Sanwire Corporation Signs Letter of Intent to Acquire Aero Networks, LLC
TULSA, Okla., May 21, 2013 /PRNewswire/ -- Sanwire Corporation ("Sanwire" or the "Company") (OTCQB: NTMG), a global provider of wireless communications services and data solutions, is pleased to announce the execution of a Letter of Intent to acquire 100% of Tulsa, Oklahoma-based Aero Networks, LLC ("Aero") for equity in Sanwire. The acquisition is expected to close upon completion of the due diligence process.
Aero provides advanced telecommunications and broadband services to rural communities and Native American tribes with focus on public safety, education and healthcare sectors. Aero is a pioneer in delivering 4G/LTE, TV White Space, and advanced wireless technologies. Aero has built a solid foundation of clients and revenue with very strong renewal rates and growth opportunities.
"Sanwire is committed to expanding its inventory of technologies and becoming a leader in our space. With the opportunity to acquire Aero, we have the ability to broaden our business plan and expedite immediate revenue growth," said Naiel Kanno, President and CEO of Sanwire. "We will look for complementary opportunities to vertically integrate our portfolio of companies."
Rick Bjorklund, President and CEO of Aero stated, "We are very excited at the prospect of joining the Sanwire team. There are organic synergies between our two companies and with Sanwire's help we will expedite our growth and market reach." Rick continued, "Jim Bradley and Sam Sibala founded Aero with an admirable mission and vision. It's with great respect that their determination and original thinking lead to this opportunity."
About Aero Networks, LLC
Aero provides advanced telecommunications and broadband services to rural communities and Native American tribes with focus on public safety, education and healthcare sectors. Aero is a pioneer in delivering 4G/LTE, TV White Space, and advanced wireless technologies. For more information, visit us at www.aeronetworks.net.
About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware. Sanwire's vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind - deliver efficient and reliable communications. For more information, visit us at www.sanwire.net.
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Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
SOURCE Sanwire Corporation
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