BETHESDA, Md., July 15 /PRNewswire-FirstCall/ -- MobilePro Corp.
(OTC Bulletin Board: MOBL) announced today the company has closed its
acquisition of Ticon.net, a Janesville, Wisconsin-based Internet service
provider with operations in Janesville and Milwaukee (http://www.ticon.net ).
The deal is forecast to add more than 15,000 subscribers, $2 million in
annualized revenue and an estimated one-quarter of a cent per share to
MobilePro's annualized pre-tax earnings. The terms of the transaction were
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )
Jay Wright, MobilePro president and CEO, said, "Ticon.net is in our view
an exceptionally well-run ISP which we are pleased to welcome to the MobilePro
family. We are looking forward to continuing Ticon.net's tradition of superior
customer service to over 15,000 Wisconsin customers as well as expanding into
neighboring states over time."
Founded in 1997, Ticon.net offers T-1 and dial-up Internet access for
individuals and businesses throughout the state of Wisconsin. Ticon.net is
based in Janesville with facilities in both Janesville and Milwaukee.
About MobilePro Corp.
MobilePro Corp. is a wireless technology and broadband telecommunications
company based in Bethesda, MD with operations in Hurst, Houston, Dallas and
Beaumont, TX; Coshocton, OH; Kansas City, MO; and Shreveport, LA. The company
is focused on creating shareholder value by developing innovative wireless
technologies, acquiring and growing profitable broadband telecommunications
companies and forging strategic alliances with well-positioned companies in
complementary product lines and industries. With the acquisition of Ticon.net,
MobilePro has closed eight transactions in 2004 with cumulative annualized
revenue of more than $11 million.
An investment profile about MobilePro Corp. may be found online at
For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040.
For investor relations information, contact Frank Hawkins or Julie Marshall,
Hawk Associates, at (305) 852-2383, email: firstname.lastname@example.org. Detailed
information about MobilePro can be found on the website
http://www.mobileprocorp.com. An online investor kit including copies of
MobilePro press releases, current Level II price quotes, interactive Java
stock charts and other valuable information for investors may be found on the
websites http://www.hawkassociates.com and http://www.hawkmicrocaps.com.
This release contains various forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 which represent the company's expectations or
beliefs concerning future events of the company's financial performance. These
forward-looking statements are further qualified by important factors that
could cause actual results to differ materially from those in the forward-
looking statements including MobilePro's ability to obtain future financing on
favorable terms, changes in the wireless and telecommunications industries
that compel it to alter its present business strategy, MobilePro's ability to
attract management capable of implementing its existing or future business
strategy and the risk factors set forth in MobilePro's SB-2 registration
statement. Results actually achieved may differ materially from expected
results included in these statements as a result of these factors or others.
SOURCE MobilePro Corp.