Omnicity Corp announced that it’s continuing to move forward with its plan to become the premier consolidator in the WISP industry by signing a Letter of Intent with the wireless division of Solutions Unlimited, Inc. (”SUI”) of New Castle, Indiana. Doing business as “Midwest WISP”, SUI is only one of the next several acquisitions Omnicity plans to announce during the current quarter.
Greg Jarman, CEO of Omnicity, stated, “We are pleased to have worked out a great deal for both Midwest WISP and Omnicity and look forward to bringing their subscribers and infrastructure into the fold. This acquisition adds another important set of assets and an ongoing local marketing presence to our eastern border.”
Over the past six months, Omnicity has more than doubled its subscriber base and revenue, and anticipates doubling its intake again by the end of the year.
Michael Dinkins, President of SUI commented, “The timing is perfect for us to turn over our fixed wireless assets to Omnicity and we have full confidence in their ability to deliver on their business model. We believe in their plan so much that we have chosen to move our assets into an equity investment in Omnicity.”
SUI began operations in 1994 selling computers, network services, dial-up Internet and, in 2003, added high speed fixed wireless services. SUI will continue to sell Omnicity services from their storefront location in New Castle, Indiana as the first step in the Omnicity reseller channel. SUI maintains network services for small and medium businesses in Central Indiana and will market Omnicity services to its clients.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment