U.S. Wireless Online, Inc., which owns and operates one of the nation’s largest wireless Internet broadband networks, today announced that it has completed the acquisition of Verge Wireless Networks, Inc. Additional transaction details will be filed on Form 8-K with the Securities and Exchange Commission.
Verge Wireless is a provider of broadband connectivity and solutions to municipalities, businesses, academic and medical institutions, convention centers, and the hospitality industry. Verge Wireless currently provides municipal Wi-Fi “hot zones” in parts of Los Angeles, New Orleans, and Baton Rouge. It is also the wireless contractor for one of the largest broadband video security systems in the country, which allows the police department of a major municipality to coordinate video feeds from approximately 200 broadband-enabled wireless cameras.
“U.S. Wireless is continuing to move toward its goal of becoming the leading wireless broadband Internet provider in America,” stated Mark E. Rodgers, President of the Company. “The acquisition of Verge Wireless significantly extends our broadband capabilities in the fast growth sectors of municipal Wi-Fi networks and broadband homeland security applications. In addition, we are pleased to welcome Carlo MacDonald, Verge Wireless’ founder and CEO, to our management team. Carlo brings a wealth of experience and expertise to the Company and will be a great asset as we expand within the broadband solutions market.”
“I am very pleased and excited now that Verge Wireless has become part of U.S. Wireless Online,” commented Mr. MacDonald. “This combination allows us to aggressively pursue new opportunities, expand our current systems and service opportunities, and develop new broadband solutions for homes, businesses and municipalities. The enormous potential for broadband solutions involving homeland security, handheld gaming, and VoIP, is just now being realized, and I look forward to contributing to the success of U.S. Wireless.”
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