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Allixon Corp (AXNP pink sheets) and MeridCom Inc. are pleased to report that the Company's pre-paid Internet service is now available at more than 200,000 retail locations throughout the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
Daniel Johanning, President of MeridCom, noted that, "Our three-year old company, has undergone explosive growth, and we are definitely at the leading edge of the "pay-as-you-surf" Internet access markets, which are projected to double in revenues over the next two years.(DOUBLE!) Additionally, MeridCom has more than 18,000 local access dial-up numbers spread across all of the major ISP networks!
In-Stat/MDR estimates that U.S. pre-paid Internet retail services revenues have grown from about $30 million in 2002 to approximately $100 million in 2005, and should approach the $200 million level in 2007 (a 45% CAGR in revenues)
More on AXNP: MeridCom Inc. (http://meridian-prime.com/, is a three year old company, that is a provider of prepaid internet access in the United States, Canada, Puerto Rico and U.S.V.I.. MeridCom distributes its products, through private label agreements, with prepaid phonecard companies, giving MeridCom Inc. access to well over 200,000 retail locations. MeridCom's products can be downloaded directly form the Internet. Retail versions may be purchased in the form of mini CD-ROMs or Point-of-Sale generated PIN access numbers.
Prepaid Internet access is a rapidly-growing market segment. With this new, credit-free, private, and portable means of access to internet services, new customers, who previously had either limited or no access to the services, could now have internet service on terms that work for them. People who find the prepaid model attractive and useful included customers without a credit history, such as students and immigrants. Workers that were too mobile to have a billing address, such as military and transient. It is also valuable to parents who want to control their children's use, professional travelers looking to control their costs and consumers who preferred to pay with cash.
In a recent survey of business end-users, In-Stat/MDR found that about 10% of the surveyed organizations had purchased a prepaid Internet service for some of their employees at some time in the past and nearly 20% said they were likely to purchase a pre-paid Internet service in the next year. To date, the manufacturing, education and government sectors have the highest percentage of organizations that have purchased pre-paid Internet services.
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