Omnicity Corp. (OMCY.OB) Announces Major Acquisition of AAA Wireless Assets
Omnicity Corp., the Midwest's largest fixed Wireless Internet Service Provider, excitedly announced today that it has agreed to purchase the assets of AAA Wireless, Inc. The assets to be purchased include a large, substantial network, estimated to have a footprint in excess of 80,000 homes with 39 towers. This acquisition will increase Omnicity's reach by more than 30%. In 2008, the AAA Wireless network serviced over 190 schools generating in excess of $5m in revenue. Greg Jarman, CEO of Omnicity, stated, "We are very pleased to have reached formal agreement to purchase these assets. The large number of homes, the…