SuperWire, Inc. Signs Letter of Intent to Acquire 100% of the Assets of Ad Systems Inc.
January 22 2009 - 9:16AM
Marketwired
SuperWire, Inc. (PINKSHEETS: SUPI) has announced that it has
entered into an agreement with Praebius Communications Inc. to
acquire the operating assets of Ad Systems Inc., a Praebius
subsidiary, which owns and operates more than 250,000 cable TV ad
insertion subscribers. Ad Systems has been providing video
insertion technology to cable and broadcast TV for over 25 years.
Ad Systems is also the owner of proprietary technology and has a
patent pending process application that allows rapid deployment of
systems which provide increased ad insertion revenue growth.
James Truher, SuperWire Chairman, said, "We have been working
towards this acquisition for over a year now and much of our
business plan's success will be facilitated by the Ad Systems
proprietary technology. We have assisted in their growth to this
point as a partner and now feel that the merged assets and reduced
required resources of the two companies will facilitate our future
success."
Ed Hart, SuperWire Senior Vice President, said, "Along with the
operating systems, Ad Systems Inc. has nearly two million
additional subscribers under contract which SuperWire plans to
install in 2009. The cost to deploy ad insertion technology in
heretofore unreachable areas such as small and medium size cable TV
systems, hotels, hospitals, universities, senior living
communities, etc. has represented an economic barrier that excluded
ad insertion deployment to this underserved market segment of
nearly 30 million TV viewers. The Ad Systems proprietary technology
immediately allows us to penetrate this previously untapped TV
market segment."
About SuperWire, Inc.
SuperWire, Inc. is a multi-media management group offering
interactive television, telephone, broadband services and Cable TV
Ad insertion to high income retirement, educational and
Hotel/Recreational communities throughout the United States.
SuperWire's ad insertion capabilities give national, regional and
local advertisers a low cost, high impact avenue to target high
expendable income customers and easily measure their advertising
ROI.
For additional information, please visit: www.superwire.com and
www.praebius.com
Safe Harbor Statement Under The Private Securities Litigation
Reform Act of 1995: The statements in the press release that relate
to the company's expectations with regard to the future impact on
the company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not
occur.
Contact Ed Hart 1-866-547-8737
Cannalink (CE) (USOTC:CNLK)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cannalink (CE) (USOTC:CNLK)
Historical Stock Chart
From Dec 2023 to Dec 2024