Bizcom U.S.A. Announces Acquisition of 37 Additional 220 MHz SMR Licenses.Business Editors/High-Tech Writers FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--July 25, 2003 Bizcom U.S.A., Inc. ("Bizcom or the "Company") today announced that it has acquired thirty-seven 220 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. Special Mobilized Radio ("SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on ") FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. licenses, including one Regional Economic Area license, and related equipment. The Company also purchased advances due from two unrelated parties with an approximate value of $1.2 million in the transaction. The Company paid the approximate $6.5 million purchase price, including the assumption of certain obligations totaling $800,000, with 2,274,000 shares of Bizcom restricted common stock. Hank Klein, Bizcom's Chairman and 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. , stated, "The Company is very excited about the acquisition of this spectrum which is now available to help provide additional communications and wireless data capabilities for our customers in the public safety and private sectors. This now brings our total licenses to 126 in 15 states, including the Regional Economic Area license in the Mid-Atlantic Region encompassing 11 states." The 220 MHz SMR band has numerous benefits as opposed to other frequencies, including an improved range and increased area coverage, more effective navigation of the terrain, lower cost of infrastructure and clear, open, available spectrum. As a result, emergency management and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States managers can be offered a wireless communications platform for data or voice that will be stable and reliable during major incidents within both major metropolitan and rural areas. Bizcom recognizes the importance of wireless data and is currently working toward integrating remote sensing capabilities for weather, chemical, biological, or radiation detection into its software applications. It is also utilizing its spectrum to deliver asset management tracking, and short message dispatch. Bizcom is a solutions provider in the fields of emergency and event management software. With headquarters in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , Bizcom helps to resolve critical infrastructure and public safety incident management and operational needs through wireless communications and information management software. In addition to its footprint of 220 MHz SMR spectrum, Bizcom also supplies efficient 220 MHz radio systems including mobile radios for voice and data transmission, portable radios, and base station radio repeaters for conventional and trunked operations in private, commercial, and public safety sectors as well as utilities. For more information, visit http://www.bizcomusa.net Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The forward-looking statements set forth above involve risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed from time to time in the Company's press releases, and public filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update such forward-looking statements. |
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