TeleFix Communications Announces Intent to Acquire Market Share Through M&A
(firmenpresse) - DALLAS, TX -- (Marketwire) -- 06/13/12 -- (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.
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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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TeleFix Communications Holdings, Inc.
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Datum: 13.06.2012 - 08:08 Uhr
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News-ID 1124017
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