SALT LAKE CITY (March 9) BUSINESS WIRE -March 9, 1999--PrimeSource
Communications Holdings Inc. (OTC BB:PSCM) announced today that it will
acquire all of the outstanding shares of an affiliated company,
UniQuest Communications Inc.
UniQuest was founded in 1994 as an authorized agency of UniDial
Communications Inc., selling UniDial's long distance, Internet and
related telecommunications services. UniQuest now has several hundred
customers nationwide and counts Ohio Benefits Group, The Sally Jesse
Raphael Show and the rock group Kansas among its larger customers.
Telecommunications billings provided by UniQuest customers exceeded
$1.3 million in 1998.
UniDial offers all businesses and consumers state-of-the-art
telecommunications services and the most comprehensive customer service
in the industry. Founded in 1993, UniDial is known as one of the
largest telecommunications resellers in the industry, serving customers
from coast to coast. UniDial was recently named by Inc. magazine as
America's 19th fastest-growing private company of 1998.
"The telecommunications business is booming, and companies like
PrimeSource and UniQuest are in the perfect position to reap the
benefits of this great market," said J. Sherman Henderson, III,
president and chief executive officer of UniDial and twice chairman of
the Telecommunications Resellers Association. "The leaders of
PrimeSource and UniQuest have made some good decisions and proven they
have what it takes to compete. They have been very successful UniDial
Agents for us so far, and I look forward to what their expanded
resources will bring to their company -- and ours."
"Aligning ourselves with a company of UniDial's stature as a top-notch
provider of quality telecommunications services was the next logical
step toward offering a complete package of solutions to our global
customers," said Thomas E. Aliprandi, PrimeSource president and CEO.
"The acquisition of UniQuest Communications greatly enhances our
position as a leader in the digital solutions marketplace."
About PrimeSource
PrimeSource Communications Holdings Inc. applies digital technology in
providing automated forms processing, custom browser-based Internet
solutions and communications systems to facilitate efficient business
processes. PrimeSource, as a Web-centric solutions provider, services
innovative companies by converting analog data into actionable digital
information.
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Rebecca Clyde, 801/765-1500
rclyde@brodeur.com
or
Makenna Delaney & Sullivan Inc.
Eric Horton, 760/931-2500
info@venturefinance.com
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