Portfolio to Include Prepaid Services Fast Growing Market Presents New and Diversified Revenue Opportunities, Provides Additional Communications Options to Existing and Future Customers HACKENSACK, N.J., Sept. 7 /PRNewswire-FirstCall/ -- GoAmerica (NASDAQ: GOAMNASDAQ:andNASDAQ:GOAMC) today announced the expansion of its product portfolio to offer customers a range of prepaid options such as calling cards and wireless services. The Company expects to begin selling prepaid solutions and recognizing related revenue within the month of September. "The prepaid market is attractive to us because it is growing at such a rapid pace and we believe our customers will appreciate the new communication products from a company they're familiar with," said Dan Luis, CEO of GoAmerica. "Not only does this represent a positive financial alternative to post-paid options for our customers, but it also opens new doors for us among hard of hearing consumers and the broader marketplace. I'm very excited about what the resulting new sales and distribution opportunities will mean for the Company." Earlier this year, GoAmerica outlined a strategy that included plans to enhance and expand existing product offerings and diversify revenue streams. The prepaid market, representing one such diversification, presents the Company with an opportunity to leverage new and existing distribution channels and enter strategic relationships in the area. The new offerings will be marketed to existing customers and prospects in the deaf and hard of hearing market as well as to other targeted segments within the broader consumer marketplace. According to Atlantic-ACM, a leading provider of strategic research and consulting services serving the telecommunications industry, the market for prepaid services has grown from $350 million in 1994 to a projected $11.4 billion in 2004. Wireless prepaid is expected to grow at a faster rate than the overall market for wireless services, with annual growth rates in the 15 to 20 percent range. Veteran executive of the prepaid industry, H. Edward Torres will lead GoAmerica's sales and marketing plans for this category. Torres brings 18 years of prepaid and post paid telecommunications experience to the Company, most recently at WorldNet Prepaid in New York where he served as co-owner and President. Prior to entering the telecommunications industry, Ed spent a combined six years at Coca-Cola and Procter & Gamble as a senior sales executive. "Ed has a proven track record of successfully building prepaid businesses," added Luis. "I expect that his enthusiasm and wealth of experience will enable him to make a significant contribution to the Company." About GoAmerica GoAmerica is a leading provider of wireless telecommunications services for people with hearing loss. The Company's vision is to improve the quality of life for people who are deaf or hard of hearing by being their premier provider of innovative communication services. WyndTell(R) -- a GoAmerica service -- is the wireless service of choice for thousands of deaf consumers across the U. S., and was recognized for Excellence in Universal Design and Technology by the California Governor's Committee for the Employment of Disabled Persons. For more information, visit http://www.goamerica.com/ or contact GoAmerica directly at TTY 201-527-1520, voice 201-996-1717. The statements contained in this news release that are not based on historical fact are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "estimate," "anticipate," "continue," or similar terms, variations of such terms or the negative of those terms. Such forward- looking statements involve risks and uncertainties, including, but not limited to: (i) our limited operating history; (ii) our ability to successfully manage our strategic alliance with EarthLink; (iii) our dependence on EarthLink to provide billing, customer and technical support to certain of our subscribers; (iv) our ability to respond to the rapid technological change of the wireless data industry and offer new services; (v) our dependence on wireless carrier networks; (vi) our ability to respond to increased competition in the wireless data industry; (vii) our ability to integrate acquired businesses and technologies; (viii) our ability to generate revenue growth; (ix) our ability to increase or maintain gross margins, profitability, liquidity and capital resources; and (x) our ability to manage our remaining operations; and (xi) difficulties inherent in predicting the outcome of regulatory processes. Such risks and others are more fully described in the Risk Factors set forth in our filings with the Securities and Exchange Commission. Our actual results could differ materially from the results expressed in, or implied by, such forward-looking statements. Each reference in this news release to "GoAmerica", the "Company" or "We", or any variation thereof, is a reference to GoAmerica, Inc. and its subsidiaries. "GoAmerica" and "WyndTell" are registered trademarks of GoAmerica. "Go.Web", is also a trademarks of GoAmerica. Other names may be trademarks of their respective owners. DATASOURCE: GoAmerica CONTACT: Joe Karp, GoAmerica, +1-201-527-1518, TTY: +1-201-527-1520, ; Ilya Welfeld, +1-201-696-9076, , for GoAmerica Web site: http://www.goamerica.com/

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