We intend to continue to provide our clients with the high-quality service they are accustomed to, while expanding our capabilities to provide the complex web hosting solutions Exodus is known for. The addition of GOL enables us to expand quickly into the Japanese marketplace and significantly enhance our position as a worldwide leader in the complex Web hosting market. GOL brings a team of more than 70 bilingual Internet application, network engineering, and customer service professionals to Exodus. Exodus plans to accelerate its entry into Japan by utilizing GOL's considerable expertise and knowledge of the Japanese marketplace. Subject to normal and customary closing conditions, the transaction is expected to close by the end of December 1999.
Exodus expects to account for the acquisition as a purchase.
About Global OnLine GOL is one of Japan's benchmark Internet Service Providers. Headquartered in Shinjuku, Tokyo, GOL offers a comprehensive range of Internet services backed by superior technical support. Roger J. Boisvert, President and CEO of GOL, established the first government authorized commercial Internet Service Provider in Japan in 1993. Conn. Services include leased line services, system integration services, Intranet solutions, SOHO solutions, complex Web development, hosting services and e-commerce solutions. About Exodus Communications Exodus Communications is a leading provider of Internet system, network management solutions and technology professional services for enterprises with mission-critical Internet operations.