Rapid Link Completes the Acquisition of One Ring Networks
OMAHA, NE, Mar 28 (MARKET WIRE) --
Rapid Link, Incorporated (OTCBB: RPID), a leading provider of Broadband and
Diversified Communication Services, announced today the closing of the
acquisition
of One Ring Networks, Inc., an alternative access carrier headquartered in
Atlanta, Georgia.
One Ring Networks operates one of the largest hybrid fiber and fixed
wireless
networks in the United States and is one of the few carriers offering end-to-end
communications and networking services without relying on other companies' last
mile connections. Over its next generation network that spans thousands of
route
miles, One Ring offers high-speed data services and feature-rich IP telephony
throughout the metro areas of Atlanta, St. Louis and Washington, D.C.
In January, One Ring expanded its fixed wireless offerings by launching
licensed
WiMAX service in Atlanta, with plans to serve other select markets in 2008 and
beyond. WiMAX is a wireless technology which allows broad coverage with
data-rich connectivity, unlike Wi-Fi which is unlicensed and limited to small
hot-spots. One Ring has coupled this spectrum with carrier-grade WiMAX
equipment to offer a wide array of wireless business offerings. By using the
company's existing and extensive wireless infrastructure, the entire
metropolitan
Atlanta area and surrounding cities can expect to see new, economical, and
innovative offerings as a result of the company's WiMAX network.
Matt Liotta, CEO of One Ring, stated, "One Ring Networks is now a Rapid Link
Company. Our shareholders and employees are thrilled to join forces and grow
our model at a stepped up pace. The commitment by Rapid Link to embrace our
vision and our confidence in the management and operational wherewithal of Rapid
Link, made our decision to become a Rapid Link Company very easy indeed."
John Jenkins, CEO of Rapid Link added, "Today marks a milestone in the
history of Rapid Link. This is both literally and figuratively the first day
of the new future of our Company. The Rapid Link team and I would like to
thank our shareholders for their continued support, and thank the One Ring
shareholders for their trust and confidence in our combined vision."
About Rapid Link, Inc.
Rapid Link is a Diversified Communication Services company providing various
forms
of voice and data transport service to wholesale and retail customers around the
world. The Company's retail product focus involves supplying bundled internet
and
voice services. The Company's strategy involves offering broadband access via
its
own facilities to ensure reliable delivery of its content without compromise
from incumbent monopolies. Rapid Link strives to serve its customers unique
communications needs with a focus on cost efficiency and quality of service.
Through the Company's operating headquarters in Omaha, NE, Rapid Link supports
customers with in-house multi lingual customer service, proprietary scalable
billing systems, and experienced communications professionals.
For more information, visit www.rapidlink.com.
Contact:
Investor Relations
Rapid Link, Inc.
Tel.: 402-392-7561
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