GOAM - GoAmerica, Inc. (GOAM)

[jmhollen]

GoAmerica Obtains $14.5 Million in Private Placement Commitments

HACKENSACK, N.J., Dec. 19 /PRNewswire-FirstCall/ -- GoAmerica, Inc.
(Nasdaq: GOAM) announced today that the Company has executed definitive
agreements with multiple investors providing for the investors to purchase
96,666,666 shares of common stock for an aggregate purchase price of $14.5
million in a private placement offering. The cash infusion will allow the
Company to fund working capital needs, grow its core Wynd Communications
business and launch new services for Wynd's constituency of people who are
deaf or hard of hearing.

The proposed transaction has been approved by GoAmerica's Board of
Directors and is being presented to GoAmerica's stockholders for approval at a
special stockholders meeting currently expected to be held in late January
2004 and is subject to certain standard conditions. The $14.5 million to be
paid to the Company includes an immediate $1 million in secured bridge loan
financing, which loan is not dependent on stockholder approval. In connection
with this private placement, GoAmerica successfully negotiated new
arrangements with its largest creditors, including the previously announced
agreements with its primary landlord. These arrangements have released the
company from approximately $12 million of debt and contingent liabilities.
The securities sold in the private placement have not been registered
under the Securities Act of 1933, as amended (the "Act"), and may not be
offered or sold in the United States in the absence of an effective
registration statement or exemption from the registration requirements under
the Act. In accordance with the terms of the Purchase Agreement entered into
by the Company and the investors in connection with this financing, the
Company has agreed to file a proxy statement with the Securities and Exchange
Commission to seek stockholder approval of the financing. In accordance with
the terms of the Registration Rights Agreement entered into by the Company and
the investors in connection with this financing, the Company has agreed to
file a resale registration statement on Form S-3 promptly after the approval
of the transactions by the Company's stockholders.

About GoAmerica
GoAmerica, Inc.'s aim is to improve the quality of life for people who are
deaf or hard of hearing by being their premier provider of innovative
communication services. These technology-based services are delivered through
GoAmerica's wholly owned subsidiaries, including Wynd Communications
Corporation, the leading provider of wireless telecommunications services for
people with hearing loss. Wynd Communications is a winner of the California
Governor's Award for Excellence in Universal Design and Technology and has
been recognized by both the Clinton and Bush Administrations for its
commitment to Americans with disabilities. For more information, visit
www.goamerica.net or contact GoAmerica directly at TTY 800-549-2800, voice
805-781-6000.

The statements contained in this news release that are not based on
historical fact -- including the statements regarding 2003, 2004 and 2005
revenues and profitability, subscriber metrics, the Company's plans and
strategies, market opportunities, anticipated service offerings and other
future plans and objectives, are "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may be identified by the use of forward-looking
terminology such as "may", "will", "expect", "estimate", "anticipate",
"continue", or similar terms, variations of such terms or the negative of
those terms. Such forward-looking statements involve risks and uncertainties,
including, but not limited to: (i) our limited operating history; (ii) our
reduced capital resources and need for additional liquidity; (iii) our ability
to fund our operating needs through available cash reserves; (iv) our ability
to raise additional equity and renegotiate liabilities before our cash
resources are fully depleted; (v) the impact on our business from our
receiving a "going concern" opinion from our independent auditors; (vi) our
ability to successfully implement our strategic alliance with EarthLink; (vii)
our dependence on EarthLink to provide billing, customer and technical support
to our subscribers; (viii) our ability to respond to the rapid technological
change of the wireless data industry and offer new services; (ix) our
dependence on wireless carrier networks; (x) our ability to respond to
increased competition in the wireless data industry; (xi) our ability to
integrate acquired businesses and technologies; (xii) our ability to leverage
strategic alliances to generate revenue growth; (xiii) our ability to increase
or maintain gross margins, profitability, liquidity and capital resources; and
(xiv) our ability to manage our remaining operations; and (xv) difficulties
inherent in predicting the outcome of regulatory processes. Such risks and
others are more fully described in the Risk Factors set forth in our filings
with the Securities and Exchange Commission. Our actual results could differ
materially from the results expressed in, or implied by, such forward-looking
statements. Each reference in this news release to "GoAmerica", the "Company"
or "We", or any variation thereof, is a reference to GoAmerica, Inc. and its
subsidiaries. "GoAmerica", "Go.Web", "Go.Web Enterprise Server", "Mobile
Office", and "OnPrem" are trademarks or service marks of GoAmerica, Inc.
"WyndTell", "Deafwireless", and "Deafwireless Superstore" are trademarks or
service marks of Wynd Communications Corporation. Other names may be
trademarks of their respective owners.

This press release is not a proxy statement and the Board of Directors of
the Company is not soliciting any proxy pursuant to this press release. The
Board of Directors presently intends to solicit proxies from the Company's
stockholders, by filing a proxy statement with the SEC and delivering the
proxy statement to the stockholders. If the Board of Directors does so,
please read it carefully, because it will contain important information about
the Company and the matters that the Board will ask the stockholders to
consider and act upon. A description of the interests of the members of the
Board of Directors in the Company is set forth in the proxy statement filed by
the Company in connection with its December 19, 2003 annual meeting of
stockholders.

GoAmerica files reports, proxy statements and other information with the
SEC under the Securities Exchange Act of 1934, as amended. The SEC maintains
an Internet world wide web site at http://www.sec.gov, that provides access,
without charge, to such reports, proxy statements and other information. You
can also obtain such reports, proxy statements and other information, without
charge, from GoAmerica, by contacting Investor Relations, telephone:
201-996-1717, facsimile: 201-996-1772.

SOURCE GoAmerica, Inc.

CONTACT: Josh Rochlin, SVP, Strategy and Corporate Development of
GoAmerica, Inc., [phone], [e-mail]/

Web site: http://www.goamerica.net