Wechsler Harwood Halebian & Feffer LLP Commences Class Action Suit Against Log On America, Inc.

Wechsler Harwood Halebian & Feffer LLP has commenced a class action lawsuit in the United States District Court for the District of Rhode Island, on behalf of purchasers of Log On America, Inc. ("Log On America" or the Company") (NASDAQ: LOAX) securities between April 22, 1999 and November 20, 2000, inclusive, against defendants Log On America, David R. Paolo (Chairman, Chief Executive Officer and founder), and Kenneth M. Cornell (Chief Financial Officer).

The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, by issuing materially false and misleading statements to the market. Specifically, throughout the Class Period, defendants repeatedly issued statements indicating that, among other things, the Company was on track to achieve the goals of its business plan and that it was successfully growing its service offerings and customer base through its numerous acquisitions. The complaint alleges that these statements were materially false and misleading because, among other things, they failed to disclose or misrepresented (a) that the revenues the Company was generating from its customer base, which was predominantly consumer-focused, were not sufficient to offset the extensive capital costs that the Company was incurring in order to build out its network and provision its products; (b) that the Company's ``growth-by-acquisition' strategy was not meeting with success as the Company had acquired a collection of disparate businesses which it was unable to effectively integrate into its existing business; (c) that the Company was experiencing weakening demand for its products and services and was attempting to transition into different markets in order to reinvigorate its sales growth; and (d) that as a result of the foregoing adverse factors, the Company would not be profitable in the near-term, if at all, and would have to completely restructure its operations and slash costs.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Log On America securities during the Class Period. If you purchased or otherwise acquired Log On America securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. If you purchased Log On America securities during the Class Period, you may, no later than January 18, 2002, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiffs." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 60 attorneys in various practice areas; and offices in Chicago, New Jersey, New York City, San Diego and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions, please contact:

    Wechsler Harwood Halebian & Feffer LLP
    488 Madison Avenue 8th Floor
    New York, New York  10022
    Phone: 877-935-7400 (Toll Free)

    Patricia Guiteau, Wechsler Harwood Shareholder Relations Department:
    pguiteau@whhf.com.

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SOURCE: Wechsler Harwood Halebian & Feffer LLP

Contact: Patricia Guiteau of Wechsler Harwood Halebian & Feffer LLP
Shareholder Relations Department, pguiteau@whhf.com, or +1-877-935-7400 (Toll
Free)

Website: http://www.whhf.com/