Apex Sight LLC Terminates Letter of Intent to Be Acquired by Voip Inc.FALLBROOK, Calif. -- Apex Sight LLC has terminated discussions with VoIP Inc. (VOII.OB) regarding a possible merger. After extensive time delays and due diligence, Apex Sight LLC is withdrawing from the proposed merger. Henry Cooper, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Apex Sight LLC stated, "After spending considerable time and expense, it was determined that the long term value for the shareholders of Apex Sight LLC would not recognize the potential returns on their investment by completing the merger. Our course and path of greatest success is in staying as a private company." About Apex Sight LLC Apex Sight LLC is the leading manufacturer of high-speed, wireless fidelity (WiFi) products for the growing wireless local area networking (WLAN See wireless LAN. WLAN - wireless local area network ), public WLAN (PWLAN PWLAN Public Wireless Local Area Network ) and wireless Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (WISP) markets. |
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