posted                      

Deal Expected to Be Accretive to Earnings, Add More Than 15,000 Subscribers to MobilePro Customer Base BETHESDA, Md., May 3 /PRNewswire-FirstCall/ -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced today the company has signed a letter of intent to acquire Ticon.net, a Janesville, Wisconsin-based Internet services provider with operations in Janesville and Milwaukee (http://www.ticon.net). The deal is forecast to add more than 15,000 subscribers and $2 million in annualized revenue and to be accretive to MobilePro's earnings. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, is expected to close in June 2004. The terms of the transaction were not disclosed. (Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO ) Jay Wright, MobilePro president and CEO, said, "Ticon.net represents the first of what we hope to be several acquisitions in the Midwest region of the country. We are looking forward to continuing Ticon.net's tradition of superior customer service to over 15,000 Wisconsin customers as well as expanding into neighboring states over time. We expect this acquisition will be accretive to our earnings for the fiscal year that begins April 1, 2004." About Ticon.net Founded in 1997, Ticon.net offers T-1 and dial-up Internet access for individuals and businesses throughout Wisconsin. Ticon.net is based in Janesville with facilities in both Janesville and Milwaukee. About MobilePro Corp. MobilePro Corp. is a wireless technology and broadband internet services company based in Bethesda, Maryland with operations in Dallas and Beaumont Texas. The company is focused on creating shareholder value by developing innovative wireless technologies, acquiring and growing profitable broadband internet service providers and forging strategic alliances with well-positioned companies in complementary product lines and industries. An investment profile about MobilePro Corp. may be found online at http://www.hawkassociates.com/mobilepro/profile.htm. For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: 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. This release contains various 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 which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward- looking statements including the Company's ability to obtain future financing on favorable terms, changes in the wireless and telecommunications industries that compel the Company to alter its present business strategy, the Company's ability to attract management capable of implementing the Company's existing or future business strategy and the risk factors set forth in the Company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others. SOURCE MobilePro Corp. -0- 05/03/2004 /CONTACT: Jay Wright, CEO, MobilePro, +1-301-315-9040; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for MobilePro/ /Photo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com/ /Web site: http://www.mobileprocorp.com http://www.ticon.net http://www.hawkassociates.com / (MOBL) CO: MobilePro Corp.; Ticon.net ST: Wisconsin, Maryland IN: CPR TLS OTC MLM SU: TNM

Posts: 290 | Registered: Dec 2003  |  IP: Logged | 

posted                      

0.23 0.19 0.22 0.25

Posts: 290 | Registered: Dec 2003  |  IP: Logged |