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TYPE: 425
SEQUENCE: 1
DESCRIPTION: NEWSPAPER ARTICLE FILED PURSUANT TO RULE 425

                                        Filed by: RMI.NET, Inc.
                                        This communication is filed pursuant to
                                        Rules 165 and 425, as promulgated under
                                        the Securities Act of 1933, as amended.

                                        Subject Company: Internet Communications
                                                         Corporation
                                        Commission File No. 0-19578

THIS NEWSPAPER ARTICLE IS FILED BY RMI.NET, INC. PURSUANT TO RULES 165 AND 425
OF THE SECURITIES ACT OF 1933 AND IS THEREBY DEEMED FILED PURSUANT TO RULE
14a-12 UNDER THE SECURITIES EXCHANGE ACT OF 1934. INVESTORS ARE URGED TO READ
THE VARIOUS FILINGS OF RMI.NET, INC AND INTERNET COMMUNICATIONS CORPORATION THAT
HAVE BEEN AND WILL BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION WITH
RESPECT TO RMI.NET'S PROPOSED ACQUISITION OF INTERNET COMMUNICATIONS
CORPORATION, INCLUDING THE PROXY STATEMENT/REGISTRATION STATEMENT THAT IS
REQUIRED TO BE FILED WITH RESPECT TO THE PROPOSED ACQUISITION. THE SECURITIES
AND EXCHANGE COMMISSION FILINGS ARE AVAILABLE TO THE PUBLIC AT THE SECURITIES
AND EXCHANGE COMMISSION'S WEB SITE AT HTTP://WWW.SEC.GOV. INVESTORS CAN ALSO
OBTAIN FREE COPIES OF THE DOCUMENTS RELATING TO RMI.NET, INC. BY CONTACTING
CHRISTOPHER J. MELCHER, VICE PRESIDENT AND GENERAL COUNSEL, RMI.NET, INC. LEGAL
DEPARTMENT, 999 EIGHTEENTH STREET, SUITE 2201, DENVER, COLORADO 80202, (303)
672-0700, http://www.rmi.net.

Set forth below is an article published in the Denver Post.

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                      STOCK MARKET TURNS ON 'NET COMPANIES

BY Jennifer Beauprez
DENVER POST BUSINESS WRITER

OCT. 16, 2000 - Doug Hanson wakes up each day knowing his company is at the
mercy of a volatile and unpredictable stock market. And it's not likely to
change anytime soon.

The chief executive of RMI.Net Inc. believes that no matter what he does, how
many hours he works or what kind of positive news his company delivers, the
Denver Internet service provider's stock price will hover at record lows.

"It doesn't matter if it's good news or bad news, your stock goes down," said
Hanson. "It's not just RMI. It's everyone." That's the curse of the markets.
Just as the stock market hype drove up valuations and made people millionaires
last year, it can turn the other direction in a hurry.

The vast majority of local tech stocks have been hammered by the volatile stock
market, trading at all-time low prices. Some of them are at least 50 percent
lower than where they were this spring before the markets took a tumble. Each
company has its own financial story. But J.D. Edwards & Co.'s stock is down to
$21.12 a share from a high of $48.31 in March. Convergent Communications Inc. is
down to $3 a share from $18.75 in January. FirstWorld Communications Inc. now
trades at $2.12 a share from a March high of $38.75. And eSoft Inc. closed
Friday at $3.56 after a January heyday of $42.87.

Small-cap stocks, such as RMI.Net, which is down to $1.09 a share from a 52week
high of $13.50, will likely be the last to recover. Small-cap stocks usually
have a market capitalization of $500 million or less. (Market capitalization is
the number of outstanding shares multiplied by the stock price.)

"The market is brutal," said Fred Taylor, principal at Northstar Investment
Advisors in Denver.

Just this last week, the stock markets took an ugly beating. On Thursday, the
Dow Jones industrial average plunged 379.21 points, and the tech-heavy Nasdaq
hit its lowest point of the year.

Stocks rebounded on Friday as bargain-hunting investors helped push the Nasdaq
composite index up to one of its best one-day performances ever. Investors
eagerly bought big-name technology stocks, including EMC Corp, Sun Microsystems
Inc. and Cisco Systems Inc., which had prices that rebounded 10 percent.

But Internet-related stocks - especially small-cap stocks like RMI.Net - didn't
feel the good vibrations of the market. Investors turned against Internet
companies after market leaders Yahoo and DoubleClick Inc. announced Friday that
revenues from Internet ads were likely to be lower in the future.

Local stocks, such as Webb Interactive Services Inc., a Denver e-commerce firm,
dropped 9.5 percent to close at $5.31 a share Friday. It traded as high as $70 a
share in February.

RMI.Net's stock dropped nearly 8 percent Friday to close at $1.09.


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"It's ridiculous," said Hanson of RMI. When Hanson took over as CEO of RMI three
years ago, the company's stock traded at $2 a share. The company's revenues have
since grown to $50 million from $5 million, and it has made 25 acquisitions and
expects to break even in December. "That's a good position to be in, and we get
no benefit from that," said Hanson.

Financial experts agree that tech stocks were overvalued and some adjustment in
valuations was needed after months of hype. Craig Callahan, chief investment
officer at Meridian Icon Funds in Englewood, says he doesn't think tech stocks
will truly recover for another year or two. Based on that forecast, Callahan's
fund has decreased its technology holdings to 12 percent from 33 percent.

"People are just gradually realizing that this is a new market," Callahan said.
"It's just not the time for tech stocks to lead."

That's disconcerting to companies like Navidec Inc., a Denver e-commerce service
company that last week announced a stock repurchasing plan as an attempt to
revive its deflated stock price. The company's stock has dropped to $4.50 after
trading at $22.06 last spring.

Typically when a company says it will buy back its own stock, it's an
encouraging sign to investors that management believes in the company's
prospects.

But in Navidec's case, no one cared. The company watched its price drop 15
percent to $4.56 a share on Thursday, the same day it made its announcement.

"It was a bit disappointing," said Ralph Armijo, Navidec's chief executive. He
said the company's profit is increasing, sales are growing and it just sold its
Driveoff.com subsidiary to Microsoft Corp. for $90 million.

"What's occurring today is not anything associated with our business," Armijo
said.

Hanson of RMI.Net said he worries the languishing stock prices of Colorado tech
companies will lead to more layoffs and eventually a downturn in the local
economy.

Thousands of layoffs were announced over the past week nationwide by tech
companies upon announcing disappointing earnings. And in the past few months, a
number of local tech companies, including RMI.Net, Qwest Communications
International Inc., J.D. Edwards, ICG Communications Inc. and Convergent
Communications made job cuts.

Hanson said people are the biggest expense for most companies, and they're what
often gets cut to please Wall Street investors and improve financials. If they
continue, those layoffs will eventually trickle throughout the economy.

"No one is going to come out of this thing, escape this thing, without impact,"
Hanson said. "Everyone is going to be hurt." Small technology companies will
likely be the last to rebound from Wall Street's aversion to technology stocks.
Investors are far more likely to buy stock in companies like Cisco and Microsoft
than in a small company.

"Small-cap stocks are a very risky area to go in," said Fred Holland a principal
of Investment Security Group, an investment advisory firm in Denver. For the
average investor, the small-cap stocks are difficult to find and it is difficult
to judge which ones will be winners. Because small-cap stocks have lower trading
volume, investors also can't get in and out of them as easily, Holland said.


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Small companies not dealing in the public markets may also find that the roads
are now closed to initial public offerings - a path that last year promised
stock market riches.

"The Internet game is probably over, and people are going to have to get money
out of the venture capitalists," said Taylor of Northstar Investments.