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Category: US Wireless Online to Acquire VoIPWorks, LLC LOUISVILLE, Ky. and DUBLIN, Ohio, March 10 /PRNewswire-FirstCall/ -- US Wireless Online, Inc. (OTC Bulletin Board: UWRL - News; website ... Acquisition Will Expand Company's Sales Network for Upcoming Product and Service Offerings
LOUISVILLE, Ky. and DUBLIN, Ohio, March 10 /PRNewswire-FirstCall/ -- U.S. Wireless Online, Inc. (OTC Bulletin Board: UWRL - News; website: www.uswirelessonline.com) today announced that it has entered into an agreement to acquire VoIPWorks, LLC. The acquisition is scheduled to close on or before April 15, 2005.
VoIPWorks, LLC (www.voip-works.com) is a partnership of experienced data and telecommunication professionals that assists clients in evaluating and comparing the cost effectiveness, security, and reliability of their current telecom and data networks with available alternatives in their respective industries and/or markets. VoIPWorks specializes in orchestrating the implementation of voice and data technology solutions by utilizing national, regional, and local resources, along with strategic partners, to provide its customers with optimal equipment and/or service upgrades. VoIPWorks has been instrumental in the introduction of hosted VoIP solutions throughout the Midwest. Other VoIPWorks services include: VoIPWorks Data & Telecommunications Audits, LAN Readiness Assessments, IPPBX, and IP VPN services that replace existing VPN or Frame Relay Networks.
By leveraging its carrier-grade Network Operations Center (NOC) and existing wireless broadband infrastructure, U.S. Wireless Online intends to expand the geographic scope of its wireless service offerings, along with its revenue base, by providing premium broadband service options and broadband-dependent applications and services (such as VoIP, security systems and video services) through direct sales, channel sales partnerships and acquisitions within the emerging and highly fragmented wireless broadband industry. The Company is currently engaged in discussions with multiple potential channel sales partners and acquisition candidates.
About U.S. Wireless Online, Inc.
U.S. Wireless Online owns and operates one of the nation's largest wireless Internet broadband networks with a coverage area of approximately 3,000 square miles in an eleven state area including Mississippi, Alabama, Louisiana, Tennessee, Arkansas, Texas, Kentucky, Georgia, Pennsylvania, Ohio and Indiana. The Company provides wireless Internet access and related applications in the rapidly growing wireless broadband industry. U.S. Wireless Online is headquartered in Louisville, Kentucky, where it also owns and operates a carrier-grade network operations center (NOC). More information can be found at www.uswirelessonline.com.
This press release contains certain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, market acceptance of products and technologies, competitive factors, the Company's ability to continue to secure sources of financing and other factors described in the Company's filings with Securities and Exchange Commission. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
For more information on U.S. Wireless Online, Inc. please visit the Company's
website at www.uswirelessonline.com or call (502) 213-3700
Source: Yahoo News (press release) - USA
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