Platinum Completes Acquisition
02 November 2013 - 12:30AM
Business Wire
Addition of Network Assets and Customers in
East Central Alberta
Platinum Communications Corporation (TSX-V: PCS)
announced today that it has closed the acquisition of network
assets and customers in East Central Alberta from Hybrid Wireless
Inc. for $300,000.
Platinum added up to 400 residential and commercial subscribers
and 14 new Points of Presence (POPS) consisting of towers,
shelters, colocation leases and transmitting gear that will
substantially expand its footprint eastward into numerous new
communities including Arrowwood, Drumheller, Endiang, Standard and
Hussar, amongst others.
With the closing of this acquisition and the previously
announced acquisitions of AlbertaHighSpeed, Community Networks and
MyCanopy Platinum’s customer base has increased by approximately
50%.
ABOUT PLATINUM COMMUNICATIONSPlatinum Communications Corporation
(TSX-V: PCS) is a leading provider of superior quality fixed
wireless Internet and Broadband solutions in Alberta. Based in
Calgary, Platinum operates a custom-built wireless broadband
network that utilizes Next-Generation WiMax technology to bring
fast, reliable and affordable Internet services and digital phone
solutions to residents and businesses across the Province using
licensed and unlicensed spectrum that extends from the north of
Grande Prairie to the Alberta/US border and from Medicine Hat to
Banff. Platinum caters to urban, rural and remote markets that are
often beyond the reach of traditional Internet providers. For more
information, please visit our website at www.platinum.ca or call
403-301-4591.
This news release may contain forward-looking statements. These
forward-looking statements do not guarantee future events or
performance and should not be relied upon. Actual outcomes may
differ materially due to any number of factors or uncertainties,
many of which are beyond Platinum's control. Some of these risks
and uncertainties may be described in Platinum's corporate filings
(posted at www.sedar.com). Platinum has no intention or obligation
to update or revise any forward-looking statements due to new
information or events. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
For further information please contact:
Bernard Parkinson, CEO Katherine Kirkup, CFO Phone (403)
301-4591 Phone (403) 301-4594
Platinum Communications Corp.Bernard D. Parkinson,
403-301-4591CEObparkinson@platcom.ca
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