4 quarter will be strong!
Stated Jeffrey Flannery, CEO of Jackson Rivers Company, "UTSI International Corporation has been a leader in monitoring and information management applications for oil and gas pipeline and telecommunication companies for more than 21 years. As the worldwide market for oil and gas continues to grow in importance, Jackson Rivers is now positioned to be a part of this growth and expansion."
UTSI's current customers include Shell Pipeline, Koch Industries, Panhandle Energy, New York City Transit Authority, Baltimore Gas & Electric, Louisiana Offshore Oil Port (LOOP), LLC, gasNatural, Panhandle Energy, SDG (Spain) and Sakhalin Energy Investment Company, Ltd. (Russia). The Jackson Rivers Company is currently seeking new opportunities for its services in Europe, Africa and the Far East. This is an exciting time in our industry as we are seeing opportunities in all areas of the world to apply our proven expertise and extensive capabilities. Our company wide goal is to be in a position to aggressively take advantage of these opportunities and to continue to be a leader in our industry."
Stated James Nelson, President of Jackson Rivers, Inc., "This acquisition brings a solid base of business, comprised of first rate customers to Jackson Rivers. By combining UTSI with Diverse Networks, we now expect to grow and achieve profitability through our combined ability to take on new contracts and expand our services into lucrative, untapped markets both domestically and internationally. This acquisition also enhances our ability to move forward as a leader in the M2M industry, which is just beginning to emerge a major industry worldwide. Many of our competitors focus on just acquiring M2M data, but the acquisition of UTSI puts us in a strong position to develop new applications that will add tremendous value to the users of our data collection/delivery service."
