Omnicity Corp. (OMCY) provides broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Leveraging management expertise, Omnicity’s strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and partnerships with Rural Electric Municipal Cooperatives and Rural Telephone Companies.
The company’s target markets are locations better suited to wireless transmissions than traditional hard-wire operators. It has been estimated that at least 40 million rural and small market homes, businesses, government agencies and schools have inadequate high-speed Internet service, representing a large growth opportunity.
Building a nationwide wireless network, Omnicity will be able to deliver high-speed Internet access to rural subscribers more cost-effectively than traditional cable or fiber optic models since hard-wire systems are generally much more expensive to build than wireless networks. Reduced network development costs means lower infrastructure costs per subscriber for wireless operators as compared to comparably-sized traditional hardwire fiber-optic systems.
Omnicity is led by an experienced broadband operations team with extensive wireless broadband/ISP expertise as well as the capability to consolidate large numbers of businesses through a strategic roll-up strategy. Over the next five years, the company projects a growing customer base of 170,000 subscribers, increasing margins and growing revenues of nearly $87 million.
Chief Executive Officer, Director
Mr. Jarman serves as the Chief Executive Officer in charge of Omnicity. Mr. Jarman was instrumental in the initial fundraising and public company formation. Mr. Jarman has been with Omnicity from its inception, initially as Chief Technology Officer, then as Chief Operating Officer. Prior to his work with Omnicity, he served as President of RushDSL, a rural broadband services provider. Mr. Jarman has also served as Chief Technology Officer of Qmedia, a network services and managed services provider and was Chief Technology Officer and board member of Netisun, LLC where he directed Netisun’s technical services group and managed network infrastructure. Mr. Jarman was a founder and executive of Indiana Communications & Systems, Inc., which was a rural business ISP and managed service providers acquired by Netisun LLC. He has 25 years of technical experience working with many corporate and governmental agencies, and has consulted with Northrop, The Associated Group, United Student Aid Funds, Cinergy, Sperry, Unisys, and EDS. Mr. Jarman received his AS in Computer Information Services from Indiana Central University and has spent 10 years of his career in information systems consulting.
|Don Prest |
Chief Financial Officer, Director
Mr. Prest will lead the SEC public financial reporting process for Omnicity and the overall financing plan. Mr. Prest has been a US and Canadian public company assurance partner for 17 years at a large regional PCAOB registered accounting firm located in Canada, where his career began 26 years ago. Mr. Prest has been an assurance partner for over 150 public US companies. Mr. Prest will retire from this position at the end of 2008 to focus on the business of Omnicity. Mr. Prest has been a partner of FBP Capital Corp, an investment and merchant bank, for 6 years where he has leveraged his international tax and assurance practice and contacts to assist FBP’s clients in going and being public. Mr. Prest also served as the Chief Financial Officer for Power Air Corporation for three years. Power Air is a public fuel cell company. Mr Prest is currently serving as President and Chief Financial Officer for Omnicity Corp., the OTCBB listed company that will be the parent company for Omnicity Inc. Mr. Prest will stay on as the Chief Financial Officer of Omnicity and be added to the Board of Directors. Mr. Prest started his career in 1983 upon graduating from BCIT in Financial Management. Mr. Prest received his Canadian CA designation in 1991 and his US CPA designation in 1997.
|David Bradford |
Chief Operating Officer, Director
Mr. Bradford became our Chief Operating Officer on July 30, 2009 and is in charge of managing the profitability of the Company’s day-to-day operations in support of established policies, goals and objectives while providing leadership, strategic direction and vision to the Company. He also assists senior officers of the Company in the design and development of the Company’s long-term strategic planning, organization of resources to execute its plan, and the timely and accurate reporting and analysis of operating results. His responsibilities include management of acquisitions, operations, and financial matters, and ensuring their most effective synthesis to the maximization of the Company’s strategic and operating plans. Mr. Bradford has devoted the majority of his senior management career to the telecommunications industry. From 1977 through 1987 he served in executive positions at the Chicago Tribune’s broadcast and cable television divisions. Positions included Vice President and General Manager for Tribune Cable Communications, Vice President of Operations for WGN Electronic Systems Company and Director of Strategic Planning for Tribune Cable and subsidiaries. After leaving the Tribune companies Mr. Bradford served as President of Empire Communications and Bradford Communications, Inc., both rural cable television multi-system operators. Mr. Bradford subsequently served as President of National Telsat, Inc., a rural wireless television and data provider. Mr. Bradford also currently serves on the Board of Directors of KX2 Performance Group, Inc., a North Carolina based NASCAR motor sports marketing firm. Mr. Bradford brings thirty years of successful subscriber based telecommunications operating experience to the Company as well as participation and oversight of numerous debt and equity financings, acquisitions, and restructurings.
|James Richardson |
Mr. Richardson serves as Omnicity’s Controller directing overall financial planning and accounting systems providing analysis and recommendations on all financial operations. Previously, Mr. Richardson served as Controller of Progressive Logistics, a warehouse transportation company and for M.D. Rowe Construction, Inc. based in Indianapolis. He was the Controller for CeCorr, Inc. where he managed a staff of sixteen people involved in financial reporting for the parent company and seventeen subsidiaries. Mr. Richardson also served as the Chief Accounting Officer for the parent company and consolidated group of Rock Island Refining Corporation with 1998 sales of $618million and lines of credit in excess of $75million. He received a Bachelor of Arts degree in Accounting from Marian College and his civic activities include the Institute of Internal Auditors, Sertoma and Junior Chamber of Commerce. Mr. Richardson also served on the Board of Directors of the Crooked Creek Multi-Service Center.
|Bob Evans |
Vice President of Acquisitions
Mr. Evans graduated magna cum laude from Indiana University School of Law, Bloomington, in 1986 after majoring in Accounting at the Indiana University School of Business, from which he graduated in 1983. Mr. Evans worked for the Indianapolis law firms of Bingham Summers Welsh & Spilman and Kroger Gardis & Regas where his practice was focused primarily in the areas of Mergers and Acquisitions and Securities Regulation. Mr. Evans has extensive experience in a broad variety of transactional work, including asset acquisitions and SEC compliance work. Mr. Evans also has significant experience in leadership and operations management, working for small to medium sized businesses as well as heading the field operations effort for the 2000 Census in Chula Vista, California.
|David Weddell |
Vice President, Sales and Marketing
Mr. Weddell manages and expands business relationships with Rural Electric Membership Cooperative groups (“REMCs”), acquisitions and large clients. Mr. Weddell develops and implements strategy, sales plan, and forecasts for overall business development, sales, and account management. Mr. Weddell has been a visionary and entrepreneur throughout his 28 year business career. In 1996 he worked with GTE Wireless Data based in Tampa, Florida and developed a team that brought mobility to the credit card industry. In 2003 his passion turned toward the WISP industry and he became North American Sales Director for Supernova Systems, Inc., an Indiana based WISP. Mr. Weddell was responsible for implementing the Virtual WISP program for Supernova Systems and created partnerships with Verizon Wireless, Lightyear Network Solutions, Sprint, DISH Network, DIRECTV and Wild Blue Satellite Internet. By 2007 Mr. Weddell became the Founder and President of Cue Connex, LLC and focused on building a financial model that partners with municipalities to deliver automatic meter reading, first responder and carrier-grade IP networks delivering internet, telephone and television services. Mr. Weddell earned a Bachelor of Science degree from Indiana State University.