Concierge Technologies Embarks on Vertical Integration Plan to Include Wireless Broadband and a Voice/Data Wireless Device.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--Jan. 14, 2004 Concierge Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNCG CNCG Comisión Nacional para el Cambio Global CNCG Concentrated Non-Condensable Gas ) confirms today that it has been in negotiations to acquire several private companies operating wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 networks in Colorado, Utah and Arizona, as well as a development stage company involved in the design and production of a hand-held wireless voice/data/Internet appliance utilizing GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. and Wi-Fi over-the-air technologies. A business combination has been proposed and accepted by the parties and the Company is moving to complete the other aspects of the proposed transaction. Concierge Technologies ("CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ") has been pursuing a consolidation strategy of start-up and development stage enterprises in the personal communications space for the past year and those efforts have resulted in the negotiations now underway. Although Letters of Intent have been entered into between the companies, significant benchmarks must be achieved prior to consummating the proposed transaction. Such prerequisites include, but are not limited to, the approvals from the respective Boards of Directors, shareholder approval, regulatory approval, completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and the availability of financing. CTI has retained a financial advisor to assist with sourcing needed capital, and the increased awareness of the company within the financial community may, in part, be responsible for the recent rise in trading activity for CNCG. CTI will release further information on the progress of its consolidation plan and financing when, and if, significant events unfold. For current product information please visit the company website at www.conciergetech.com. |
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