Black Box Corporation Announces Merger With Clear Communications, Inc.Business Editors PITTSBURGH--(BUSINESS WIRE)--Oct. 10, 2000 Black Box Corporation (Nasdaq:BBOX) today announced a merger with Clear Communications Clear Communications was a telecommunications company based in New Zealand. Until merging into Telstra's operations in 2001, it was the biggest rival to Telecom New Zealand. , Inc. Established in 1989 in Seattle, Washington The reason for its protection is listed on the protection policy page. , privately held Clear Communications provides technical design, installation and maintenance services for telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. , premise cabling and related products to customers primarily in the greater Seattle Seattle (sēăt`əl), city (1990 pop. 516,259), seat of King co., W Wash., built on seven hills, between Elliott Bay of Puget Sound and Lake Washington; inc. 1869. area. Annual revenues of Clear Communications are approximately $5 million. Commenting on the merger, Fred C. Young, Chief Executive Officer of Black Box Corporation, stated, "We're very excited to further expand our service offering and market share in the Seattle area with Clear Communications. Clear's technical service capabilities are very complimentary to our existing Seattle business. Our expanded operations will be the number one service provider in the area." Brian P. Jackson Jackson. 1 City (1990 pop. 37,446), seat of Jackson co., S Mich., on the Grand River; inc. 1857. It is an industrial and commercial center in a farm region. and Rick B. Walston, owners of Clear Communications, said, "This is an exciting opportunity for all of us at Clear. The merger with Black Box enhances our service offering and will be a direct benefit to our customers both locally and nationally." Mr. Jackson and Mr. Walston will each serve as a Vice President of the Seattle operations, reporting to Jon Durand, President of Black Box Network Services - Seattle/Portland Operations. Mr. Durand commented, "Clear Communications is an organization of high quality professionals with an excellent reputation in telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. and network infrastructure services in the Pacific Northwest. We are very excited about them joining our team." This transaction is being accounted for as a purchase. The purchase price has not been disclosed. Black Box is a leading worldwide technical service provider of network services and related products to businesses of all sizes, servicing customers in 132 countries throughout the world. |
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