Eagle Broadband Acquires Alliance Maintenance & Services Satellite Business
March 23 2007 - 8:11AM
Business Wire
Eagle Broadband, Inc. (AMEX: EAG), a leading national provider of
broadband, Internet Protocol (IP) and digital communications
technology and services, today announced that the company has
acquired the commercial satellite division of Alliance Maintenance
& Services, Inc. Eagle Broadband has acquired Alliance�s
Telecom Services business, which includes providing installation
and services to various commercial customers in the
telecommunications industry. The core business is the installation
of VSAT and broadband satellite systems, providing installation of
copper and fiber network infrastructure, and network support
services such as moves, adds, changes (MACs), demarcation point
extensions, router installations and hardware upgrades. Joe
McFadden, a principal of Alliance stated, �Over the course of
Alliance�s contract with Hughes Net we have installed over 50,000
commercial grade satellite receiver systems throughout the
southwest and southeast parts of the United States. Hughes has been
a great client of ours and Eagle�s strong satellite and video
technology skills will only enhance the relationship and expand the
opportunity for additional installations.� The new business will be
folded into Eagle�s growing IT Services division headed by Tony
Cordaro, whose experience and expertise while heading up Connex
Services led to the successful completion of a 1,200 commercial
satellite system rollout before Connex�s client base was acquired
by Eagle late last year. Cordaro stated, �This is a natural for our
IT Services� growth potential. Immediate, new revenue with a proven
successful business model and premier client partner such as Hughes
Net will be beneficial for Eagle as a whole not just the IT
Services division.� "Our IT Services division is growing rapidly
and this is another key acquisition for us � it is an ideal match
for our capabilities," said Dave Micek, president and CEO of Eagle
Broadband. �We continue to investigate other acquisition
opportunities that will allow us to open doors to new clients and
deepen relationships with existing clients." About Alliance
Maintenance & Services Alliance is a multi-faceted company
offering services to the oil, gasoline, and petro-chemical
industries. They offer Support Services, UST Services, Petroleum
Maintenance, and Environmental Services. For more information on
Alliance Maintenance & Services, Inc. go to:
www.alliance-m-s.net About Eagle Broadband, Inc. Eagle Broadband is
a technology company that develops and delivers products and
services in three core business segments: IPTV -- Eagle Broadband�s
IPTVComplete� provides direct access to more than 250 channels of
high-demand programming from popular entertainment providers, often
using Eagle�s high-definition, set-top boxes. SatMAX� -- Eagle
Broadband�s SatMAX provides indoor/outdoor communications utilizing
the global Iridium-based (www.iridium.com) satellite communications
system. It offers both fixed and mobile solutions, including the
emergency first responder SatMAX Alpha �SatMAX-in-a-suitcase�
technology. IT Services - Eagle Broadband's IT Services Group is a
full-service integrator offering a complete range of network
technology products including VoIP, remote network management,
network implementation services and IT project management services.
For more information on Eagle Broadband, visit
www.eaglebroadband.com. EAGG Forward-looking statements in this
release regarding Eagle Broadband, Inc., are made pursuant to the
�safe harbor� provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including, without limitation, the company�s ability to continue as
a going concern, the company�s liquidity constraints and ability to
obtain financing and working capital on favorable terms, the
continued acceptance of the company�s products, increased levels of
competition, new products and technological changes, the company�s
dependence upon third-party suppliers, intellectual property
rights, and other risks detailed from time to time in the company�s
periodic reports filed with the Securities and Exchange Commission.
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