Cordia Acquires Hong Kong Based Wi-Fi Operator and VoIP Reseller - Triamis Group LTD.ORLANDO, Fla. -- Cordia Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CORG CORG Combat Operations Research Group ), a global communications service provider A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. , announced today that it has closed the acquisition of Triamis Group Ltd. Triamis, based in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , owns and operates one of the largest Wi-Fi networks in Hong Kong and markets International VoIP (Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) service in the Asia-Pacific (APAC APAC Australian Partnership for Advanced Computing APAC Agricultural Policy Analysis Center APAC Asia and Pacific APAC Asian Pacific American Coalition APAC Adapted Physical Activity Council (American Alliance for Health) ) region. Under the terms of the agreement, Triamis' two Executive Directors will become Cordia's APAC Division's Director of Operations and Director of Sales and Business Development. "This acquisition provides Cordia the base to offer our products and services to several key markets in Asia which includes over 40% of the world's internet and broadband subscribers," said Cordia's 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. Joel Dupre. "We are excited about this transaction because we believe we can build on Cordia's global market reach by leveraging Triamis' Wi-Fi networking capabilities and extensive APAC sales, marketing and operations experience. Triamis, in turn, will have access to Cordia's extensive operating platform, technical infrastructure and proprietary VoIP network and service offerings." "With the recent introduction of dual-mode mobile devices that allow users to access Wi-Fi hotspots, we have seen a steady increase in traffic on our Hong Kong Wi-Fi network," added Vikas Bhandari, Cordia's new Director of Operations - APAC. "We will be targeting VoIP, Wi-Fi and Voice Over Wi-Fi Transmitting IP-based telephone calls (VoIP) over a Wi-Fi network. Voice over Wi-Fi (Vo-Fi) provides enhancements to the 802.11 standards for handling the real time environment of voice calls. With a single mode Vo-Fi phone, users can make calls only within a Wi-Fi hotspot. (VoWiFi) throughout the APAC region. We expect to be deploying additional Wi-Fi networks in the region and to introduce VoWiFi this year by integrating Cordia's VoIP platform with our Wi-Fi network. Dual-mode mobile devices and VoWiFi represent the future of communications and our combined companies will be well positioned to take advantage of the resulting opportunities and the rapid growth of the APAC region." About Cordia Corporation Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp. and CordiaIP Corp., offers business, residential and wholesale customers local and long distance telecommunications services utilizing traditional wireline and Voice over Internet Protocol ("VoIP") technologies. In addition, Cordia develops and provides a suite of proprietary Web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers. 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. This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements. |
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