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ARCHIVED  October 8, 1999

Sheriff seizes WebAccess equipment

FORT COLLINS – Equipment that linked Internet service provider WebAccess Inc. to some of its subscribers is under lock and key in a storage unit after it was seized by the Larimer County Sheriff’s Office.

A deputy armed with a court order surprised WebAccess president Bud Prentice on Sept. 16 when she arrived to take possession of a router/server – a rack-mounted electronic hub that provided Internet service connection to WebAccess customers.

Payment for the equipment, delivered in June by Wheat Ridge supplier Lookout Technologies Inc., was more than two months overdue, Lookout claimed in court documents.

Prentice would not comment on the seizure, saying WebAccess was considering legal action against Lookout Technologies.

The equipment, worth about $8,000, was in use at WebAccess when the deputy and Lookout Technologies president Tom Wade took possession of it.

“It had operating T1 lines plugged into it when we took it,” Wade said. A single T1 connection has a capacity of 24 separate phone lines. With modem cards, also provided by Lookout, the equipment was capable of supplying data connections to 28 simultaneous users.

Another Fort Collins Internet service provider who uses equipment identical to that provided to WebAccess said the total number of subscribers accommodated would typically be 10 times the number of lines available.

“Depending on what modem ratio they were using, the unit would have supplied about 280 subscribers,´ said Bill Ward, president of Front Range Internet Inc.

Prentice has said WebAccess serves 1,500 subscribers in Northern Colorado.

WebAccess became a “new” company at an Aug. 30 meeting of stockholders of Applied Computer Technology Inc., WebAccess’ former parent. At that meeting, Actnet – the sole remaining asset of the once high-flying computer manufacturer – was sold to a newly formed company with the WebAccess name.

WebAccess had been the trade name of Actnet since it was formed in late 1996 in a move to diversify ACT’s sagging computer business.

The sale involved the transfer of 200,000 shares of ACT stock, worth about 1.5 cents per share, and “cash payments and assumption of liabilities in the amount of $600,000,” Securities and Exchange Commission documents show.

Prentice hopes to resurrect Web-Access by selling stock privately at $1.75 per share to raise “between $700,000 and $1,750,000.” WebAccess would then invest that sum in the purchase of other Internet service providers in the region, boosting subscriber numbers and income.

At the August meeting, Prentice said WebAccess had signed letters of intent for the purchase of four service providers in Colorado and New Mexico. Acquisition of those firms would bring WebAccess’ subscriber total to 15,000, Prentice said.

FORT COLLINS – Equipment that linked Internet service provider WebAccess Inc. to some of its subscribers is under lock and key in a storage unit after it was seized by the Larimer County Sheriff’s Office.

A deputy armed with a court order surprised WebAccess president Bud Prentice on Sept. 16 when she arrived to take possession of a router/server – a rack-mounted electronic hub that provided Internet service connection to WebAccess customers.

Payment for the equipment, delivered in June by Wheat Ridge supplier Lookout Technologies Inc., was more than two months overdue, Lookout claimed in court documents.

Prentice would not comment on the…

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