UTYW - Unity Wireless Consolidates Three Recently Acquired Companies Into One Facility
Wednesday September 6, 5:45 am ET
BURNABY, BC--(MARKET WIRE)--Sep 6, 2006 -- Unity Wireless Corporation (OTC BB:UTYW.OB - News), a supplier of wireless systems and coverage-enhancement solutions, announced today that it has completed the consolidation of the operations of three recently acquired companies into one facility, harmonized its sales and marketing initiatives under the Unity Wireless brand and has completed a corporate restructuring to reduce headcount in redundant positions.
The combination of consolidating the facilities of the three acquired companies and reducing the employee headcount from approximately 135 to 80 people is expected to result in significant savings for the integrated company.
With the harmonization of the sales and marketing groups completed, cross-selling opportunities are being exploited and are already generating significant interest in many accounts around the world -- particularly in accounts where one of the pre-acquisition companies had a strong presence prior to the transactions. Unity Wireless now has an established presence in many of the most active markets for wireless infrastructure products around the world.
The Company anticipates efficiencies that come from increased levels of business should result in reducing the overall cost of many of the Company's product lines in many different ways. The consolidation of operations and harmonization of the sales and marketing functions across Unity Wireless and the three recently acquired companies are expected to significantly contribute to the ability of Unity Wireless to become profitable.
About Unity Wireless
Unity Wireless is a supplier of wireless systems and coverage-enhancement solutions for wireless communications networks. For more information about Unity Wireless, visit www.unitywireless.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to consummate the acquisitions, difficulty in integrating any of the proposed or future acquisitions, inability to raise the funds necessary for the continued operations of the Company and its acquisitions, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
Contact:
Investor Contact:
James Carbonara
The Investor Relations Group
(212) 825-3210
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57@optonline.net
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Source: Unity Wireless Corp.
