HACKENSACK, NJ - April 7, 2000 - GoAmerica, Inc.
announced today the initial public offering of 10,000,000
shares of its common stock, all of which are being sold by the
Company at a price to the public of $16 per share. The Company
has also granted the Underwriters a 30-day option to purchase
up to 1,500,000 additional shares of Common Stock solely to
cover over-allotments, if any. The Company's Common Stock is
listed on the Nasdaq National Market under the symbol GOAM.
Bear, Stearns & Co. Inc., Chase H&Q, U.S. Bancorp
Piper Jaffray, Wit SoundView and DLJdirect Inc. are managing
the offering on behalf of the underwriting group.
Net proceeds to the Company from the sale of Common Stock
will be used primarily to expand the Company's sales and
marketing initiatives, expand customer service and support
systems and capabilities, acquire and implement new
operational and financial systems, increase working capital
and for possible future acquisitions.
GoAmerica, Inc. is a nationwide wireless Internet services
provider that enables its individual and business subscribers
to access remotely the Internet, email and corporate intranets
in real time through a wide variety of mobile computing and
communications devices. A copy of the prospectus relating to
this offering may be obtained from:
Bear, Stearns & Co. Inc
245 Park Avenue
New
York, NY 10167
(212)272-2000
Co-managers of the offering are:
Chase H&Q,
270 Park Avenue
New York, NY 10017
(212)270-6000
U.S. Bancorp Piper Jaffray,
222 South Ninth Street
Minneapolis, MN 55402
(612)342-6000
Wit SoundView
826 Broadway, 6th Floor
New York, NY
10003
(212)253-4400
and
DLJdirect
Harborside Financial Center
501 Plaza II
Jersey City, NJ 07311
(201)308-2525.