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Digi Link Technology (DGLT)

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Last Post: 7/20/2018 2:21:49 PM - Followers: 15 - Board type: Free - Posts Today: 2

Digi Link Technologies Signs Letter of Intent to Acquire Two Technology Companies ISELIN, N.J.--(BUSINESS WIRE)--Aug. 14, 2001--Digi Link Technologies, Inc. (OTC BB: DGLT) today announced that it has entered into a letter of intent to acquire SmartLink Development Network, Inc. located in Wallington, Connecticut and King Communications International Limited (``King'') (CDNX: KCI - news) USA, headquartered in Orlando, Florida. According to the letter of intent, SmartLink and King shareholders will exchange all of their shares for restricted shares of Digi Link's common stock. The contemplated closing of the transaction is contingent upon receipt of funds generated through a private placement financing involving third party investor(s) for a minimum of $10 million. Digi Link currently is entertaining a number of different proposals, but no firm commitment is in place. Digi Link Technologies is combining advanced wireless data technology and Specialized Mobile Radio (SMR) services to create an intelligent and cost competitive wide area voice, data and enhanced mobile services network, know as the INTELLICOM® network. It is anticipated the INTELLICOM® network will ultimately include access to a suite of competitively priced advanced mobile services such as remote database access and management, e-mail, e-payment services, Internet access, and Automatic Vehicle Location (AVL). Digi Link currently operates and manages, 60 SMR as well as a fixed earth station FCC satellite license. Their business focus is to network independently owned and operated 220 MHz SMR systems throughout the most densely populated cities in the United States and also create a wireless Internet portal that interfaces with 220 MHz transmissions. Their INTELLICOM® wide area network, located in the Prudential Center in Boston, Massachusetts, accounts for coverage in almost one-third of the continental United States. SmartLink has developed a unique networking and trunking technology that offers the mobile radio industry and end users the ability to network independent sites utilizing different protocols and frequencies into a seamless wide-area, cellular-like system. The product is unique in the world inasmuch as it allows previously incompatible radio sites to be networked together into an advanced communications network with enhanced handoff features, real time simplex, full duplex voice communications, state of the art dispatch, group calling and full public telephone interconnect. King is a publicly traded corporation whose shares are quoted on the Canadian Venture Exchange (symbol: KCI). King operates through its wholly-owned subsidiary, King Communications USA, Inc. which designs, manufactures, markets and supports innovative voice and data solutions to a wide range of markets. Its primary focus on the manufacture and sale of mobile data terminals and related software applications. King Communications mobile data products and software are in active use in the ground transportation industry, in particular the taxi, ambulance and courier markets. King is active as well in the governmental arena and has advised Digi Link it currently has a purchase order backlog of approximately $2 Million. King Director Bill Scott stated that ``The marriage of Digi Link Technologies INTELLICOM® network licenses with SmartLink's state of the art wide area dispatch networking capabilities, and with the mobile data technology of King Communications is a powerful combination of licensed spectrum and advanced technologies that will provide the basis for the rapid and cost effective deployment of a highly advanced, competitively priced network services offering for fleet users. This should be a very positive long term step to the fulfillment of Digi Link's business vision and growth''. SmartLink Chairman Mark Hatten expressed the following ``the contemplated transactions represent a significant step towards the offering of a needed solution for the fleet user market segment, namely a cost effective, wide area dispatch service with enhanced data capabilities. Today, there is no apparent cost effective wireless mobile service offering that meets the unique demands of fleet customers. The INTELLICOM® network should be embraced by the fleet customer market as well as other undeserved specialized mobile markets.'' ``This was a logical step. Technology and a new recognized management team will allow Digi Link to expand nationally.'' said Peter Jegou, President & CEO of Digi Link Technologies. ``We are pleased with this opportunity to fulfill our business plan, as a publicly traded company, which we believe will enhance shareholder value and capital raising alternatives.'' Safe Harbor This release includes forward-looking Statements. Statements contained in this Release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested herein due to certain risks and uncertainties which including, without limitation, ability the companies to obtain necessary financing and regulatory and shareholder approvals for anticipated actions. Many of these risks and uncertainties will set forth in far greater detail in the companies' public filings. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested may be identified from time to time in Digi Link's filings with the Securities and Exchange Commission, Digi Link's public announcements, copies of which would be available from the SEC or from Digi Link upon request. -------------------------------------------------------------------------------- Contact: Digi Link Technologies, Inc. Richard Margulies Director of Communications OR Shareholder Relations Richard Sullivan (888) 321-8922
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#650   Nope. I’ve been on the sidelines since the Will2Trade 07/20/18 02:21:49 PM
#649   Anyone know what's going on here? Wantcash 07/20/18 10:39:11 AM
#648   Yup. Yup yup yup yup yup yup yup Wantcash 07/09/18 02:12:25 PM
#647   What? Up 473%? This must be a Thriver 06/11/18 12:31:42 PM
#646   I'm still here too. Just been ignoring this, Wantcash 06/07/18 02:03:42 AM
#645   So we wait for a miracle now? roctober 05/14/18 12:17:35 AM
#644   So did this deal ever close??? Is this WinnipegTrader 04/27/18 10:28:33 AM
#643   Massive volume, was there news? MrLucky 03/20/18 12:03:49 PM
#642   Holding up nicely today. MrLucky 03/19/18 02:09:04 PM
#641   Looks like my average is around .40, trying MrLucky 03/15/18 02:32:43 PM
#640   I still have 500 shares, forget what my MrLucky 03/15/18 02:19:33 PM
#639   Who just sold at $0.05???? Ughhh... Is anyone WinnipegTrader 03/15/18 01:49:54 PM
#638   The cash deal at $1.05 per share seemed WinnipegTrader 02/02/18 07:49:34 PM
#637   I’m surprised more people aren’t posting about this WinnipegTrader 02/02/18 04:49:45 PM
#636   Nope! Not worth the commission I would pay. WinnipegTrader 02/02/18 10:32:41 AM
#635   Did you get those 1000 shares for .145? Wantcash 02/02/18 10:30:45 AM
#634   Stupid grey markets not letting me buy more. WinnipegTrader 02/02/18 10:23:58 AM
#633   Finally. News. Merger.!!! Feb close date. Gonna call Wantcash 02/02/18 08:06:53 AM
#632   For anybody who wants out, I have a WinnipegTrader 01/26/18 09:48:49 AM
#631   So u must be reaching 100k shares now? Wow roctober 01/25/18 12:36:56 AM
#630   Not all along but every once and awhile WinnipegTrader 01/24/18 02:58:18 PM
#629   Youve been adding shares all along?? roctober 01/24/18 12:29:30 PM
#628   3 orders out there. 1 at $0.06, 1 WinnipegTrader 01/24/18 11:07:59 AM
#627   still hung up in this,hope for news soon Modifiedracer 12/28/17 09:23:07 AM
#626   Whats happening today? roctober 12/26/17 06:50:17 PM
#625   StockTwits will be closing the DGLT message board, Modifiedracer 12/15/17 07:53:28 PM
#624   Been in for a long, long time, how roctober 11/08/17 10:09:03 PM
#623   HUE NEWS ON FRIDAY. Oger 11/08/17 10:08:02 PM
#622   Anything new? Update? Inside info? Opinion? roctober 10/31/17 06:40:09 AM
#621   Wow! Thanks for posting that, nobody knew that, Wow! Bernija1 10/23/17 07:50:52 PM
#620   SEC reporting delinquent ...Grey Market ... caloosa 10/23/17 03:40:19 PM
#619   Update Bernija1 10/17/17 04:56:51 PM
#618   LONEWOLF, I/M WELL AWARE OF THE SHARE PRICE, Oger 10/17/17 12:07:38 AM
#617   Agreed. This isn't over yet. Bernija1 10/16/17 09:01:00 PM
#616   Oger is set to lose lots of sleep Lone Wolf 10/16/17 08:59:07 PM
#615   LOI expired so what! A new LOI can Bernija1 10/16/17 08:32:56 PM
#614   Screwed for us longs now... Oger 10/16/17 07:50:46 PM
#613   Deal fell through .... damn... why? Oger 10/16/17 07:38:06 PM
#612   Yep Lone Wolf 10/13/17 12:45:43 PM
#611   GLTY! Bernija1 10/13/17 10:03:29 AM
#610   im out even steven jokerwild477 10/13/17 09:52:01 AM
#609 Bernija1 10/13/17 07:50:27 AM
#608   I'm thinking the merger is done imo Bernija1 10/12/17 04:42:51 PM
#607   Is this article having any affect here ??? TIA NotRichYet2 10/12/17 12:45:55 PM
#606   Looks like we got a little volume today???? Hummmm??? Oger 10/12/17 11:35:47 AM
#605 Bernija1 10/11/17 04:56:02 PM
#604   Greys will take this to .05 unless we Oger 10/11/17 11:01:53 AM
#603   Only positive right now is we have Urban Oger 10/10/17 06:05:30 PM
#602   We need news or we're doomed Oger 10/10/17 06:04:54 PM
#601   Thanks. eroger 10/10/17 07:38:43 AM