NNRF Acquires Wi Fi Company
25 February 2015 - 3:10AM
Business Wire
NNRF, Inc. (OTC PINK: NNRI) announced today that it has acquired
100% of the shares of the privately held corporation, Brookside
Pershing, Inc., and its wholly owned subsidiary Spectrumlink, Inc.
(www.spectrumlink.net). Through this acquisition, NNRF will acquire
a high speed internet and phone (VoIP) business which utilizes the
latest state of the art technology of fixed wireless and fiber
optic networks.
“We have looked at a lot of different businesses that would
bring value to our current shareholders, and Brookside Pershing
brings a dynamic that I believe will bring a lot of growth to the
company,” said NNRF CEO, Kevin Kading.
Brookside Pershing, Inc. is a holding company that invests in
technology and media companies. Brookside Pershing recently
completed its acquisition of Spectrumlink. “I’m excited about the
timing to be in the Wi-Fi market,” commented Brookside Pershing CEO
and Spectrumlink President, Nyhl Henson, “There are a lot of
advantages to being in the industry right now. Between legislative
changes and advancements in technology, and the planned expansion
in Muni Wi-Fi, our timing couldn’t be better.”
Spectrumlink launched its service in downtown Los Angeles last
year from its technology center located at One Wilshire, along with
a second site at 900 Alameda. The company has targeted the downtown
district to offer its service and has opened its corporate offices
in Downey, California. Spectrumlink will offer its services to the
5,000 businesses in the Downey-Santa Fe Springs-Whittier triangle
this summer.
"Our business model is to provide business owners nationwide,
large and small, a better, cheaper and faster broadband service,”
stated Spectrumlink founder, Bernard Smith-Mayfield.
About NNRF, Inc.
NNRF, Inc. (OTC PINK: NNRI). The company is a diversified
holding company with business operations and investments.
FORWARD-LOOKING STATEMENTS:
Certain of the above statements contained in this press release
are forward-looking statements that involve a number of risks and
uncertainties. Such forward-looking statements are within the
meaning of that term in Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Readers are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those indicated in the forward-looking statements as a result of
various factors.
For NNRF, Inc.Investor RelationsDiane Hufferd,
515-777-1171DianeHufferd@yahoo.com
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