BETHESDA, Md., Nov. 15 /PRNewswire-FirstCall/ -- MobilePro Corp.
(OTC Bulletin Board: MOBL) and Davel Communications, Inc.
(OTC Bulletin Board: DAVL) announced today that the transaction provided for
under the previously announced agreement with the secured creditors of Davel
has closed. In connection with the transaction, MobilePro has acquired from
Davel's former senior creditors 100% of Davel's senior secured debt and over
95% of Davel's issued and outstanding common stock.
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The transaction is expected to add more than $50 million to MobilePro's
annualized revenue and $.015 per share to its calendar 2005 earnings. In
addition to the significant contribution to MobilePro's revenue and earnings,
the acquisition includes some 42,000 payphones at over 25,000 locations in 45
states and the District of Columbia, providing MobilePro with a major real
estate platform as a base for building a national wireless telecommunications
network.
A Greenwich, Conn.-based hedge fund provided mezzanine debt financing to
MobilePro with respect to the transaction. The debt is not convertible into
equity. The hedge fund also received 5.6 million warrants to purchase
MobilePro common stock, with an exercise price of $.20 per share. The terms of
the financing and the transaction will be disclosed in a Form 8-K filing with
the Securities and Exchange Commission.
Jay Wright, MobilePro chairman and CEO, said, "Today, MobilePro enters a
new era with the realization of numerous milestones. We have achieved our
goal of reaching $100 million in annualized revenue. We have significantly
increased our expected cash flow from operations. We have added a powerful
financial partner with the Connecticut-based hedge fund. We have solidified
our nationwide telecommunications platform with a physical presence in nearly
every state. We have strengthened our management with the addition of Woody
McGee and his team at Davel. We have proven our ability to consummate a
complex transaction with sophisticated sellers. We have strategically
positioned MobilePro to be a leader in the deployment of Wi-Fi and Wi-Max
equipment with our nationwide real estate footprint. We have achieved all
this without new share issuance. In short, we believe that we have
transformed the company into one that is stronger and better able to deliver
significant value to our shareholders."
Kevin Kuykendall, MobilePro group president of Telco Operations, said,
"Davel's 25,000 locations not only enable us to roll out new wireless
technologies, but they also are a launching pad for additional services such
as local, long distance, Internet, VoIP and prepaid calling cards. Together
with CloseCall America and our other acquisitions, Davel will enhance our
revenue and earnings base and generate significant synergy and cross-selling
opportunities, thus allowing us to drive organic revenue growth in 2005."
Woody McGee, President and Chief Executive Officer of Davel, said, "We are
pleased to complete this strategic transaction and look forward to enhancing
MobilePro's penetration into the markets that we serve. I see significant
opportunity for Davel and its customer base. We are excited to be working
with Jay and Kevin."

About MobilePro Corp.
MobilePro Corp. is a wireless technology and broadband telecommunications
company based in Bethesda, Md. with operations in Hurst, Houston, Dallas and
Beaumont, Texas; Coshocton, Ohio; Kansas City, Kan.; Janesville, Wis.;
Detroit, Mich.; Tucson, Ariz.; Stevensville, Md.; and Shreveport, La. The
company is focused on creating shareholder value by developing innovative
wireless technologies, acquiring and growing profitable broadband
telecommunications companies and forging strategic alliances with well-
positioned companies in complementary product lines and industries. With the
closing of the Davel transaction, MobilePro has announced closed deals with
cumulative expected 2005 calendar revenue of more than $101 million.

An investment profile about MobilePro Corp. may be found online at http://www.hawkassociates.com/mobilepro/profile.htm .

About Davel Communications, Inc.
Founded in 1979, Davel is the largest independent provider of pay
telephones and related services in the United States with operations in 45
states and the District of Columbia. Davel serves a wide array of customers
operating principally in the shopping center, hospitality, health care,
convenience store, university, service station, retail and restaurant
industries.

For more information, contact MobilePro CEO Jay Wright at (301) 315-9040
or by e-mail at jwright22@closecall.com or Davel CEO Woody McGee at
(216) 875-4335 or by e-mail at wmcgee@davelcomm.com . For investor relations
information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at
(305) 852-2383, e-mail: info@hawkassociates.com . Detailed information about
MobilePro can be found on the website http://www.mobileprocorp.com . An online
investor kit including copies of MobilePro press releases, current price
quotes, stock charts and other valuable information for investors may be found
on the website http://www.hawkassociates.com .