MobilePro Announces New Agreements at Shareholder Meeting PR Newswire - August 19, 2005 13:23
BETHESDA, Md., Aug 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- MobilePro Corp. (OTC Bulletin Board: MOBL), a national wireless technology and broadband telecommunications company, said today that it expects to shortly announce three new business deals.
Speaking at the company's annual meeting of shareholders, Jay Wright, MobilePro chairman and CEO, told the audience that the company has been awarded a contract to deploy and manage a citywide wireless network in an unnamed western city. He told the audience that the final agreement to deploy a wireless network in Tempe, AZ has been signed and completed, effective August 18, 2005.
Wright also told shareholders that the company has signed two new letters of intent for acquisitions in California and Florida. No further details were provided. The company said it expects to release details of these new agreements shortly. Wright also indicated that the letter of intent to acquire certain assets of ATX expired on August 15, 2005.
About MobilePro Corp.
MobilePro Corp. is a wireless technology and broadband telecommunications company based in Bethesda, Md. The company is focused on creating shareholder value by developing and deploying wireless technologies, acquiring and growing profitable broadband telecommunications companies and forging strategic alliances with well-positioned companies in complementary product lines and industries.