Platinum Terminates Xpanserv Acquisition
April 01 2013 - 8:30AM
Business Wire
Platinum Communications Corporation (TSX-V: PCS) announced today
that it has been unable to reach an agreement on satisfactory
commercial terms with 1574002 Alberta Ltd. o/a XpanServ
(“XpanServ”), a Wireless Internet Services Provider (“WISP”), and
will not be proceeding with the previously announced acquisition of
XpanServ’s assets and customers.
Platinum continues to investigate other accretive business
opportunities in its markets while it successfully integrates its
three previously announced acquisitions – MyCanopy,
AlbertaHighSpeed and Community Networks.
ABOUT PLATINUM COMMUNICATIONSPlatinum Communications Corporation
(TSX-V: PCS) is a leading provider of superior quality fixed
wireless Internet and Broadband solutions in Alberta serving more
than 13,000 customers. Based in Calgary, Platinum operates a
custom-built wireless broadband network that utilizes
Next-Generation WiMax technology to bring fast, reliable and
affordable Internet services and digital phone solutions to
residents and businesses across the Province using licensed and
unlicensed spectrum that extends from the north of Grande Prairie
to the Alberta/US border and from Medicine Hat to Banff. Platinum
caters to urban, rural and remote markets that are often beyond the
reach of traditional Internet providers. For more information,
please visit our website at www.platinum.ca or call
403-301-4591.
This news release may contain forward-looking statements. These
forward-looking statements do not guarantee future events or
performance and should not be relied upon. Actual outcomes may
differ materially due to any number of factors or uncertainties,
many of which are beyond Platinum's control. Some of these risks
and uncertainties may be described in Platinum's corporate filings
(posted at www.sedar.com). Platinum has no intention or obligation
to update or revise any forward-looking statements due to new
information or events. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Bernard Parkinson, CEO Katherine Kirkup, CFO Phone (403)
301-4591 Phone (403) 301-4594
Source: Platinum Communications Corporation (PCS)
http://www.platinum.ca
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