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Initial Public Offering Of 10,000,000 Shares Of Goamerica, Inc. Common Stock At $16 Per Share

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.

 
 
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