MicroHoldings U.S. Agrees to Sale of Video Store Subsidiary
Thursday June 28, 10:40 am ET
SAN DIEGO--(BUSINESS WIRE)--MicroHoldings US, Inc. (Pink Sheets:MHUI - News) today announced that its has agreed to terms to sell its video store subsidiary to Skybridge Technologies Inc. The sale is effective on July 1, 2007 and was approved by the board of directors of MHUI as part of the reorganization plans for the company to focus its current business efforts on telecom and international carrier services.
MHUI recently acquired XChangeTel, Inc., a privately held company that provides international carrier services and GDS, a German telecom company and is looking to continue with additional acquisitions to further build its carrier services business.
More information on MicroHoldings US, Inc. can be found at www.microholdings-us.com.
Contact:
MicroHoldings US, Inc.
Jeff Flannery, 619-342-8096
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