DICOMM Completes Acquisition of AdVal Communications, Inc.BOSTON--(BUSINESS WIRE)--Feb. 26, 1998--DICOMM Ventures, Inc. announced today that it has completed its acquisition of the assets of AdVal Communications, Inc., a subsidiary of Southfield, MI based MIDCOM MIDCOM Middlebox Communication (IETF draft for NAT/firewall transversal) Communications, for an undisclosed price. MIDCOM, a publicly-held provider of long distance and other telecommunications services, filed Chapter 11 on November 7, 1997 and has since disposed of its operating assets Operating Assets Another term for working capital. for the benefit of its creditors. AdVal Communications, Inc. is a national and international provider of Enhanced Facsimile and Electronic Messaging See e-mail and messaging system. services for business and industry customers across a broad array of market segments including major airlines, travel industry, financial institutions, associations and the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The company ranks as one of the Top Ten providers of fax services in the US. AdVal has developed a large central switching platform as well as the recent development of an Internet-based product to provide its services. The company's family of FaxPlus products, are designed to help companies meet their communications in an efficient, rapid and cost-effective manner. Among the products offered by AdVal are: FaxPlus, Broadcast-on-Demand, FaxMerge, FaxData, TravelFax and Media Direct. AdVal's operation center is located in Southfield, MI and has sales offices in major cities across the US. The company plans to locate its corporate headquarters in the Boston area. DICOMM Ventures, Inc. is a private investment firm that invests primarily in telecommunications and information technology companies. The firm is owned and operated by Anthony and Charles DiCroce who have over 20 years of operating experience in telecommunications including radio paging Radio paging was invented in 1956 at St Thomas' Hospital in London to alert doctors attending emergencies. Since then, paging has evolved in sophistication and today millions of messages are transmitted to people needing fast reliable messaging communications. , cellular and voice messaging Using voice mail as an alternative to electronic mail, in which voice messages are intentionally recorded, not because the recipient was not available. . "Our plan is to build AdVal, through both internal growth and additional targeted acquisitions, into the premier facsimile, messaging and information dissemination company in the US", said one of its principals, Anthony DiCroce. CONTACT: DICOMM Ventures AdVal Communications, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control John O'Brien, Thomas Tisko 781 592 3700 x 222 248 204 5500 dicomm@aol.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion