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The transaction adds more than $25 million in annualized revenue and is immediately accretive to MobilePro's earnings per share. The acquisition also adds over 90,000 CloseCall customers and 135,000 customer lines to MobilePro's growing customer base, with new customers concentrated in the Mid-Atlantic and Midwest states. Based in Stevensville, MD, CloseCall has about 75 employees.
Jay Wright, MobilePro chairman and CEO, said, "This is the 13th deal we have closed this year and by far our most significant. It puts us over the key $50 million annualized revenue threshold and adds an individual who we believe is an exceptional operating manager, Tom Mazerski, CloseCall's CEO. We will discuss our acquisition of CloseCall, update our shareholders on our other pending acquisitions, discuss my upcoming trip to Korea, announce our September quarter operating results and give updated guidance for our projected 2005 operating results in a conference call in early to mid- November. Details will be announced in an upcoming press release."
Kevin Kuykendall, MobilePro group president of voice operations, said, "With the closing of the deal, we can immediately offer an expanded array of products and services, including bundled local and long distance, cellular, VoIP, DSL and other value-added products to our growing customer base. Along with our other recently announced CLEC and long distance acquisitions, we now have CLEC, long distance, and/or Internet licenses in all 48 contiguous states, as well as Puerto Rico. This also expedites our migration to an IP platform and the corresponding cost reduction that comes with it. We have already integrated the operations of our subsidiary Affinity Telecom with CloseCall, a move that will generate annualized savings of over $360,000."
Tom Mazerski, CEO of CloseCall America, said, "We are pleased to complete this important transaction for our shareholders and to join forces with MobilePro. I see significant operating synergy between the two companies and look forward to working with Jay and Kevin to build MobilePro into a large, profitable telecommunications company."
About CloseCall America
Launched in 1999, CloseCall America is a full-service telecommunications company that provides long distance, local, digital wireless and Internet service to residential and small business customers, primarily in Maryland, Delaware, New Jersey, Wisconsin, Indiana and Ohio. The company has developed a strong market niche by focusing on low-priced community calling. By offering long distance calling plans designed as multiple-state footprints, CloseCall allows consumers to choose the plan that best fits their calling patterns and save money on normally high-priced local toll calls.

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