Headquartered in Redlands, California, ARINC-Cybertime is engaged in providing high-speed wireless Internet connectivity, computer repair and a full range of networking and IT support to both business and residential customers primarily in Southern California. Following the successful closing of the transaction, ARINC-Cybertime is expected to contribute better than $2.5 million in 2008 revenues to NextPhase.
Ruth Hough, Vice President at ARINC Incorporated, stated, "Throughout this negotiation process, we have come to greatly respect NextPhase's management team, and admire their corporate vision and long term growth strategy. Consequently, ARINC remains committed to supporting NextPhase through the conclusion of this transaction and looks forward to perpetuating our business relationship with them well into the future."
Tom Hemingway, Chairman and Chief Operating Officer of NextPhase, added, "This represents a very important strategic acquisition for our Company, further enhancing our RF engineering and network design capabilities and strengthening our industry presence in Southern California -- with particular emphasis in San Bernardino and Riverside counties. We are looking forward to making fast progress towards a definitive agreement, with expectation that we will welcome ARINC-Cybertime to the fast growing family of NextPhase wireless companies before the end of this year."
About ARINC Incorporated
About NextPhase Wireless, Inc.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Related:
- onto muddy thigh boots intellectual property software bakersfield
- Davidson County Community College
- Riverside Air Show
- Riverside Ca
