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To: Glenn Petersen who wrote (1742)	7/9/2008 7:41:59 PM
From: Glenn Petersen	Respond to of 3862

DIRECTV has completed the acquisition of 180 Connect, which was acquired by Ad.Venture Partners in August 2007. Ad.Venture Partners raised $54 million when it went public in August 2005. DIRECTV Acquires Significant Portion of Its Installation Network with Close of 180 Connect and UniTek USA Transactions Wednesday July 9, 10:26 am ET With New Wholly-Owned Installation Subsidiary DIRECTV to Build on Its Industry-Leading Customer Satisfaction EL SEGUNDO, Calif.--(BUSINESS WIRE)--DIRECTV, Inc. and 180 Connect Inc. have completed the previously announced transaction enabling DIRECTV, the nation’s leading satellite television service, to gain control over a significant portion of its installation and home service network. With the acquisition of 100 percent of its outstanding common stock, 180 Connect, one of North America’s largest providers of installation, integration and fulfillment services to the home entertainment, communication, and home integration service industries, becomes a wholly-owned subsidiary of DIRECTV. In a related transaction, UniTek USA, LLC has acquired 180 Connect’s cable services operating unit and certain DIRECTV installation services from DIRECTV, in exchange for UniTek’s satellite installation services in New York, Burbank, California and Bloomington, California and cash. “With the close of the 180 Connect agreement, we’ve taken an important step toward developing the best installation network in the industry and further enhancing customer satisfaction,” said Mike Palkovic, executive vice president, Operations, DIRECTV, Inc. “Improving the service experience for our customers is as important as anything we do on the technology and content side of our business and we believe we will now be in a stronger position to better understand and meet the challenges of providing a high-quality experience for our customers.” Through the transaction, DIRECTV gains control of one of its largest installation and home service providers and transitions approximately 3,200 employees in 46 U.S. market locations, throughout California, Colorado, Oregon, Washington, Utah, Montana, Idaho, Wyoming, Arkansas, Virginia, Hawaii, Western Pennsylvania and New Jersey. Prior to the acquisition, DIRECTV had outsourced all its installation service operations through 12 home service provider companies. <snip> biz.yahoo.com