Signal Point Holdings Corp. & Roomlinx, Inc. (RMLX) Complete Subsidiary Merger; Newly Formed Company to Re-brand as SignalSha...
April 06 2015 - 8:00AM
Business Wire
Signal Point Holdings Corp., owner and operator of three wholly
owned subsidiaries: SignalPoint Communications, SignalShare and
SignalShare Software Development, today announced completion of its
subsidiary merger with Roomlinx, Inc. (OTCQB:RMLXD), an innovative
developer of media networks and interactive TV (iTV) applications
for the hospitality industry.
Under the terms of the agreement, RMLX Merger Corp. has merged
with and into Signal Point Holdings Corp. (SPHC), with SPHC and its
operating subsidiaries becoming wholly-owned subsidiaries of
Roomlinx (“Company”). In turn, Roomlinx has transferred
substantially all of its assets and liabilities into a
newly-formed, wholly owned subsidiary named SignalShare
Infrastructure, Inc. (SSI). Roomlinx is the parent company of two
main operating subsidiaries: SSI and SPHC.
The newly formed company plans to re-brand in the near future,
changing its name to SignalShare Media Group, with a focus on
designing, building, and operating intelligent internet networks
within a broad range of industries. The Company will also continue
to develop software and deliver content to enhance these networks
and drive revenue for itself and its customers.
With the merger’s close, Aaron Dobrinsky, formerly president of
Signal Point Holdings Corp., has been named CEO and a director of
the Company. Christopher Broderick, formerly COO of Signal Point
Holdings Corp., is now COO and a director of the Company, and
Michael Wasik, formerly Roomlinx’s president and chief executive
officer, became president of the subsidiary, SignalShare
Infrastructure.
“The merger of Signal Point Holdings Corp. and Roomlinx
positions the new company to gain significant market share as the
single source provider for designing and delivering an intelligent
and integrated digital experience across any device - from digital
signage to in-room TV to mobile,” said Dobrinsky. “SignalShare will
be able to leverage its vast network of users for data analytics,
guest engagement, and other revenue-generating opportunities
driving revenue and shareholder value.”
“The benefits of this transaction include increased market
opportunities, operational efficiencies, and product and market
diversity,” said Mike Wasik. “I am excited to have the additional
resources of Signal Point Holdings Corp. to allow us to create an
even stronger value proposition to our target markets, allowing us
to grow faster and drive shareholder value.”
About Roomlinx
Headquartered in Broomfield, Colorado, Roomlinx, Inc. develops
interactive TV applications for the hospitality industry, serving
hoteliers in the United States, Canada and selected global markets.
Roomlinx delivers world-class in-room entertainment technology,
allowing hotel guests to enjoy the best of HD TV, the Internet, PC
functionality and Video on Demand. For more information, visit
www.roomlinx.com.
About Signal Point Holdings Corp.
Headquartered in New York, Signal Point Holdings Corp. owns and
operates three wholly-owned subsidiaries: SignalPoint
Communications, SignalShare Inc. and SignalShare Software
Development. SignalPoint Communications is a prominent provider of
fixed, wired and wireless broadband services to commercial
customers in the United States. The Company provides customers
network access by transmitting data over multiple media spectrums.
Its service supports on-demand and redundant Internet, virtual
private networks, disaster recovery, data bundling and voice
services. www.signalpointcommunications.com
SignalShare Inc. specializes in mobile engagement for mass
audiences. The company optimizes wireless networks and empowers
data-driven digital marketing initiatives to help organizers of
large-scale live events connect with fans and guests in entirely
new ways. SignalShare’s proprietary audience engagement platform,
Live-Fi™, leverages real-time analytics and dynamic messaging to
deliver location-aware customized content – including offers,
discounts and call-to-actions – to attendees’ mobile devices during
events. Top sports, entertainment and corporate brands, including
The Sands Expo, Sacramento Kings, Detroit Red Wings, Indiana
Pacers, IBM and the US Open rely on SignalShare to provide an
exceptional fan experience. www.signalshare.com
SignalShare Development is at the forefront of software
development and data analytics for the fan engagement and high
density wireless deployments. This group encompasses the key
development team for SignalShare’s Web-based mobile fan engagement
application, Live-Fi nGage.
http://www.signalshare.com/
Safe Harbor Cautionary Statement
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements
regarding future events, developments, future performance, as well
as management's expectations, beliefs, intentions, plans, estimates
or projections relating to the future are forward-looking
statements within the meaning of these laws. These forward-looking
statements are subject to a number of risks and uncertainties, some
of which are outlined below. As a result, actual results may vary
materially from those anticipated by the forward-looking
statements. Among the important factors that could cause actual
results to differ materially from those indicated by such
forward-looking statements are: the merged entity's successful
implementation of new products and services (either generally or
with specific key customers), the merged entity's ability to
satisfy the contractual terms of key customer contracts, demand for
the new products and services, the merged entity's ability to
successfully compete against competitors offering similar products
and services, general economic and business conditions; unexpected
changes in technologies and technological advances; ability to
commercialize and manufacture products; results of experimental
studies research and development activities; changes in, or failure
to comply with, governmental regulations; the ability to obtain
adequate financing in the future; the merged entity's ability to
establish and maintain strategic relationships, including the risk
that key customer contracts may be terminated before their full
term; the possibility of product-related liabilities; the merged
entity's ability to attract and retain qualified personnel; the
merged entity's ability to maintain its intellectual property
rights and litigation involving intellectual property rights; risks
related to third-party suppliers; the merged entity's ability to
obtain, use or successfully integrate third-party licensed
technology; breach of the merged entity's security by third
parties; risks related to the merger not closing for any reason and
the potential effects on customers, suppliers and other
stakeholders, including Company creditors; and the risk factors
detailed from time to time in the merged entity's reports filed
with the Securities and Exchange Commission, available through the
web site maintained by the Securities and Exchange Commission at
www.sec.gov. Roomlinx undertakes no obligation to update publicly
any forward-looking statement, whether as a result of new
information, future events or otherwise.
SignalShareJennifer Deitsch, +1 919-424-6066 ext.
235press@signalshare.com
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