Platinum Completes Acquisition of Pathcom
January 10 2014 - 4:22PM
Business Wire
Platinum Communications Corporation (TSX-V: PCS)
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 COMMUNICATIONSPlatinum 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.
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 pleasecontact:
Bernard Parkinson, CEOPhone (403)
301-4591
Katherine Kirkup, CFOPhone (403)
301-4594
http://www.platinum.ca
Platinum Communications CorporationBernard Parkinson,
403-301-4591CEObparkinson@platcom.caorKatherine Kirkup,
403-301-4594CFO