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Press Release Source: Summus Works, Inc.
Summus Works, Inc. Announces Executed Letter of Intent to Acquire Salt Lake City-Based Telecommunications Company Matrix Management, Inc.
Friday December 1, 6:30 am ET
Acquisition Expected to Add More Than $6 Million in Annual Revenue
SALT LAKE CITY, UT--(MARKET WIRE)--Dec 1, 2006 -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced it has executed a Letter of Intent to acquire the Salt Lake City-based telecommunications company Matrix Management, Inc., owner and operator of Network Management Incorporated (NMI) and Matrix Telecom. The acquisition will expand and diversify Summus' interests into the $2.7 trillion global telecommunications industry. The acquisition is expected to add more than $6 million in annual revenue.
ADVERTISEMENT
NMI is a full-service telecommunications company that specializes in retail and enterprise telecom products and services including domestic and international long distance services, voice over internet protocol (VOIP), pre-paid phone cards, pre-paid wireless, wholesale long distance, residential home services, point of sale activation (POSA), prepaid Visa debit cards, toll free numbers and switch leasing.
Matrix corporate headquarters is a high-tech 60,000 sq. ft. facility located in Salt Lake City, Utah with additional sales and network offices in Los Angeles, California and Miami, Florida. Matrix also manages an OC-48 network employing NACT switching, with a least cost routing (LCR) network and VOIP technology. It houses its switching equipment in the Quinby Building in Los Angeles. For more information, visit www.nmitel.com or call 801-990-0327.
Dr. Alex Parsinia, Matrix co-founder, President & CEO, has an extensive background in senior level management, mergers and acquisitions and more than fifteen years of executive experience in the telecommunications industry.
Management stated that it expects to close the acquisition within the next twenty-one days.
Summus Works, Inc. (Other OTC:SMMW.PK - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Company Contact:
Summus Works, Inc.
Dan Burgess
888-607-9495
Email Contact
http://www.summusworks.com
Investor Relations:
Stuart T. Smith
512-267-2430
Email Contact
http://www.smallcapvoice.com
--------------------------------------------------------------------------------
Source: Summus Works, Inc.
Summus Works, Inc. Announces Executed Letter of Intent to Acquire Salt Lake City-Based Telecommunications Company Matrix Management, Inc.
Friday December 1, 6:30 am ET
Acquisition Expected to Add More Than $6 Million in Annual Revenue
SALT LAKE CITY, UT--(MARKET WIRE)--Dec 1, 2006 -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced it has executed a Letter of Intent to acquire the Salt Lake City-based telecommunications company Matrix Management, Inc., owner and operator of Network Management Incorporated (NMI) and Matrix Telecom. The acquisition will expand and diversify Summus' interests into the $2.7 trillion global telecommunications industry. The acquisition is expected to add more than $6 million in annual revenue.
ADVERTISEMENT
NMI is a full-service telecommunications company that specializes in retail and enterprise telecom products and services including domestic and international long distance services, voice over internet protocol (VOIP), pre-paid phone cards, pre-paid wireless, wholesale long distance, residential home services, point of sale activation (POSA), prepaid Visa debit cards, toll free numbers and switch leasing.
Matrix corporate headquarters is a high-tech 60,000 sq. ft. facility located in Salt Lake City, Utah with additional sales and network offices in Los Angeles, California and Miami, Florida. Matrix also manages an OC-48 network employing NACT switching, with a least cost routing (LCR) network and VOIP technology. It houses its switching equipment in the Quinby Building in Los Angeles. For more information, visit www.nmitel.com or call 801-990-0327.
Dr. Alex Parsinia, Matrix co-founder, President & CEO, has an extensive background in senior level management, mergers and acquisitions and more than fifteen years of executive experience in the telecommunications industry.
Management stated that it expects to close the acquisition within the next twenty-one days.
Summus Works, Inc. (Other OTC:SMMW.PK - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Company Contact:
Summus Works, Inc.
Dan Burgess
888-607-9495
Email Contact
http://www.summusworks.com
Investor Relations:
Stuart T. Smith
512-267-2430
Email Contact
http://www.smallcapvoice.com
--------------------------------------------------------------------------------
Source: Summus Works, Inc.
Antwort auf Beitrag Nr.: 25.852.764 von gino am 01.12.06 13:30:44wer kann mir die News mal kurz zusammenfassend erklären? Welche Kursentwicklung seht ihr heute? Danke!
habe auch gerade die news gelesen, die haben aber über 68,181,572,943 von 80.000.000.000 shares draussen stand 08.06
meint ihr da geht was? werde es mal beobachten.
meint ihr da geht was? werde es mal beobachten.
die sind anscheinend mit ca. 6 Mill. bewertet und es würden laut news nochmal das gleiche dazu kommen. da die jetzt auf 0,0001 stehen, müssten die dann ja auf 0,0002 stehen richtig? 
SPeku
SPeku
Es ist bald erreicht:
Die Anzahl der threads nähert sich der Anzahl der Anbieter dieser Ringel-Taube zu 0.0001
Möglicherweise kommt der Tag des Geldes, wo man zu 0.0001 verkaufen kann.
-ohne mein Obligo-
Die Anzahl der threads nähert sich der Anzahl der Anbieter dieser Ringel-Taube zu 0.0001
Möglicherweise kommt der Tag des Geldes, wo man zu 0.0001 verkaufen kann.
-ohne mein Obligo-
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