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DLGI Digital Landscape Group Inc.

8.335
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Digital Landscape Group Inc. LSE:DLGI London Ordinary Share VGG2761A1057 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.335 7.95 8.72 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

DataLogic International Signs Purchase Agreement for Remaining Shares of VoIP Subsidiary

05/11/2004 3:00pm

PR Newswire (US)


Digital Landscape (LSE:DLGI)
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DataLogic International Signs Purchase Agreement for Remaining Shares of VoIP Subsidiary IRVINE, Calif., Nov. 5 /PRNewswire-FirstCall/ -- DataLogic International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a technology and professional services company providing a wide range of consulting services, telecommunications products, such as VoIP equipment, and GPS vehicle tracking devices, today announced that it has entered into an agreement to purchase the remaining 49% interest in its subsidiary, IPN Communications, Inc. to make it a wholly owned subsidiary. IPN Communications is a provider of voice over Internet protocol (VoIP) telephony products and services. The company targets consumers and business users on a worldwide basis who seek to reduce communication costs. DataLogic acquired its initial interest in IPN Communications in June 2003. "DataLogic's decision to acquire full ownership of IPN was driven primarily by our interest in accessing the very large consumer market for VoIP services, and we expect that this goal will be best achieved with IPN as a wholly owned subsidiary. This transaction represents an excellent opportunity for DataLogic as we continue to develop our business strategy to capitalize on our strengths in the IT and communication arenas," said Derek Nguyen, DataLogic's CEO. Under the terms of the transaction, DataLogic will purchase the remaining interest of IPN with DataLogic common stock. The deal is expected to close today. Michael Wu, IPN Communication's founder and CEO will remain as CEO. "We are very happy to complete the blending of our product and technology expertise under DataLogic's expanding business model. We will work side-by-side with DataLogic to grow brand awareness and recognition in the business community and retail arena," said Michael Wu, IPN's CEO. About DataLogic International, Inc. DataLogic International, Inc. is a technology and professional services company providing a wide range of consulting services and telecommunications products such as VoIP phones, videophones, communications servers and GPS vehicle tracking devices. The company also provides Information Technology outsourcing and consulting services. DataLogic's customers include U.S. and international governmental agencies as well as a variety of international commercial organizations. For more information about DataLogic International, please visit http://www.dlgi.com/. About IPN Communications, Inc. IPN Communications, Inc. is a provider of voice over Internet protocol (VoIP) telephony products and services. The company targets consumers and business users on a worldwide basis who seek to reduce communication costs. IPN's product suite includes USB and Ethernet based VoIP phones, IP Phone adapters, videophones, and turnkey servers that support in-network VoIP calling and VoIP to public-switch telephone networks (PSTN). For more information about IPN Communications, please visit http://www.ipncom.com/. This news release includes 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, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to DataLogic International or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. Contact Information: Donna Dolan Investor Relations 949-260-0120 ext 204 DATASOURCE: DataLogic International, Inc. CONTACT: Donna Dolan, Investor Relations of DataLogic International, Inc., +1-949-260-0120, ext. 204, Web site: http://www.ipncom.com/ Web site: http://www.dlgi.com/

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