خبر جديد وجيد
Reality Wireless Funds Merger Partner`s Business Development Efforts
November 05, 2003 08:50:00 (ET)
CAMPBELL, Calif., Nov 5, 2003 /PRNewswire via COMTEX/ -- Reality Wireless Networks (RWNT) announced today it has co-launched it wireless/landline convergence initiative with merger partner, ICC Internet (ICCI) through ICCI's IElement Group. Ivan Zweig, CEO of IElement and ICCI stated, "We are very excited about the possibilities now that we have received funding from Reality Wireless Networks. This allows IElement and RWNT to jointly stride towards completion of the closing due diligence necessary to complete the merger. During this phase we can jointly accelerate the integration of the combination of IElement's land line based nationwide network with the wireless POP's (points of presence) in each individual market. It allows us to also focus on target acquisitions possessing assets which complement either IElement's or RWNT's current business models." These initial acquisition targets will either have a solid revenue or customer base. The Companies will also begin to assemble, hire or seek out the remaining positions for their management team, crucial to the future organic or acquisition growth of the combined companies.
Zweig added, "This merger allows the convergence of a wireless and wire based network. It is necessary to offer both methods of delivery to your end users to truly be a telecommunications solutions provider. This is a fact whether you are speaking of residential or business based service. With this merger, we can offer both and expand into many markets through a "smart build" approach or jump right into a market through acquisition."
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