Platinum Completes Acquisition of Pathcomadmin
Platinum Completes Acquisition of Pathcom
Calgary, Alberta CANADA, January 10, 2014 /FSC/ – Platinum Communications Corporation (PCS – TSX Venture), announced today that it has completed the previously announced acquisition of the management group, engineering team and operating assets of Pathcom Wireless Inc. (Pathcom) for $800,000 by payment of $600,000 cash and a promissory note for $200,000.
With this complementary acquisition Platinum will strengthen its wireless engineering expertise; enhance and diversify its revenue streams; and, augment its high capacity broadband presence in the Peace River and Fort McMurray regions in Northern Alberta.
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 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: January 10th, 2014 under FSCWIRE.