- From: <revenuesdouble506@excite.com>
- Date: Mon, 21 May 2001 06:44:31 -1700
- To: <New.Holding@tux.w3.org>
(PR NEWSWIRE) VersaCOM International, Inc. Reports Doubling of Revenue in April Versus March; May Estimates are Even Higher BOCA RATON, Fla.--(BUSINESS WIRE)--May 17, 2001--VersaCOM International, Inc. (OTCBB:VERC) announced today that revenues in April were approximately $171,000, exceeding March revenues by approximately $83,000 and almost equal to the total revenues in the first quarter of this year. Management further stated they expect the trend to continue and have estimated that May revenues could exceed $250,000. VersaCOM International, Inc. is a Boca Raton, Florida based full-service provider of telecommunications systems, data networks and related products and services throughout the United States. In addition to designing, distributing, installing and programming telecommunications and data systems, VersaCOM offers cabling, training, product customization and 24 x 7 customer support and maintenance. VersaCOM also markets local and long distance communications services as an authorized BellSouth partner and a reseller for Cable and Wireless. Lastly, VersaCOM's technicians and engineers provide on-site system/network administration and other technical support. VersaCOM specializes in providing voice and data solutions to companies with more than one business location. These companies have special needs for consistent, responsive services. VersaCOM International, Inc. was incorporated in Florida in January 1999. In addition to the corporate headquarters in Boca Raton, the company has a regional operations in the Baltimore-Washington metropolitan area and the New York-New Jersey metropolitan area. It also employs a business development and marketing professional in Southern California. For more information on VersaCOM International's products and services, please see their web site at: www.versacominc.com This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject too risks and uncertainties, some which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. (PR NEWSWIRE) VersaCOM Projects $3.6 Million In Revenue Per Year from Newly Acquired Maine Subsidiaries BOCA RATON, Fla., May 18 /PRNewswire/ -- VersaCOM International, Inc. (OTC Bulletin Board: VERC) announced today the completion of the purchase of Northeast Technologies, Inc. in Westbrook, ME. Management projects this acquisition when combined with the projected Wolf Communications, Inc. acquisition will result in an additional $3.6 Million in revenue per year for VersaCOM. Northeast Telecommunications specializes in the design, installation and repair of copper and fiber optic cable systems for voice and data networks. Northeast Telecommunications serves clients located in Maine, Vermont, New Hampshire, Massachusetts and Connecticut. It fields a staff of six manufacturer certified design and installation personnel. The company maintains electronic and hardcopy records of each installation it performs which will allow the Versacom sales team to up sell the latest products and services offered by Versacom. "The acquisition of Northeast Telecommunications is an excellent fit in Veracom's growth and market consolidation strategy, says Versacom's CEO, John Kaiser. "Northeast Technologies has a strong and loyal customer base. There are also strong business synergies with the previously announced plans to acquire voice and data networking company, Wolf Communications; also of Westbrook, ME," added Kaiser. Fred Schwartz, Chief Operating Officer at Versacom says, "Northeast Technologies dedication to delivering quality services, and the highest standards of customer service and satisfaction are parallel to Versacom's own way of doing business and significantly expands our ability to service clients with multiple business locations." Timothy Booth, President of Northeast Telecommunications adds, "The strategic business plan developed by Versacom will enable us to grow and develop at a rate that could not be attained without our joining the Versacom team." "Our business philosophies, the markets serviced and the way we interact with our customers and treat our employees makes this sale an excellent strategic fit for both of our companies." Booth will join Versacom International, Inc. in the capacity of Manager of Cabling Operations. In this capacity, he will be responsible for establishing consistent standards throughout Versacom for cable design and installation. As a part of the standardization program, Booth will be responsible for product selection and standardization of products and brands as well as training and certification programs throughout the growing Versacom organization. "This will result in greater purchasing efficiencies and will insure that all cable installation personnel will be knowledgeable about the materials they work with," said Booth. "The customers benefit in higher standards of work and faster completion of the jobs," Booth added. Versacom International, Inc. is a Boca Raton, Florida based full-service provider of telecommunications systems, data networks and related products and services throughout the United States. In addition to designing, distributing, installing and programming telecommunications and data systems, Versacom offers cabling, training, product customization and 24 x 7 customer support and maintenance. Versacom also markets local and long distance communications services as an authorized BellSouth partner and a reseller for Cable and Wireless. Lastly, Versacom's technicians and engineers provide on-site system/network administration and other technical support. Versacom specializes in providing voice and data solutions to companies with more than one business location. These companies have special needs for consistent, responsive services. Versacom International, Inc. was incorporated in Florida in January 1999. In addition to the corporate headquarters in Boca Raton, the company has a regional operations in the Baltimore-Washington metropolitan area and the New York-New Jersey metropolitan area. It also employs a business development and marketing professional in Southern California. For more information on Versacom International's products and services, please see their web site at: www.versacominc.com Northeast Telecommunications provides quality design, installation and repair services for voice and data cable systems. It serves clients in Maine, Vermont, New Hampshire, Massachusetts and Connecticut. Capabilities include both high-speed copper cable and optical fiber cable technologies. As an added value for its clients, it provides clients with hardcopy and electronic copies of the installation and maintains complete duplicate electronic files for each installation. This facilitates easy expansion of the cable plant and for trouble shooting problems should they arise. This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject too risks and uncertainties, some which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. VersaCOM International, Inc. www.versacominc.com 800.531.1577 extension 1254 Fax 949.653.0113 (PR NEWSWIRE) VersaCOM International, Inc. Reports Doubling of Revenue in
Received on Monday, 21 May 2001 08:36:20 UTC