Goodman Networks Acquires Design Build Technologies

PLANO, Texas, Aug. 8, 2013 /PRNewswire/ -- Goodman Networks, a leader in the design, engineering, deployment, integration and maintenance of wireless telecommunication networks, announced today the acquisition of the assets and workforce of Design Build Technologies (DBT), a full-service wireless construction company that builds and maintains communications towers for major network operators across the Southeast United States.

As wireless data traffic grows and capacity continues to be constrained, demand for tower resources nationwide is expected to remain strong. The addition of DBT's assets and workforce augments Goodman Networks' existing "self-perform" capabilities.

"We are in the midst of an exciting time where network operators–fueled by consumer demand for connectivity and bandwidth–are focused on making 4G services ubiquitous in the markets they serve," said Ron Hill, President and CEO, Goodman Networks. "In order to continue to serve as the trusted strategic partner to today's top service providers, we must do everything we can to ensure we have the skills and available resources necessary to fulfill our customer commitments.  The addition of the DBT assets represents a powerful complement to our existing capabilities and enhances our ability to serve our customers in today's dynamic telecommunications environment."

"We are very pleased to be part of Goodman Networks," said Dale Williams, President and Founder of DBT. "Goodman Networks is a world-class organization with deep expertise deploying wireless networks. We believe that combining our interests with Goodman Networks will be beneficial to our customers, vendors and employees, and that Goodman's high-growth profile, financial strength, strong leadership and ability to manage large-scale projects will provide opportunities for our team members and a more robust set of solutions for our customers."

This acquisition represents another example of Goodman Networks' strategy to grow through acquisition.  In February, Goodman Networks acquired the Services Division of Cellular Specialties, Inc., a leader in Small Cell and DAS deployments, and in May the company announced a definitive agreement to acquire publicly-held Multiband Corporation, which is anticipated to close in the third quarter of 2013.

The former DBT employees will be part of Goodman Networks' Infrastructure Services Division operating in the Southeast region. 

About Goodman Networks:

Goodman Networks, a TL9000-V (R5.0) registered telecommunications Services Company, helps its customers engineer, deploy, integrate and maintain complex and converging networks.  Since its founding in 2000, Goodman Networks has grown to become one of the largest end-to-end communications solutions providers in the United States.  The growth of Goodman Networks is a reflection of its reputation for completing communication projects with industry-leading quality and on-time performance metrics at competitive prices.  As a leader in telecom services innovation and integration, Goodman Networks is committed to continual investment in its people, processes and systems.  Additional information can be found at www.goodmannetworks.com.

Forward-Looking Statements

In addition to statements of historical fact, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements reflect Goodman Networks' expectations or beliefs concerning future events and are subject to uncertainties and risks that could cause actual results to differ materially from those set forth in the forward-looking statements including, but not limited to, the ability to integrate the assets and employees of DBT into Goodman Networks, the possibility that Goodman Networks does not realize the expected benefits from the acquisition of DBT and its employees when anticipated, or at all, operating performance, general financial, economic, and political conditions affecting Goodman Networks' business and its target industries, the ability of Goodman Networks to perform its obligations under its contracts and agreements with customers, the possibility that the proposed acquisition of Multiband Corporation does not close when expected, at all or on the terms expected, and other risks described in Goodman Networks' registration statement on Form S-4 on file with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and Goodman Networks disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Goodman Networks Contacts:

Media Relations – Charlie Guyer, Vice President, Communications, [email protected], 617-599-8830

SOURCE Goodman Networks