TeleFix Communications Announces Intent to Acquire Market Share Through M&A
14 June 2012 - 12:08AM
Marketwired
(PINKSHEETS: TLFX) TeleFix Communications Holdings, Inc. announced
today it expects to complete acquisition of VOM Solutions, LLC, a
Technical Services Firm with access to a substantial team of
engineers that are expertise ready, poised to assist in the $80
billion mobile wireless networks upgrade market. This reflects the
Company's effort to acquire $18 million in target acquisitions.
In the wireless services industry, two things are important for
success: A) Maintaining relationships with the major carriers and
equipment manufacturers B) Attaining market share through
acquisition to build capacity
Mr. Rob Chimsky, inCode Telecom Vice President and CTO, stated,
"The demand for wireless services is growing much faster than the
ability to implement highly trained labor pools. This necessity is
prudent. The industry is at an inflection point that is perhaps
more significant than at any juncture in North American telecom
history. Incremental revenue is shifting from voice to data."
TLFX will acquire VOM at five times book with cash and/or common
stock based on completion of an independent audit. According to
TLFX, the M&A profile and criteria will be with a focus on
immediate ROI as existing and new contracts are implemented.
TeleFix Communications Holdings, Inc., launched in 2010, is a
certified woman-owned, minority business enterprise in the business
of planning, designing, building, installing, and maintaining the
networks for mobile wireless and critical communications.
To learn more please visit our website at
www.TeleFixCommunications.com
This report includes forward-looking statements covered by the
Private Securities Litigation Reform Act of 1995. Because such
statements deal with future events, they are subject to various
risks and uncertainties and actual results for fiscal year 2010 and
beyond could differ materially from the Company's current
expectations. Forward-looking statements are identified by words
such as "anticipates," "projects," "expects," "plans," "intends,"
"believes," "estimates," "targets," and other similar expressions
that indicate trends and future events. Factors that could cause
the Company's results to differ materially from those expressed in
forward-looking statements include, without limitation, variation
in demand and acceptance of the Company's products and services,
the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic
conditions beyond the Company's control, timing of the completion
and integration of acquisitions, the consequences of competitive
factors in the marketplace including the ability to attract and
retain customers, results of the initiative and other
cost-containment strategies, and the Company's success in
attracting and retaining key personnel. The Company undertakes no
obligation to revise or update forward-looking statements as a
result of new information since these statements may no longer be
accurate or timely.
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