DSL.net Inc fka DSLN

[estimator]

Appears to me the naked shorts just got off the hook.

[odiaz28]

DSLN (.0045) Merger of DSL.net Into Subsidiary of MegaPath to be Effected at Close of Business Today

Business Wire "US Press Releases "

WALLINGFORD, Conn.--(BUSINESS WIRE)--

DSL.net, Inc. (OTCBB: DSLN), a nationwide provider of broadband communications services to businesses, today announced that its merger with and into MDS Acquisition, Inc., a wholly-owned subsidiary of MegaPath Inc., a privately held Internet service provider and DSL.net's indirect parent company, will be completed at the close of business today. Since all outstanding shares of DSL.net's common stock, other than shares held by MDS, will be converted into the right to receive cash upon the merger, MDS has requested that the quotation of DSL.net's shares of common stock on the Over-the-Counter Bulletin Board service cease today, at market close. The merger is being effected by MDS as the Company's greater-than-90% stockholder, without any action on the part of DSL.net's board of directors or stockholders, in accordance with Delaware law, to be effective at 5:00 p.m., Eastern Time, today. MDS, as the surviving company, will change its name to "DSL.net, Inc." at the time of the merger. MDS intends to then file a Form 15 with the Securities and Exchange Commission, seeking the deregistration of DSL.net's shares of common stock.

As a result of these actions, DSL.net will merge with and into MDS, and MDS will survive under the name "DSL.net, Inc.," as a wholly-owned subsidiary of MegaPath, and there will no longer be a public trading market for the Company's shares of common stock.

About DSL.net

DSL.net, Inc. is a nationwide provider of broadband communications services to businesses. The Company combines its own facilities, nationwide network infrastructure and Internet Service Provider (ISP) capabilities to provide high-speed Internet access, private network solutions and value-added services directly to small- and medium-sized businesses or larger enterprises looking to connect multiple locations. DSL.net product offerings include T-1, DS-3 and business-class DSL services, virtual private networks (VPNs), frame relay, Web hosting, DNS management, enhanced e-mail, online data backup and recovery services, firewalls and nationwide dial-up services, as well as integrated voice and data offerings in select markets. For more information, visit www.dsl.net, www.getduet.com, e-mail [e-mail], or call 1-877-DSL-NET1 (1-877-375-6381).

About MegaPath

MegaPath is a leading provider of managed IP communications services in North America. MegaPath leverages its wide selection of broadband connectivity, Virtual Private Networks, Voice over IP (VoIP) and security technologies to enable businesses to lower costs, increase security and enhance productivity. Businesses of all sizes can easily and securely communicate between their headquarters, branch offices, retail locations, mobile workers, and business partners.

To learn more about why over 18,000 companies have chosen MegaPath's managed IP data, voice and security services to improve their business communications, visit www.megapath.com or call 1-877-MegaPath (638-4342).

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, to the extent it does, these forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond DSL.net's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. For additional information regarding these and other risks faced by DSL.net, see the disclosure contained under "Risk Factors'' in DSL.net's Annual Report on Form 10-K for the year ended December 31, 2005, which has been filed with the Securities and Exchange Commission.

DSL.net is a trademark of DSL.net, Inc. Other company names may be trademarks of their respective owners.

50 Barnes Park North, Suite 104, Wallingford, CT 06492
Tel: 1-877-DSL-NET1 Fax: [phone]
Email: [e-mail] Web: www.dsl.net www.getduet.com

Source: DSL.net, Inc.

[gambler50569]

[mkinhaw]

Security deletions

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/29/2007&mkt_ctg=OTCBB

MK

[Bull Trader]

TRUE THAT.

[marketmann]

dsln was listed about 3 years ago on
amex, got delisted. they have never made money. price has gone south since 1.41. might get a momo play outta it. looks like it happened already.
as a company, played out long time ago.

[Bull Trader]

super pooper!!!!!!!!!!!!!!!!!

[waveaura]

Well this one is going in my super bad stories. Oh well win soe you loose some.

[mkinhaw]

Good man
congrats
too bad was a good co at one time
MK

[Bull Trader]

ALREADT DID SMART GUY!!!!!!!!!!!!! MADE MY $$$$$$ thanks!!!!!

[mkinhaw]

Better read this

As the holder of more than 90% of the outstanding shares of DSL.net common stock (the “Common Stock”) and pursuant to Section 253 of the Delaware General Corporation Law, MDS and MegaPath intend to effect a “short-form merger” of DSL.net into MDS (the “Merger”) which will result in, among other things, (1) DSL.net ceasing to exist, (2) shares of Common Stock held by stockholders of DSL.net other than MDS or MegaPath being cancelled, (3) such cancelled shares of Common Stock being eligible for a cash payment from MDS of $0.001 per share, and (4) DSL.net ceasing to be subject to the reporting and other disclosure obligations of the Exchange Act. Exhibit A to this Schedule 13E-3 is an Information Statement (the “Information Statement”) which will be mailed to holders of Common Stock of DSL.net to notify them of the pending Merger. The information contained in the Information Statement that responds to the respective items of this Schedule 13E-3 is hereby incorporated herein by reference and the responses to each item are qualified in their entirety by reference to such information contained in the Information Statement.





MK

[Bull Trader]

ya. I have to agree with you. Also, I read the filing regarding the private transaction - its worth checking out.

[waveaura]

Sure looks like it opened where it closed. 500k in vol. probably do what it did yesterday. Not to mention MM's seem more then willing to walk this up.

[Bull Trader]

Still has Legs.

[waveaura]

Run loosk like its done.

[Bull Trader]

I think some shorts are covering here!!!!!!! Stock looks thin through the pennies!!! This stock was on the AMEX a year ago. HMMMMMMMMMMMMMM Had to throw 10k at this beast!!!!!!!!!!!!!!!

[waveaura]

Ya ill risk it.

[Bull Trader]

WEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!

[mkinhaw]

Don t know I didn t
after I read the 8K
but maybe I m wrong it certainly
doesn t act like its going private
lol
MK

[waveaura]

I am just wonderign if i should buy or not.

[mkinhaw]

Who knows but last 8K shows
it will go private
unless I read it wrong
MK

[waveaura]

How high well this go is what i am wodnering