Deal Further Expands MOBL Voice Capabilities
BETHESDA, Md., June 22 /PRNewswire-FirstCall/ -- MobilePro Corp.
(OTC Bulletin Board: MOBL) announced today the company has signed a letter of
intent to acquire Affinity Telecom, a competitive local exchange carrier
(CLEC) and long distance provider based in Bloomfield Hills, MI. The deal is
forecast to add more than $6 million in annualized revenue and to be
immediately accretive to MobilePro's earnings. Subject to the signing of
definitive agreements and customary closing conditions, the transaction is
expected to close in July 2004. Terms of the transaction were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )
Kevin Kuykendall, MobilePro's group president for voice services, said,
"As part of our new voice strategy, we are looking to expand our local and
long distance capabilities in the second and third tier markets while adding
to our subscriber base in unique and defensible niches. We believe we
accomplish both goals with this acquisition. Affinity Telecom has, in our
view, a highly effective marketing model that seeks rapid growth and efficient
customer acquisition through its 'Affinity Partners' program, which includes
the American Red Cross and the Special Olympics. These relationships, combined
with MobilePro's financial capabilities, geographical reach and broad new
product offerings, make for an exciting blend."
Yianni Kopanakis, CEO of Affinity Telecom, said, "We have over 60 Affinity
Partners including faith-based organizations, school districts, large non-
profit organizations and business consortiums. The affinity program concept is
not new, but we believe our relationships with the American Red Cross and
Special Olympics are unique and can be extended across the country. We feel
that we have built a platform that makes for efficient customer acquisition,
increased customer retention and rapid growth. This model was proven in
Michigan and we look forward to increasing the product offering and
geographical reach of our programs as a part of Mobile Pro."
About Affinity Telecom
Affinity Telecom is a socially aware and community-minded communications
company that is licensed to provide telecommunication services in Michigan and
northern Ohio, including local, long distance, Internet, and web hosting
services. Affinity Telecom currently provides comprehensive telecommunications
solutions to over 8,000 businesses and residents. Affinity Telecom
differentiates itself through its marketing model and pricing strategy.
Affinity Telecom markets its products by partnering with various non-profit
organizations including the American Red Cross, Special Olympics and over 40
school districts throughout Michigan and northern Ohio.
About MobilePro
MobilePro Corp. is a wireless technology and broadband Internet services
company based in Bethesda, Maryland, with operations in Hurst, Houston, Dallas
and Beaumont Texas and Shreveport, Louisiana. The company is focused on
creating shareholder value by developing innovative wireless technologies,
acquiring and growing profitable telecommunications companies and forging
strategic alliances with well positioned companies in complementary product
lines and industries.
An investment profile about MobilePro Corp. may be found online at
http://www.hawkassociates.com/mobilepro/profile.htm
For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040.
For investor relations information, contact Frank Hawkins or Julie Marshall,
Hawk Associates, at (305) 852-2383, email: info@hawkassociates.com. Detailed
information about MobilePro can be found on the website
http://www.mobileprocorp.com. An online investor kit including copies of
MobilePro press releases, current Level II price quotes, interactive Java
stock charts and other valuable information for investors may be found on the
websites http://www.hawkassociates.com and http://www.hawkmicrocaps.com.
This release contains various forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 which represent the company's expectations or
beliefs concerning future events of the company's financial performance. These
forward-looking statements are further qualified by important factors that
could cause actual results to differ materially from those in the forward-
looking statements including MobilePro's ability to obtain future financing on
favorable terms, changes in the wireless and telecommunications industries
that compel it to alter its present business strategy, MobilePro's ability to
attract management capable of implementing its existing or future business
strategy and the risk factors set forth in MobilePro's SB-2 registration
statement. Results actually achieved may differ materially from expected
results included in these statements as a result of these factors or others.
الى يعرف يترجم لنا القطعه يزاه الله خير شكله عقد 6 مليون
BETHESDA, Md., June 22 /PRNewswire-FirstCall/ -- MobilePro Corp.
(OTC Bulletin Board: MOBL) announced today the company has signed a letter of
intent to acquire Affinity Telecom, a competitive local exchange carrier
(CLEC) and long distance provider based in Bloomfield Hills, MI. The deal is
forecast to add more than $6 million in annualized revenue and to be
immediately accretive to MobilePro's earnings. Subject to the signing of
definitive agreements and customary closing conditions, the transaction is
expected to close in July 2004. Terms of the transaction were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )
Kevin Kuykendall, MobilePro's group president for voice services, said,
"As part of our new voice strategy, we are looking to expand our local and
long distance capabilities in the second and third tier markets while adding
to our subscriber base in unique and defensible niches. We believe we
accomplish both goals with this acquisition. Affinity Telecom has, in our
view, a highly effective marketing model that seeks rapid growth and efficient
customer acquisition through its 'Affinity Partners' program, which includes
the American Red Cross and the Special Olympics. These relationships, combined
with MobilePro's financial capabilities, geographical reach and broad new
product offerings, make for an exciting blend."
Yianni Kopanakis, CEO of Affinity Telecom, said, "We have over 60 Affinity
Partners including faith-based organizations, school districts, large non-
profit organizations and business consortiums. The affinity program concept is
not new, but we believe our relationships with the American Red Cross and
Special Olympics are unique and can be extended across the country. We feel
that we have built a platform that makes for efficient customer acquisition,
increased customer retention and rapid growth. This model was proven in
Michigan and we look forward to increasing the product offering and
geographical reach of our programs as a part of Mobile Pro."
About Affinity Telecom
Affinity Telecom is a socially aware and community-minded communications
company that is licensed to provide telecommunication services in Michigan and
northern Ohio, including local, long distance, Internet, and web hosting
services. Affinity Telecom currently provides comprehensive telecommunications
solutions to over 8,000 businesses and residents. Affinity Telecom
differentiates itself through its marketing model and pricing strategy.
Affinity Telecom markets its products by partnering with various non-profit
organizations including the American Red Cross, Special Olympics and over 40
school districts throughout Michigan and northern Ohio.
About MobilePro
MobilePro Corp. is a wireless technology and broadband Internet services
company based in Bethesda, Maryland, with operations in Hurst, Houston, Dallas
and Beaumont Texas and Shreveport, Louisiana. The company is focused on
creating shareholder value by developing innovative wireless technologies,
acquiring and growing profitable telecommunications companies and forging
strategic alliances with well positioned companies in complementary product
lines and industries.
An investment profile about MobilePro Corp. may be found online at
http://www.hawkassociates.com/mobilepro/profile.htm
For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040.
For investor relations information, contact Frank Hawkins or Julie Marshall,
Hawk Associates, at (305) 852-2383, email: info@hawkassociates.com. Detailed
information about MobilePro can be found on the website
http://www.mobileprocorp.com. An online investor kit including copies of
MobilePro press releases, current Level II price quotes, interactive Java
stock charts and other valuable information for investors may be found on the
websites http://www.hawkassociates.com and http://www.hawkmicrocaps.com.
This release contains various forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 which represent the company's expectations or
beliefs concerning future events of the company's financial performance. These
forward-looking statements are further qualified by important factors that
could cause actual results to differ materially from those in the forward-
looking statements including MobilePro's ability to obtain future financing on
favorable terms, changes in the wireless and telecommunications industries
that compel it to alter its present business strategy, MobilePro's ability to
attract management capable of implementing its existing or future business
strategy and the risk factors set forth in MobilePro's SB-2 registration
statement. Results actually achieved may differ materially from expected
results included in these statements as a result of these factors or others.
الى يعرف يترجم لنا القطعه يزاه الله خير شكله عقد 6 مليون