Micron Electronics, Inc. (Nasdaq:MUEI) and Interland, Inc. (Nasdaq:ILND) announced that the companies' Joint Proxy Statement/Prospectus relating to the previously announced acquisition of Interland by Micron Electronics has been declared effective by the Securities and Exchange Commission and filed electronically.

The companies announced the signing of a definitive merger agreement on March 23, 2001.

The companies also announced that on May 11, 2001, the waiting period for antitrust review of the proposed acquisition under the Hart-Scott-Rodino Act expired without inquiry from the Department of Justice.

Proxy materials will be mailed to shareholders on July 6, 2001. The companies will hold shareholder meetings on August 6, 2001 for shareholders of record on July 2, 2001, to vote on the transaction. The meeting for Interland shareholders will take place at 9:00 a.m. (EDT) at Interland headquarters, 303 Peachtree Center Avenue, Atlanta. The meeting for Micron Electronics shareholders will take place at 11:00 a.m. (EDT) at Embassy Suites Atlanta Downtown, 267 Marietta Street, Atlanta.