I haven't seen any references here to the Sep. 12 acquisition.
The Brooktrout news, even though devoid of numbers, is obviously a current catalyst. As long as funds are looking for underfollowed small cap stories, the ILNKs out there will benefit. I know of several funds that have and/or are considering purchases.
ILink's webpage has an interesting (if generic) section on their business plan: i-link.net
And just for the record, their VoIP acquisition from Sep 12th:
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Medcross Completes Acquisition of MiBridge, Inc.
SALT LAKE CITY--Medcross, Inc. (NASDAQ:ILNK), to be renamed I-Link Incorporated ("I-Link"), today announced that it has completed its acquisition of MiBridge, Inc., a New Jersey-based leader in telephone communications technology.
I-Link acquired all of MiBridge's outstanding stock in exchange for I-Link (Medcross) shares and cash totalling just over $8,000,000.
Dror Nahumi, MiBridge's president and founder, will continue to direct the activities of MiBridge which will become I-Link's research and development arm, and will serve as I-Link's vice president of Emerging Technologies.
Nahumi, whose career has included affiliations with Bell Laboratories, AT&T and Lucent Technologies, is an internationally-recognized pioneer in telecommunications technologies.
MiBridge licenses certain of its technologies to leading players in the communications industry including, among others, Lucent, eFusion, and Analogic, bringing to I-Link both revenue opportunities and the basis for ongoing strategic relationships.
"I believe our acquisition of MiBridge will be viewed as one of the most important decisions we have made in the development of I-Link," said Medcross chairman and CEO John Edwards.
"While the existing technology MiBridge brings to us is important, the creative talent that is now available to us through Dror Nahumi and his development team will have an even greater impact on the revolutionary communications products and services I-Link will be able to deliver as we go forward."
Said Nahumi, "We at MiBridge are excited to join forces with I-Link and become part of the I-Link family. Many companies are doing a lot of talking about developing and being able to deliver next-generation, low cost, high quality telecommunications services. I-Link is actually doing it.
"We are seeing our technologies incorporated as a functioning part of I-Link's working communications network that is delivering high-quality services to customers today. We believe in the future of I-Link."
MiBridge brings to I-Link patent-pending compression, encoding and audio conferencing technologies that improve and expand I-Link's dedicated communications network capabilities, and accelerate I-Link's ability to develop and deliver additional enhanced services to users across its dedicated communications network.
I-Link provides communications capabilities to residential, business and wholesale customers via both a proprietary communications network established by I-Link that operates in the same manner as the Internet (the "I-Link Intranet") and traditional switched telecommunications networks, resulting both in reduced costs of delivery and the capability of providing the type of enhanced services traditionally available only over a computer network.
I-Link has developed patent-pending technology and has deployed a national network infrastructure of communications equipment and dedicated lines that enable it to route traditional telecommunications services over the I-Link Intranet in a manner that is transparent to the user, utilizing the user's existing telecommunications equipment.
MiBridge's compression and encoding technology forms a portion of the backbone of the I-Link Intranet. Currently, approximately half of I-Link's telecommunications services are delivered across the I-Link Intranet, with the balance delivered by volume purchasing of capacity on other switched telecommunications networks. I-Link expects to continue to increase the percentage of its communications traffic over the I-Link Intranet.
I-Link is a new kind of communications company delivering services that reduce costs while preserving traditional reliability and enhancing functionality. By utilizing its own intranet communications network and technology and traditional telecommunications networks, I-Link more effectively delivers traditional and emerging communications services.
I-Link products and services include both traditional telecommunications services such as long-distance, toll-free calling, and calling/travel cards, as well as the V-Link(TM) platform of enhanced services integrating voice mail, e-mail, paging, intelligent faxing, fax-on-demand, voice-on-demand, teleconferencing and Internet services.
For more information on the company, visit I-Link's web site at i-link.net, or call the I-Link Fax on Demand service at 801/238-0800.
Regards-
Steve |
