"GoAmerica Inc. which touts itself as a wireless Internet service provider for a corporate America on the go, on Tuesday revealed its plans to sell up to $100 million of its common stock in an IPO.
"GoAmerica has not yet mapped out all the financial details of the initial public offering, but it did say it plans to trade on the Nasdaq using the ticker symbol "GOAM," according to a Form S-1 released by the SEC today.
"GoAmerica subscribers can access the Internet through their choice of mediums, including Palm OS-based computing devices, Research In Motion's (RIMM) interactive pagers, laptop computers, Windows CE-based computers and WAP-enabled smart phones.
"The company also said that it has engineered its ISP services to operate with many next-generation wireless devices.
"GoAmerica competitors in the newly carved space include emerging wireless ISPs like Wireless Knowledge -- a joint venture between Microsoft (MSFT) and Qualcomm (QCOM) -- as well as more traditional foes like Motorola (MOT), ATT (T) unit ATT Wireless, Sprint PCS (PCS), America Online (AOL) and Yahoo (YHOO).
"Net proceeds from the IPO, which were not estimated, will be used for sales and marketing, to expand customer service and support systems, build a planned redundant network operating center, and to buy and install new automated subscriber airtime monitoring systems as well as accounting and financial software.