Mobilepro Corp (fka MOBL)

[jmhollen]

By: coffeesaurus (RB)
29 Feb 2004, 08:27 PM EST
Msg. 135208 of 135208
Jump to msg. #
Got this off Yahoo. Looks like MOBL is a way to get some cash to throw back into QBID when it runs again.

There is a gathering momentum play for MOBL as there was for GTEL and GLBT when they were under .06, but MOBL has much fewer O/S's than GTEL and GLBT. Estimated public float is 104 million shares. Here is the DD from a few weeks back.

Why a “Buy”.
# the pps has not spiked yet.
# change of management with new focus and business plans
# top notch management officers and very distinguished people
appointed to Advisory Board. All of them are specialists in their
respective field. It gives an indication of great vision for the co
future.
# many good acquisitions of companies with income potential in 04
# possess 5 patents of advanced wireless technologies
# reasonable o/s

MobilePro Corp.
6701 Democracy Blvd., Suite 300, Bethesda, MD 20817
President and CEO: Jay Wright, [phone]
www.mobileprocorp.com and www.##############.com
Investor Contact: Frank N. Hawkins, Jr. or Julie Marshall (305) 852-
2383

MobilePro Acquires Nationwide Internet. Deal Expected To Be
Accretive To MobilePro's 2004 Earnings. Forms Strategic Alliance
with Global Defense Corporation. Announces 2004 Plans for Wireless
Business. Forms Strategic Alliance With NetWolves Corp. Signs LOI To
Acquire August.net.

Company Description
MobilePro is an emerging company creating scalable and global
wireless technologies and applications. The company has expertise in
wireless components technology and intends to leverage that
expertise into delivering wireless applications and systems
solutions for the global enterprise markets.

The company expects to realize revenue from reseller activity in the
multi-billion dollar wireless market. Industry experts are
forecasting an explosive use of wireless Wi-Fi applications over the
next decade with users expanding from 23,700 in 2002 to 609,200 in
2004 and exponential growth beyond that. The company is positioning
itself to become a profitable participant in this space.

The company is initially offering an application that gives IT
personnel the ability to perform remote troubleshooting on IT
networks and systems from remote devices such as laptops, PDAs or
cell phones.

The company has aligned itself into three operating units. The
company's MobilePro Applications Division is leading the company's
effort to develop new Wireless Data Network Exchange Service(SM)
products for wireless data applications and operational support
services such as wireless network monitoring and testing.

The company's MobilePro Systems Division intends to provide
specialized radio frequency design services for turnkey wireless
systems, wireless telemetry systems, solutions that bridge wireless
local area networks ("WLAN") and 3G and other wireless web systems.

The company's NeoReach Division intends to develop advanced 3G chip
technology including 3G modem semiconductor chip sets for hand set
telephones, pico-cell base stations, smart antenna technology and
advanced radio frequency semiconductors.

The company is developing advanced modem solutions for both base
stations and handsets to capitalize on the third generation - 3G -
telecom industry. Industry estimates that the global 3G base station
market will exceed $56 billion annually.

MobilePro has invested more than $3 million to date to develop
technologies for "air chips" - wireless communication semiconductor
chips for the next generation networks. Gartner Dataquest estimates
that MobilePro's target application services market - vertical and
horizontal wireless business data applications - will be $8 billion
by 2005, growing at 40% per year.

MOBL: OTCBB
Basic Shares: 155 mil.
Diluted Shares: 139