Good morning and belated Happy Birthday, Wayne. If you don't mind my asking, how old are you? I just had one myself, now 53.
PS,
News out after the bell Friday on LMKI. My guess is we'll try $1 again today. Low float makes this one very jumpy.
___________________________________
(COMTEX) B: LMCI ANNOUNCES ACQUISITION OF MOBILENETICS CORPORATION
SANTA ANA, Calif., May 7 /PRNewswire/ -- Landmark Communications, Inc.
(OTC Bulletin Board: LMKI) announced today an agreement to acquire
MobileNetics Corporation (http://www.mobilenetics.com) a National
Network Service Provider and Systems Integrator with favorable
contracts with Level 3 Communications, Covad Communications and Winstar
Communications. Landmark Communications, an Internet Service Provider,
offers high speed connectivity to the Internet via DSL and T-1.
Landmark Communications provides subscribers with the personal
attention and service required 24 hours a day, 7 days a week. Landmark
Communications' proven sales and marketing expertise coupled with the
technical abilities of MobileNetics will create the foundation of a new
company focused on integrating high speed, reliable and scalable data,
voice and video services using the latest best of breed broadband
networking technologies for customers comprising the multi-billion
dollar telecommunications market. Additionally, the company will
provide end-to-end electronic business services including solutions
consulting, business process management, integrated supply chain tools
and web hosting integration/outsourcing services through its Systems
Integration division.
The new name of the corporation will be LMCI Communications to reflect
the new image. Bill Kettle, president of Landmark Communications, Inc.
will be Chairman of the Board for LMCI. Bryan Turbow, president of
MobileNetics Corporation, will be president and CEO of LMCI. Maria
Kettle will be Executive Vice President of Marketing, responsible for
managing the national agent and reseller programs.
Bryan Turbow, the new president of LMCI, plans to expand sales and
marketing efforts into 26 major markets outside the Southern California
region. The first of these markets to open will be New York, followed
by San Francisco, Chicago and Washington D.C.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). In particular when used in the preceding discussion, the words
"plan," "confident that," "believe," "expect," "intend to," and similar
conditional expressions are intended to identify forward-looking
statements within the meaning of the Act and are subject to risks and
uncertainties, and actual results could differ materially from those
expressed in any forward-looking statements. Such risks and
uncertainties include, but are not limited to, market conditions,
competitive factors, the ability to successfully complete additional
financings, and other risks.
SOURCE Landmark Communications, Inc.
-0- 05/07/99 /CONTACT: Bill Kettle of
Landmark Communications, Inc., 949-475-4500/
/Web site: mobilenetics.com /Web site:
lmci.net
(LMKI)
CO: Landmark Communications, Inc.; MobileNetics Corporation ST: |
