Unilava Signs Letter of Intent to Acquire HEXA-2
May 10 2011 - 9:00AM
Marketwired
Unilava Corporation (Unilava) (OTCBB: UNLA) announced today that
the company has signed a letter of intent to acquire HEXA-2
Corporation (HEXA-2).
HEXA-2® is a Live Interactive Social Media integrated with
telepresence platform providing many-to-many video conferencing,
VoIP, Instant Text, Twitter, Facebook, Content Manager, Conversion
Server and more. HEXA-2 offers Virtual Board Rooms
(http://vbr.hexa2.com) and Virtual Town Halls
(http://www.hexa2.com) to its clients. The company has built an
all-in-one interactive digital media platform for its global
clients. In strategic partnership with NetStairs, from its
inception, NetStairs has combined science, art and technology into
its platforms founded on intelligent media delivery algorithms with
a focus on interactive, live, on demand, and streaming protocols.
In March 2005, HEXA-2 started their vision. In 2008, they started
their telepresence vision. In 2011, NetStairs made their vision a
reality. Today, the company offers a wide array of Telepresence
Workflow Solutions. HEXA-2's platform also connects to 43,000
servers in 70 countries. For more detail, visit
http://hexa2.com.
Baldwin Yung, Chief Executive Officer and President of Unilava
Corporation, comments, "Over the past 8 years, we have built a
strong customer base delivering communication and marketing tools
to businesses. We are committed to enhance our business customer
user-experience through new and innovative technologies. After
reviewing HEXA-2's platform, we have identified that there is a
synergy between the companies. Through this potential acquisition,
we will gain greater momentum in expanding our product portfolio to
deliver cutting-edge business services to existing and new
customers. This will also accelerate the delivery of our strategic
vision to build enterprise value through implementing more advanced
technologies to grow our revenue in an attempt to create
significant top line revenue and positive EBITDA."
"HEXA-2 will bring to Unilava new pillars of tele-presence with
unified communications, hence assisting the company's business, and
its strategic monetization, supporting its growth. Unilava plans to
promote and distribute virtual board rooms and virtual meeting
halls (http://www.HEXA2.com) with enhanced features beyond Skype,
GoToMeeting, and WebEx. Founded on NetStairs Social Networking Live
(SNL) intelligent algorithm, the platform provides ideal settings
for those who wish to retain privacy, security and scalability
without downloads and plug-ins through their own telepresence
service, empowering users with interactive, many-to-many, superb
video, VoIP, Instant Text, video, live streaming, and more. MEET ME
@ HEXA-2 will become the new mantra serving the globe," said Steve
Remondini, President of HEXA-2 Corporation, "HEXA-2 is a result of
vision and years of development, thus delivering an unparalleled
unified telepresence services," he continued.
About Unilava Corporation
Unilava Corporation and its subsidiary brands provide a variety
of communications services, products, and equipment that address
the needs of small to enterprise businesses and consumers. The
company is licensed to provide long distance services in 41 States
and local phone services in 11 States. Through its carrier-grade
microwave wireless broadband infrastructure and broadband Internet
access partners, the company offers mobile and high-definition
IP-hosted voice services to residential, small and medium
enterprises. The company delivers small business a comprehensive
and integrated suite of fee-based online and mobile advertising and
web services. Headquartered in San Francisco, the company has
regional offices in Chicago, Seoul, Hong Kong, and Beijing. For
more information, please visit www.unilava.com.
About Hexa-2 Corporation
HEXA-2® is a Live Interactive Social Media integrated with
telepresence platform providing many-to-many video conferencing,
VoIP, Instant Text, Twitter, Facebook, Content Manager, Conversion
Server and more offering Virtual Board Rooms (http://vbr.hexa2.com)
and Virtual Town Halls to its clients. The company has built an
all-in-one interactive digital media platforms for its global
clients. In strategic partnership with NetStairs, from our
inception, they combined science, art and technology into a
platform founded on intelligent media delivery algorithms with a
focus on interactive, live, on demand, and streaming, protocols. In
March 2005, we started with our vision. In 2008, we started our
telepresence vision. In 2011, we made our vision a reality. Today,
the company offers a wide array of Telepresence Workflow Solutions.
HEXA2 platform is also connects to 43,000 servers in 70 countries.
For more detail, visit http://hexa2.com
This News Release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933,
and Section 21E of the Securities Exchange Act of 1934. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove correct.
Press /Analyst Contact: Investor Relations 415.321.3490 Email
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