Eagle Broadband (AMEX:EAG)
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Eagle Broadband, Inc. (AMEX: EAG), a leading national provider of
broadband, Internet Protocol (IP) and digital communications technology
and services, today announced that the company has acquired the
commercial satellite division of Alliance Maintenance & Services, Inc.
Eagle Broadband has acquired Alliance’s
Telecom Services business, which includes providing installation and
services to various commercial customers in the telecommunications
industry. The core business is the installation of VSAT and broadband
satellite systems, providing installation of copper and fiber network
infrastructure, and network support services such as moves, adds,
changes (MACs), demarcation point extensions, router installations and
hardware upgrades.
Joe McFadden, a principal of Alliance stated, “Over
the course of Alliance’s contract with Hughes
Net we have installed over 50,000 commercial grade satellite receiver
systems throughout the southwest and southeast parts of the United
States. Hughes has been a great client of ours and Eagle’s
strong satellite and video technology skills will only enhance the
relationship and expand the opportunity for additional installations.”
The new business will be folded into Eagle’s
growing IT Services division headed by Tony Cordaro, whose experience
and expertise while heading up Connex Services led to the successful
completion of a 1,200 commercial satellite system rollout before Connex’s
client base was acquired by Eagle late last year. Cordaro stated, “This
is a natural for our IT Services’ growth
potential. Immediate, new revenue with a proven successful business
model and premier client partner such as Hughes Net will be beneficial
for Eagle as a whole not just the IT Services division.”
"Our IT Services division is growing rapidly and this is another key
acquisition for us – it is an ideal match for
our capabilities," said Dave Micek, president and CEO of Eagle
Broadband. “We continue to investigate other
acquisition opportunities that will allow us to open doors to new
clients and deepen relationships with existing clients."
About Alliance Maintenance & Services
Alliance is a multi-faceted company offering services to the oil,
gasoline, and petro-chemical industries. They offer Support Services,
UST Services, Petroleum Maintenance, and Environmental Services. For
more information on Alliance Maintenance & Services, Inc. go to: www.alliance-m-s.net
About Eagle Broadband, Inc.
Eagle Broadband is a technology company that develops and delivers
products and services in three core business segments:
IPTV -- Eagle
Broadband’s IPTVComplete™
provides direct access to more than 250 channels of high-demand
programming from popular entertainment providers, often using Eagle’s
high-definition, set-top boxes.
SatMAX®
-- Eagle Broadband’s SatMAX provides
indoor/outdoor communications utilizing the global Iridium-based (www.iridium.com)
satellite communications system. It offers both fixed and mobile
solutions, including the emergency first responder SatMAX Alpha “SatMAX-in-a-suitcase”
technology.
IT Services -
Eagle Broadband's IT Services Group is a full-service integrator
offering a complete range of network technology products including VoIP,
remote network management, network implementation services and IT
project management services.
For more information on Eagle Broadband, visit www.eaglebroadband.com.
EAGG
Forward-looking statements in this release regarding Eagle Broadband,
Inc., are made pursuant to the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve
risks and uncertainties, including, without limitation, the company’s
ability to continue as a going concern, the company’s
liquidity constraints and ability to obtain financing and working
capital on favorable terms, the continued acceptance of the company’s
products, increased levels of competition, new products and
technological changes, the company’s
dependence upon third-party suppliers, intellectual property rights, and
other risks detailed from time to time in the company’s
periodic reports filed with the Securities and Exchange Commission.