Platinum Completes Acquisitionadmin
Platinum Completes Acquisition
Addition of Network Assets and Customers in East Central Alberta
Calgary, Alberta CANADA, November 01, 2013 /FSC/ – Platinum Communications Corporation (PCS – TSX Venture), announced today that it has closed the acquisition of network assets and customers in East Central Alberta from Hybrid Wireless Inc. for $300,000.
Platinum added up to 400 residential and commercial subscribers and 14 new Points of Presence (POPS) consisting of towers, shelters, colocation leases and transmitting gear that will substantially expand its footprint eastward into numerous new communities including Arrowwood, Drumheller, Endiang, Standard and Hussar, amongst others.
With the closing of this acquisition and the previously announced acquisitions of AlbertaHighSpeed, Community Networks and MyCanopy Platinum’s customer base has increased by approximately 50%.
ABOUT PLATINUM COMMUNICATIONS
Platinum Communications Corporation (TSX-V: PCS) is a leading provider of superior quality fixed wireless Internet and Broadband solutions in Alberta. Based in Calgary, Platinum operates a custom-built wireless broadband network that utilizes Next-Generation WiMax technology to bring fast, reliable and affordable Internet services and digital phone solutions to residents and businesses across the Province using licensed and unlicensed spectrum that extends from the north of Grande Prairie to the Alberta/US border and from Medicine Hat to Banff. Platinum caters to urban, rural and remote markets that are often beyond the reach of traditional Internet providers. For more information, please visit our website at www.platinum.ca or call 403-301-4591.
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This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors or uncertainties, many of which are beyond Platinum’s control. Some of these risks and uncertainties may be described in Platinum’s corporate filings (posted at www.sedar.com). Platinum has no intention or obligation to update or revise any forward-looking statements due to new information or events. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For further information please contact:
Bernard Parkinson, CEO
Phone (403) 301-4591
Katherine Kirkup, CFO
Phone (403) 301-4594
Source: Platinum Communications Corporation (PCS) http://www.platinum.ca
To view the press release as a PDF file, please click on the following link:
Source: Platinum Communications Corporation (TSX-V: PCS) http://www.platinum.ca
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Posted: November 1st, 2013 under FSCWIRE.