IRVINE, Calif., Nov. 7 /PRNewswire-FirstCall/ -- Network Installation Corp. (OTC:NWKI) (BULLETIN BOARD: NWKI) , today announced that it has acquired 100% of the outstanding shares of Spectrum Communications Cabling Services, Inc., a complete solution network service firm which provides network design, installation and maintenance of voice and data network systems. Spectrum shareholders received 18,567,639 shares of Network Installation common stock in the exchange. Based on Spectrum's un-audited revenue of approximately $12 million through October of 2005, and Network Installation's recent acquisition of Kelley Technologies, the Company's combined annual revenue run rate for 2005 is expected to be approximately $22 million. Network Installation CEO Jeffrey R. Hultman stated, "With our recent acquisition of Kelley Technologies and now with the acquisition of Spectrum, we've achieved two significant milestones within just the past 45 days. In acquiring Spectrum, we've not only added another tremendous, high growth component, but we have further enhanced our senior management team with the addition of Spectrum founder Robert Rivera. In my prior positions as CEO at both Pac Tel Cellular and Dial Page, we were able to quickly and efficiently achieve significant scale due to the superior personnel we had assembled. I aim to continue following that same strategy once again with Network Installation." Spectrum President Robert Rivera commented, "I consider this a terrific opportunity to team up with Jeff and become an integral part of the Network Installation organization. I believe Spectrum's core competencies blend seamlessly with Network Installation and Kelley Technologies. With our industry experiencing record growth, it is certainly within our collective capabilities to achieve the critical mass and scale consistent with Jeff's strategy. I look forward to hitting the ground running." Spectrum Communications is a six-time recipient of the 'INC. 500 - Fastest Growing Companies in America Award' (1998-2003) and a three-time recipient of the 'Fastest Growing Hispanic Company in America Award'. Robert Rivera was the 2000 'Entrepreneur of the Year' for Hispanic Business Magazine, 1999 and 2000 First Runner-up for the 'Ernst & Young Inland Empire Entrepreneur of the Year Award' and a 2001 'Business Press nominee for Innovator of the Year' Award. Spectrum currently services clients including and within NORAD, U.S. Department of Homeland Security, Healthcare Industry and K-12 education. Spectrum will operate as a wholly-owned subsidiary of Network Installation. Network Installation plans to expand its Board membership to a total of seven directors. About Spectrum Communications Spectrum Communications provides network design, installation and maintenance of voice and data network systems. Recognized for its expertise in innovative solutions within the communications industry for over 16 years, Spectrum Communications is able to complete a turn-key solution to meet their clients networking needs. Spectrum offers prospective education, health care, and commercial customers over a decade and a half of experience as a leading "single source" provider of innovative and cost-effective technology solutions, including the procurement of communications services that enable organizations to transmit voice, data, and video within the organization and to the outside world in a fast, secure, and cost-effective manner. Spectrum maintains offices in Corona, CA and Colorado Springs, CO. For further information please visit http://www.spectrumccsi.com/. About Network Installation Network Installation Corp. provides communications and IT solutions to the Fortune 1000, Gaming Industry, Government Agencies, Municipalities, K-12 and Universities. These solutions include complete project management from design, installation and deployment of data, voice and video networks as well as wireless networks including Wi-Fi applications and integrated telecommunications solutions including Voice over Internet Protocol (VoIP) applications. To find out more about Network Installation Corp. (OTC:NWKI) (BULLETIN BOARD: NWKI) , please visit http://www.networkinstallationcorp.net/ and http://www.kccinc.com/. The Company's public financial information and filings can be viewed at http://www.sec.gov/. Forward-Looking Statements This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. For further information, please contact Jeffrey R. Hultman, Chairman and CEO Network Installation Corp., , ph (949) 753-7551. DATASOURCE: Network Installation Corp. CONTACT: Jeffrey R. Hultman, Chairman and CEO of Network Installation Corp., +1-949-753-7551, Web site: http://www.spectrumccsi.com/ http://www.kccinc.com/ http://www.networkinstallationcorp.net/

Copyright