CIGW May Financials Knock It Outa the Park!
5/23/2014 CiG Wireless Corp Announces First Quarter 2014 Results
Revenue for the three months ended March 31, 2014 was approximately $1.6 million compared to approximately $0.5 million in the same period of the prior year.
The increase in revenues of over $1.0 million or 200% was attributable to the acquisition of 100 towers and the construction of three towers during 2013 and the first quarter of 2014.
The addition of 100 towers to the Company's portfolio was accomplished through the acquisition of 38 constructed towers from Liberty Towers, LLC in August 2013, the acquisition of 49 constructed towers from Southern Tower Antenna Rental, LLC completed in multiple transactions, the acquisition of 12 constructed towers from PTA, FLA, Inc. completed in multiple transactions and the acquisition of one constructed tower from Fidelity Towers, Inc
