Vicom/Multiband Announces Acquisition of DirecTechnologies Florida Subscribers.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--Sept. 4, 2003 Purchase of Nearly 1000 Subscribers in cities of Port St. Lucie St. Lucie may refer to:
Stuart, and Palm Bay Expands East Coast Footprint Vicom, Inc. (Nasdaq:VICM) announced today that it has purchased the Florida based equipment and subscribers of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of headquartered DirecTechnologies, Inc. The 964 subscribers are located in four apartment communities residing in Port Saint Lucie Port Saint Lucie (l  `sē), city (1990 pop. 55,866), St. Lucie co., central E Fla., on the St. Lucie River; inc. 1961. , Stuart, and Palm Bay, Florida Palm Bay is a city in Brevard County, Florida, United States. The city estimated its population at 107,538 on 28 July 2007;[3]; it is the most populous city in the county. . Vicom's Multiband division will begin servicing and billing the subscribers this month. Additionally, Multiband is preparing for the expansion of voice and data services to the same. James L. Mandel, Vicom'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. stated, "We are very pleased to establish a new relationship with the management of DirecTechnologies. The addition of these quality properties continues our rapid expansion in Florida while allowing the utilization of existing support facilities." Robert W. Pine, DirecTechnologies CEO, stated, "This transaction is really a double win for DirecTechnologies. Not only are we now able to transfer our customer base to a very competent operator but we have now established a relationship, which will lead to the expansion of services we currently offer our New York clientele. In addition, we are excited to explore and expand the opportunities we now have with Vicom and Multiband in the wireless arena." About Vicom, Inc. - Vicom, Inc., provides a full range of voice, data and video communications systems and subscriber services. Vicom has provided clients state-of-the-art systems and services since 1975 and can be found on the Internet at: www.vicominc.net. Vicom's MultiBand subsidiary delivers satellite-based digital cable television, local dial tone, long distance and high-speed Internet See broadband. services on one combined billing and delivery platform to residents of multi-dwelling properties. For information regarding MultiBand services, please visit our website at: http://www.multiband.tv/. About DirecTechnologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control - DirecTechnologies, LLC provides video communications systems to a variety of multiple dwelling units and numerous business applications. DirecTechnologies has provided these services since 1999 and will continue to offer these services in addition to the new footprint of voice and data systems offered by Vicom/MultiBand to our present and future customers. The discussion above contains forward-looking statements within the meaning of 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. These statements by their nature involve substantial risks and uncertainties. Actual results may differ materially depending on a variety of factors. |
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